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slides: RI Employment Situation is Worse than Reported

Tuesday, December 24, 2013

 

The employment market in Rhode Island ranks as one of the nation's worst since the start of the "Great Recession."

The Department of Labor recently reported that Rhode Island's unemployment is now ranked as the worst in the country. Last week, the RI Department of Labor and Training released the state's unemployment rate from November (9.0%), which was down slightly from October (9.2%), but still ranked as the highest in the nation (tied with Nevada).  The National Unemployment rate for the month of November was 7.0 percent .  

But new data shows that over the past few years, Rhode Island's employment rate has been lagging much of the country and for a long period of time.

According to State officials in Rhode Island, the number of unemployed RI residents—those residents classified as available for and actively seeking employment—was 49,500, down 900 from the previous month. Over the year, the number of unemployed dropped by 6,600.

Employment Trends are among the worst in US

According to data released by the Pew Charitable Trusts, the Ocean State has shown a drop of 5.7 percentage points in its employment rate since 2007, ranking as 7th worst in the nation for adults aged 25-54.

In 2007, 82.5 percent of Rhode Islanders in that demographic were employed; and as of Fiscal Year 2013, that number dropped to 76.8 percent. While no U.S. States showed employment gains in that span, Rhode Island was only New England state to drop by more than five percent.

The lack of improvement in the unemployment rate and as the Pew study shows Rhode Island has had very significant decline in the percentage employed.

Attempts to reach the Office of Governor Lincoln Chafee, and the Rhode Island Department of Labor and Training and for comment were unsuccessful.

See how the employment market for each of New England's states have fared in the slides below:


Related Slideshow:
Pew Research: New England Employment Figures From FY2007 to FY2013

While unemployment figures receive more media attention, the employment rate is a preferred index for many economists because it provides a sharper picture of changes in the labor market. The unemployment rate, for example, fails to count workers who stopped looking for a job. By focusing on 25- to 54-year-olds, trends are less distorted by demographic effects such as older and younger workers’ choices regarding retirement or full-time education.

Below are the employment rates in FY2007 and FY2013 for New England states as referenced by the Pew Charitable Trust's "Fiscal 50: State Trends and Analysis" Report, ranked from best to worst.

Prev Next

#1 Vermont

CY2007 Employment-population ratio: 83.5%

FY2013 Employment-population ratio: 82.6%

Percentage point change, CY2007-FY2013: -0.9

Statistical significance of percentage point change, CY2007-FY2013: not significant

Prev Next

#2 New Hampshire

CY2007 Employment-population ratio: 85.1%

FY2013 Employment-population ratio: 82.4%

Percentage point change, CY2007-FY2013: -2.7

Statistical significance of percentage point change, CY2007-FY2013: not significant

Prev Next

#3 Massachusetts

CY2007 Employment-population ratio: 80.3%

FY2013 Employment-population ratio: 79.1%

Percentage point change, CY2007-FY2013: -1.3

Statistical significance of percentage point change, CY2007-FY2013: not significant

Prev Next

#4 Connecticut

CY2007 Employment-population ratio: 81.8%

FY2013 Employment-population ratio: 77.1%

Percentage point change, CY2007-FY2013: -4.8

Statistical significance of percentage point change, CY2007-FY2013: significant

Prev Next

#5 Rhode Island

CY2007 Employment-population ratio: 82.5%

FY2013 Employment-population ratio: 76.8%

Percentage point change, CY2007-FY2013: -5.7

Statistical significance of percentage point change, CY2007-FY2013: significant

Prev Next

#6 Maine

CY2007 Employment-population ratio: 81.3%

FY2013 Employment-population ratio: 76.6%

Percentage point change, CY2007-FY2013: -4.6

Statistical significance of percentage point change, CY2007-FY2013: significant

Prev Next

United States Average

CY2007 Employment-population ratio: 79.9%

FY2013 Employment-population ratio: 75.9%

Percentage point change, CY2007-FY2013: -4.1

Statistical significance of percentage point change, CY2007-FY2013: significant

 
 

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Comments:

Patrick Boyd

That's okay, increasing commercial electrical rates nearly 25% and residential rates 12% will surely bring in business and workers!
It's all good...........

Killary Klinton

"Great Recession"?

More Organizing for Obama lies.

FDR extended the Great Depression with his government intervention and Barry is doing the same thing with his stimulus, stimulus part two, obamacare and the printing of money. The unemployment numbers are just one sign of the destruction of Democrat policies and how they hide the truth.

Progressive policies from Wilson through Obama is going to ruin what once was a great Republic. Read American history, true American history before the liberals rewrote it.

KK

Remember when Nancy Pelosi and Harry Reed said 4.5% unemployment was unacceptable under Bush?

pearl fanch

How is this news??? Whenever anyone looks into the REAL numbers about anything that is reported, it will always be worse.
Lets get the REAL numbers on welfare fraud.
Lets get the REAL numbers on disability fraud.
Lets get the REAL numbers on illegal immigration.
Lets get the REAL numbers on voter fraud.

The level of corruption in this state is legendary. Yet the REAL numbers would make us look even worse. THIS is the state that we live in.

Julie DeMelo

I rarely make time to comment especially about news, but I must say these comments so far are great! Just remember, if you are diligently looking for another career or an opportunity to work in RI. it's not your fault that the jobs are not being created. Companies are in business to MAKE money, not employ people, pay unemployment insurance,
etc. People would probably do better looking for work outside RI. It won't improve much until the leaders of this state MAKE it happen! Sad, but true.

Julie DeMelo

I rarely make time to comment especially about news, but I must say these comments so far are great! Just remember, if you are diligently looking for another career or an opportunity to work in RI. it's not your fault that the jobs are not being created. Companies are in business to MAKE money, not employ people, pay unemployment insurance,
etc. People would probably do better looking for work outside RI. It won't improve much until the leaders of this state MAKE it happen! Sad, but true.

Art West

Julie, you're right. And it's the educated young people who are not tied down with family or homes who leave -- the very people we need to lend their talents and energy in creating a robust economy.

But you are wrong about the leaders taking initiative. The status quo WORKS for them and the crony system they have created. The public sector (which lives off the private sector) is thriving. Real improvement can only come when enough CITIZENS vote to get rid of the status quo.

Julie DeMelo

I am not a violent person therefore getting rid of the status quo will have to happen due to natural causes. Age is just a number, anyone can bring change to the table. A robust economy, I remember that.I do realize exactly what you ARE saying about the crony system and know plenty of people who are thriving in IT. Civic duties, citizens actually voting! Thank you for your reply Art. There is always hope...

Jon Polis

" All one has to do is go: http://www.bls.gov/news.release/empsit.t15.htmto see that the REAL U.S. (U6) UNEMPLOYMENT RATE FOR NOVEMBER 2013 IS THIRTEEN POINT TWO PER CENT... (13.2%)…
OR….go to: http://www.bls.gov/lau/stalt.htm RI U6 Unemployment rate...THIRD QUARTER (JULY-SEPTEMBER) 2013; FIFTEEN POINT EIGHT PER CENT... (15.8%)…However….even these numbers do not (1) count those individuals who dropped out of the Labor Force after one (1) year and (2) do not include those of the unemployed who went onto
The Social Security Disability Insurance Program (Like I had to....) The real number is probably up somewhere
around TWENTY-FIVE PER CENT (25%) "….

joe pregiato

BINGO. I commented on a GoLocal article a few days ago about people who drop out of the labor force a few days ago. This is what I said,....This is an amazing little article which shows, but does not explain the problem: How could these two sentences be in one article without an explanation? 1)"Over the year, the number of those unemployed in the Ocean State dropped by 6,600." AND 2), "Over the year, the number of employed RI residents decreased by 5,400 from this time last year."???. Well if GoLOcal won't explain, I will; The number of people who DROPPED out of the labor market and GAVE UP looking, are NOT counted anymore as seeking employment! No wonder the RI employment rate fell from 10% to 9% while FEWER people are employed!!....It's like saying we would have the healthiest state in the union, if all the sick people died.

joe pregiato

RI should take a tip from that Seinfeld episode when George's life is miserable, so Jerry says, "If what you are doing is turning out wrong, just do the OPPOSITE of what you would normally do". Needless to say, George's life completely turns around.

Chris MacWilliams

RI voters are too stupid for words...

JOJO MONKEY

blue state = poor state..go ahead you stupid fools,keep electing those liberal,progressive democrats! KEEP RHODE ISLAND A BASKET CASE!

Stephen Maciel

Uh, Merry Christmas?

Joyce Bryant

Merry Christmas to all, and to all VOTE DEM OUT!

Michael Trenn

Merry Christmas to all. How do you get a handle on unemployment in the state when you have a Governor whose only "real" job was shoeing horses in Canada ( he was there illegally) and a Labor Dirctor who does not even have that much experience?




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