Rhode Island's unemployment rate for May ticks up a bit
CRANSTON — The Rhode Island Department of Labor and Training announced Thursday, June 20, the state’s seasonally adjusted unemployment rate for May 2013 rose to 8.9 percent, up one-tenth of a percentage point from the April 2013 rate and down 1.7 percentage points from the May 2012 rate.
This represents the first over-the-month increase in the state’s unemployment rate since July 2011.
The U.S. unemployment rate was 7.6 percent in May 2013, up one-tenth of a percentage point from the previous month and down six-tenths of a percentage point over the year.
The number of unemployed R.I. residents—those residents classified as available for and actively seeking employment—was 49,600, up 200 from the April figure of 49,400. This represents the first over-the-month increase since May 2012. Over the year, the number of unemployed dropped by 9,600.
The number of employed R.I. residents was up 400 over the April figure, increasing to 509,300 in May. This is the largest number of employed since February 2009. Over the year, the number of employed R.I. residents increased 9,100 from May 2012.
The R.I. labor force totaled 558,900 in May 2013, up 600 from April 2013 and down 500 from May 2012.