RI unemployment rate drops slightly to 5.2 percent

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PROVIDENCE, R.I. (AP) — Rhode Island’s unemployment rate dropped slightly to 5.2 percent in November, down one-tenth of a percentage point since the previous month.

The state’s unemployment rate, released Thursday, is still slightly higher than the national unemployment rate of 5 percent.

But the rate is a drop of 1.7 percentage points from November 2014. It’s the lowest unemployment has been in the state for more than eight years, since July 2007.

The Rhode Island Department of Labor and Training says the state has added 8,000 jobs since November 2014.

The drop comes even as the state’s labor force is growing. The DLT says the labor force was up to 555,600 last month, up 5,900 from the previous year.

Rhode Island Gov. Gina Raimondo released the following statement after the most recent unemployment rate was announced.

Since January, the Rhode Island economy has added over 6,000 jobs. These numbers are encouraging, but we still have a long way to go to create high-wage, high-skill, family-supporting jobs. As we look ahead to 2016, we remain committed to growing our existing companies and attracting new businesses, and helping everyone make it in Rhode Island.”

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Providence

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