RI Unemployment Rate Rises

     Rhode Island's unemployment rate rose to 10.8 percent this past month, up from 10.5 percent in November. For the past two months, the unemployment rate has risen. However, the December 2011 rate was down from December 2010, when 11.5 percent of Rhode Islanders didn't have work.

     The U.S. unemployment rate was 8.5 percent in December, down from 8.7 percent the previous month and down from 9.4 percent in December 2010.

     RI-based jobs dropped 600 over the month—the fifth consecutive over-the-month decreased.
The number of unemployed RI residents—those residents classified as available for and actively seeking employment—increased by 1,600 over the November figures, rising to 60,800 in December, the highest level since July 2011. Over the year, the number of unemployed RI residents dropped by 5,400.

     The number of employed RI residents was unchanged over the November figures, remaining at 503,400 in December. Over the year, the number of employed RI residents was down 7,700 from December 2010.