Sunday, April 22, 2012

Rhode Island Unemployment Rate Rose to 11.1% in March 2012

Rhode Island lost 600 jobs between February and March 2012.  Unemployment in the state is up slightly to 11.1 percent for March, from 11.0 percent in February.  Rhode Island's unemployment rate is now nearly three percentage points higher than the national unemployment rate of 8.2 percent.
State officials, backed by a local economist questioned whether the monthly jobs report accurately captured the nuances of the local economy -- specifically the number of jobs that exist in the state.
DLT Director Charles J. Fogarty commented, "No one is suggesting we're in a robust recovery, but we do want to give people some measure of hope, and we see some signs that the recovery is under way slowly."

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