POST Online Media Lite Edition



 

Rhode Island-based jobs rose 700 from May; June unemployment rate drops to 2.9 pct

Christian Fernsby |
Rhode Island businesses added 700 jobs in June as the state’s unemployment rate dropped to 2.9 percent.

Article continues below




Over the year, jobs were down 1,900 from June 2022 and the unemployment rate was down two- tenths of a percentage point.

Through June, Rhode Island has recovered 96,200 or 88.8 percent of the 108,300 jobs lost during the Covid-19 shutdown.

Rhode Island’s Labor Force

The June unemployment rate was 2.9 percent, down one-tenth of a percentage point from the May rate of 3.0 percent. Last year the rate was 3.1 percent in June.

The U.S. unemployment rate was 3.6 percent in June, down one-tenth of a percentage point from May. The U.S. rate was 3.6 percent in June 2022.

The number of unemployed Rhode Island residents — those residents classified as available for and actively seeking employment — was 16,800, unchanged from May. The number of unemployed residents decreased by 700 over the year.

The number of employed Rhode Island residents was 553,100, up 1,500 over the month and down 2,300 over the year.

The Rhode Island labor force totaled 569,900 in June, up 1,500 over the month and down 3,000 from June 2022.

The labor force participation rate was 63.2 percent in June, up from 63.1 in May, and down from 63.7 in June 2022. Nationally, 62.6 percent of US residents participated in the labor force.

Unemployment Insurance claims* for first-time filers averaged 734 in June up from 714 in May. Claims were up an average of 76 a week from June 2022 filings.

Rhode Island-Based Jobs

The number of Rhode Island total nonfarm jobs was 495,200 in June, an increase of 700 jobs from the revised May jobs figure of 494,500. Over the year, total nonfarm jobs are down 1,900 or 0.4 percent.

Nationally, jobs were up 2.5 percent from a year ago. The number of private sector jobs in Rhode Island remained unchanged in June, and down 4,200 from June 2022.

June Nonfarm Payroll Notes

• Total nonfarm jobs in Rhode Island rose for the first time since February 2023.
• The May jobs report was revised by 200, from a reported loss of 1,200 jobs from April to 1,000 jobs.
• Six employment sectors reported monthly gains in June.
• The largest over-the-month gain was reported in the Administrative & Waste Services sector, which grew by 1,100 jobs, followed by the Health Care & Social Assistance sector (+800).
• The Construction Sector added 200 jobs in June, the first monthly job gain since February.
• Government jobs were up 700 with Local Government adding 500 jobs and State Government adding 200 jobs.

Manufacturing Hours and Earnings

In June, production workers in the Manufacturing sector earned $24.20 per hour, down thirty-one cents from May, but up forty-eight cents from June 2022.

Manufacturing employees worked an average of 38.8 hours per week in June, up two-tenths of an hour over the month, but down one and three-tenths hours from a year ago.


What to read next

Rhode Island's August unemployment rate increases to 2.8 percent
Rhode Island December unemployment rate decreases to 4.8 percent
Louisiana breaks lowest unemployment rate record, again

U.S.: Heavy precipitation for west

 
The main area of unsettled weather through the next 24 hours remains over California as showers and thunderstorms stream inland associated with a deep upper-trough and atmospheric river.
 
 

Latest

Capital One to acquire Discover Financial for $35.3 billion
Malawi rolls out fresh COVID-19 vaccination campaign
Rosneft posts 47% rise in net profit
Italian customs officials arrested for helping 'Ndrangheta

NEWS

204 kg raw opium seized in eastern Myanmar

Bulgaria issues guidelines for AI implementation in schools
Germany prepares for next strike at several airports
Polish farmers to step up protests with total blockade of Ukrainian border
Czechia: 10 arrested in probe into corruption ring involving medical supplies to hospitals
U.S.: Atmospheric river producing heavy precipitation, gusty winds, and severe weather threat to California
 

BUSINESS

Suez Canal revenues drop by 40-50 percent since Gaza war

UK: TRA proposes anti-dumping measures on ceramic tiles be kept
Azerbaijan reduces gas supplies to Italy via TAP by 3.2% in 2023
Bosnia and Herzegovina: European Union and its bank EIB Global support construction of Vlašić wind farm
€160 million EIB and CEB financing for vital water irrigation investment helps protect key farming area in Crete
Highlights: February 12, 2024 - February 14, 2024
 

Trending Now

Suez Canal revenues drop by 40-50 percent since Gaza war

Malawi rolls out fresh COVID-19 vaccination campaign

Qatari Power International hosts groundbreaking ceremony for major resort and convention center in Guyana

TerraPay appoints Ruben Salazar Genovez as president


POLITICS

UK government cracks down on controversial ‘fire and rehire’ practices

France launches river strategy
Shapiro administration invests $3.2 million in U.S. Boiler Company’s expansion
Governor Justice issues statement on closing of Cleveland-Cliffs Weirton facility
EU to invest 40 mln U.S. dollars in Nigeria's power sector
Azerbaijan gas to be transported to Hungary via Türkiye
 

Today We Recommend

UK government cracks down on controversial ‘fire and rehire’ practices


Highlights 

Capital One to acquire Discover Financial for $35.3 billion

Rosneft posts 47% rise in net profit

Barclays Q4 profit before tax down 92 percent


COMPANIES

Qatari Power International hosts groundbreaking ceremony for major resort and convention center in Guyana

BP to invest $1.5 bln in Egypt for development, exploration activities
Discount retailer Pepco to exit Austrian market
Bulgaria could pick Hyundai to expand Kozloduy nuclear power plant
AstraZeneca completes $1.1 billion acquisition of Icosavax
Electron launches Astroscale inspection satellite
 

CAREERS

TerraPay appoints Ruben Salazar Genovez as president

Personetics names Udi Ziv as new CEO
Lingotto appoints Pam Chan to launch Mosaic
Fogmaker International appoints Johan Bjerstedt as new sales and marketing manager
Africa Finance Corporation appoints Emeka Emuwa as chairman
IGT Solutions announces CEO succession plan
 

ECONOMY

Trade between China and Brazil continues rise

China keeps medium term lending facility at 2.5%
U.S. consumer sentiment inches higher in February
German economy sets to sink deeper into recession
Eurozone industrial output records strongest growth since August 2022
Slovenia reports 1.6 pct economic growth
 

EARNINGS

Home Depot Q4 earnings $2.80 billion

IHG RevPAR increased 16.1%
BHP HY profit down
Antofagasta revenue 8% higher
Barclays Q4 profit before tax down 92 percent
Swiss Re Q4 income $1.9 billion
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Hong Kong suspends import of poultry meat and products from areas in Canada and Poland

Czech politicians, Agrarian Chamber agree to impose deposits on agricultural products imported from Ukraine
Hong Kong suspends import of poultry meat and products from areas in U.S.
Kazakhstan proposes to ban egg imports for six months
Barbados, Dominica, Senegal, Uruguay formally accept Agreement on Fisheries Subsidies
China agrees to lift ban on Spanish beef imports
 

LEADERSHIP

Hiring 'problem directors' can knock up to 64% off firm's value

Problematic 'zombie leadership' lives on in many cases
Younger workers have significantly lower productivity than older
Employees who experienced burnout valued jobs with training opportunities less
Moderate performance goals let workers adapt to turbulent marketplaces, research suggests
Employment quotas are bad thing
 

CRIME

Linde unit to pay $25.5 mln over claims it defrauded U.S. healthcare programs

FINRA fines Morgan Stanley $1.6 million for municipal securities violations and related failures
Eli Lilly to offer low cost insulin, donate to clinics in Minnesota settlement
Google to pay $350 million to settle shareholders' data privacy lawsuit
California AG announces $150 million multistate agreement with Hikma Pharmaceuticals for its role in opioid epidemic
North Carolina secures $13.5m agreement with First National Bank of Pennsylvania to resolve redlining claims
 

Magazine

TRAVEL

Hotel Taschenbergpalais Kempinski Dresden opens

306 Room Tempo by Hilton Nashville Downtown hotel opens
Tickets on sale now for Formula 1 Etihad Airways Abu Dhabi Grand Prix 2024
Best Western SeaWorld San Antonio hotel opens in Texas
Gigantic statue of Constantine goes on display in Rome
You still have chance to get one and only Maserati MC12
 

SEA, LAND, AIR

Sikorsky S-76D helicopter, for perfect business travel above roads

Porsche Taycan, improved in almost everything
New Ford Explorer is all about exploring
Chevrolet 2025 Equinox is new and refreshed
F-150 Lightning Switchgear soon available to public
Mercedes-AMG SL 63 S E Performance, most powerful SL of all time
 

DESIGN

Vacheron Constantin, watches for life and more

Schüller kitchens, where functionality marries design
Marc Kaufman Furs, from glory days of Wild West to fashion empire
Kelaghayi scarf, powerful women's fashion symbol from Azerbaijan
Tiffany reimagined their necklace collections in bold style
How to make room coherent with pieces that don't really fit together
 

GADGETS

Epikore Epikore, luxurious loudspeakers you should have

Retro radios with soul for your car
Balanced Audio Technology power amplifier REX 500, 500 watts of solid state
Marantz TT-15S1 turntable, excellent materials and sound
Samsung Galaxy S24, smartphone focused on photography
Best dash cams for your peace of mind
 

HEALTH

Problems with sleep can trigger range of psychiatric disorders

FDA approves Xolair as first and only medicine for children and adults with one or more food allergies
Record storms in California lead to surging deadly fungal infections
New study finds little-known toxic crop chemical in four out of five people tested
Traumatic brain injury leads to widespread changes in neural connections
Orexa announces first patient dosed in Phase 2 trial in post-operative patients
 

MEANTIME

Colorado is home to America's newest national park

Hubble views massive star forming
Greenland's ice sheet is melting and being replaced by vegetation
India launches weather satellite INSAT-3DS
Japan launches new H3 rocket year after failure
Conflict in Ukraine found causes significant greenhouse gas emissions