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Snapshot of the Rhode Island Economy
July 2014

Download (xls)(pdf)
 

 

 

Jul.
2014
Jun.
2014
Jul.
2013
% Change Year to Date
Jun. 14 Jul. 13 2014 2013 % Change
Labor Force and Unemployment (1,000s)(Seasonally Adjusted)
  R.I. Labor Force 558.5 559.6 555.6 -0.2% 0.5% 555,599 558,144 -0.5%
  R.I. Employed 515.4 515.4 502.3 0.0% 2.6% 508,774 504,960 0.8%
  R.I. Unemployed  43.1 44.2 53.3 -2.5% -19.1% 46,825 53,184 -12.0%
  R.I. Unemployment Rate 7.7% 7.9% 9.6% -2.5% -19.8% 8.4% 9.5% -11.6%
  U.S. Unemployment Rate 6.2% 6.1% 7.3% 1.6% -15.1% 6.4% 7.6% -15.5%
                   
R.I. Insured Unemployment (as of week of the 12th)

Average thru week 31

  Avg. Insured Unemployed 10,691 11,636 11,267 -8.1% -5.1% 13,630 14,225 -4.2%
  Insured Unemployment Rate* 2.39% 2.61% 2.55% -8.4% -6.3% 3.06% 3.22% -5.0%
              Year to Date
Total Jobs at R.I. Businesses (1,000s)(Seasonally Adjusted) 2014 2013 % Change
  Establishment Employment (Total) 477.8 476.6 472.2 0.3% 1.2% 476.4 470.1 1.3%
  Natural Resources & Mining 0.2 0.2 0.2 0.0% 0.0% 0.2 0.2 0.0%
  Construction 16.8 16.8 16.1 0.0% 4.3% 16.7 16.1 3.7%
  Manufacturing 40.6 41.1 40.0 -1.2% 1.5% 40.7 39.9 2.0%
  Wholesale Trade** 16.3 16.5 16.6 -1.2% -1.8% 16.6 16.6 0.0%
  Retail Trade 47.5 47.7 46.8 -0.4% 1.5% 47.2 46.5 1.5%
  Transportation & Utilities 11.0 11.1 10.8 -0.9% 1.9% 11.0 10.8 1.9%
  Information 8.8 8.8 9.0 0.0% -2.2% 8.8 9.1 -3.3%
  Financial Activities 33.8 32.9 32.6 2.7% 3.7% 32.5 32.3 0.6%
  Professional & Business Services 62.5 61.1 58.8 2.3% 6.3% 60.5 58.2 4.0%
  Educational Services 23.3 22.7 23.7 2.6% -1.7% 24.1 24.0 0.4%
  Health Care & Social Assistance 80.0 80.5 80.6 -0.6% -0.7% 80.5 80.6 -0.1%
  Arts, Entertainment & Recreation 9.2 9.4 8.4 -2.1% 9.5% 9.2 8.1 13.6%
  Accommodation & Food Services 45.3 45.8 45.3 -1.1% 0.0% 45.9 45.0 2.0%
  Other Services 22.2 22.1 22.6 0.5% -1.8% 22.5 22.6 -0.4%
  Government              60.3 59.9 60.7 0.7% -0.7% 60.0 60.1 -0.2%
                   
Unemployment Insurance Year to Date
   Regular Claims 2014 2013 % Change
  Initial Claims 5,633 7,103 7,375 -20.7% -23.6% 48,460 50,472 -4.0%
  Number of Payments 43,467 41,261 53,700 5.3% -19.1% 372,753 393,135 -5.2%
  Amount of Payments (gross millions) $13.5 $13.6 $17.3 -0.7% -22.0% $123.7 $134.4 -8.0%
  Exhaustions (Final Payments) 1,002 1,263 1,423 -20.7% -29.6% 8,956 10,461 -14.4%
                 
                   
Temporary Disability Insurance Year to Date
              2014 2013 % Change
  Initial Claims 4,175 3,678 3,317 13.5% 25.9% 26,503 23,163 14.4%
  Number of Payments   35,126 29,824 34,534 17.8% 1.7% 210,021 211,107 -0.5%
  Amount of Payments (gross millions) $15.6 $13.2 $15.3 18.2% 2.0% $93.6 $93.1 0.5%

R.I. Population Trends: The 2010 Census indicates that Rhode Island's population grew from 1,048,319 in 2000 to 1,052,567 in 2010, an increase of 4,248 (+0.4%) residents. RI's population had grown by 44,855 (+4.5%) between the 1990 Census and Census 2000.
*13-week average expressed as a percentage of covered employment.
**State calculated estimate.
Note: Data for latest month are preliminary. Prior year reflects latest revision.
 

 
RI Department of Labor and Training
Labor Market Information
Center General Complex
1511 Pontiac Avenue, Cranston, RI 02920

Phone: (401) 462-8740
Fax (401) 462-8766
TTY via RI Relay: 711
 
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