Unemployment Hits New High: 13 Percent

The jobless rate in Rhode Island is now at an unlucky 13 percent. According to The Providence Journal report, we can expect many more months of this kind of news. Only one sector gained jobs:

Only one sector of the Rhode Island economy experienced an increase in jobs last month. Government gained 1,100 jobs, with the bulk of the increase coming in local education positions, according to the jobs report. Powell cautioned that the increase may only be due to school districts hiring back teachers who received layoff notices during the spring budget process.

Hardest hit was the accommodation and food services sector, with 1,000 job losses in September, much of it related to a decline in tourism. For more on how tourism affects the overall state economy, click here.


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