RI Unemployment Holds Firm at 10.8%

Taken from a release by the RI Department of Labor and Training:

Unemployment Rate Remains at 10.8 Percent

The RI Department of Labor and Training announced today that the state's seasonally adjusted unemployment rate for July 2011 was 10.8 percent, unchanged from the previous month and down eight-tenths of a percentage point from July 2010.

The U.S. unemployment rate was 9.1 percent in July, down one-tenth of a percentage point from the previous month and down four-tenths of percentage point from July 2010.

The number of unemployed RI residents-those residents classified as available for and actively seeking employment-decreased by 200 over the June figures, falling to 61,100 in July, the 16th consecutive over-the-month decline. Over the year, the number of unemployed RI residents dropped by 5,600, a decrease of 8.4 percent.

The number of employed RI residents decreased 2,700 over the June figures, totaling 503,200 in July. Over the year, the number of employed RI residents was down 6,500 from July 2010.
The Rhode Island labor force totaled 564,400 in July 2011, down 2,900 from June and down 12,000 from July 2010 estimates. The over-the-month decrease in the number of unemployed residents, combined with the decrease in the number of employed residents, caused the July labor force to drop to its lowest level since April 2009.