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Snapshot of the Rhode Island Economy
December 2014

Download (xls)(pdf)
 

 

 

Dec.
2014
Nov.
2014
Dec.
2013
% Change Year to Date
Nov. 14 Dec. 13 2014 2013 % Change
Labor Force and Unemployment (1,000s)(Seasonally Adjusted)
  R.I. Labor Force 552.6 553.3 550.1 -0.1% 0.5% 555,237 555,643 -0.1%
  R.I. Employed 515.3 514.1 499.1 0.2% 3.2% 511,063 502,902 1.6%
  R.I. Unemployed  37.3 39.3 51.1 -5.1% -27.0% 44,175 52,742 -16.2%
  R.I. Unemployment Rate 6.8% 7.1% 9.3% -4.2% -26.9% 8.0% 9.5% -16.2%
  U.S. Unemployment Rate 5.6% 5.8% 6.7% -3.4% -16.4% 6.2% 7.4% -16.5%
                   
R.I. Insured Unemployment (as of week of the 12th)

Average thru week 52

  Avg. Insured Unemployed 8,707 8,608 10,003 1.2% -13.0% 11,940 12,787 -6.6%
  Insured Unemployment Rate* 1.94% 1.92% 2.26% 1.0% -14.2% 2.67% 2.90% -7.9%
              Year to Date
Total Jobs at R.I. Businesses (1,000s)  (Seasonally Adjusted) 2014 2013 % Change
  Establishment Employment (Total) 478.9 479.0 471.2 0.0% 1.6% 477.3 471.2 1.3%
  Natural Resources & Mining 0.2 0.2 0.2 0.0% 0.0% 0.2 0.2 0.0%
  Construction 16.8 16.7 15.9 0.6% 5.7% 16.7 16.1 3.7%
  Manufacturing 41.6 41.2 40.5 1.0% 2.7% 40.9 40.1 2.0%
  Wholesale Trade** 16.7 16.7 16.8 0.0% -0.6% 16.6 16.7 -0.6%
  Retail Trade 46.5 46.9 46.9 -0.9% -0.9% 47.0 46.6 0.9%
  Transportation & Utilities 11.6 11.5 11.1 0.9% 4.5% 11.2 10.8 3.7%
  Information 8.7 8.7 8.8 0.0% -1.1% 8.8 9.0 -2.2%
  Financial Activities 33.1 33.2 32.1 -0.3% 3.1% 32.8 32.3 1.5%
  Professional & Business Services 59.5 60.6 58.8 -1.8% 1.2% 60.5 58.6 3.2%
  Educational Services 24.6 24.3 22.8 1.2% 7.9% 24.2 24.1 0.4%
  Health Care & Social Assistance 80.8 81.0 80.4 -0.2% 0.5% 80.6 80.5 0.1%
  Arts, Entertainment & Recreation 8.9 9.0 8.8 -1.1% 1.1% 9.1 8.4 8.3%
  Accommodation & Food Services 47.1 46.5 45.8 1.3% 2.8% 46.0 45.1 2.0%
  Other Services 23.1 22.7 22.3 1.8% 3.6% 22.6 22.6 0.0%
  Government              59.7 59.8 60.0 -0.2% -0.5% 60.0 60.2 -0.3%
                   
Unemployment Insurance Year to Date
   Regular Claims 2014 2013 % Change
  Initial Claims 9,808 5,149 8,379 90.5% 17.1% 76,712 79,864 -3.9%
  Number of Payments 46,812 29,778 54,090 57.2% -13.5% 559,852 611,257 -8.4%
  Amount of Payments (gross millions) $15.1 $9.8 $18.3 54.1% -17.5% $184.2 $207.7 -11.3%
  Exhaustions (Final Payments) 1,111 838 1,411 32.6% -21.3% 13,803 16,329 -15.5%
                   
Temporary Disability Insurance Year to Date
              2014 2013 % Change
  Initial Claims 3,670 3,040 2,955 20.7% 24.2% 45,469 39,532 15.0%
  Number of Payments   32,133 28,143 30,536 14.2% 5.2% 367,638 363,685 1.1%
  Amount of Payments (gross millions) $14.8 $12.7 $13.8 16.5% 7.2% $164.2 $160.5 2.3%
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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