On the July 2018 Jobs & Opportunity Index (JOI), Rhode Island remains in 47th place in the country.

Jobs & Opportunity Index (JOI), July 2018: Quiet Month in Search of a Boom

July found Rhode Island still in 47th place on the RI Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI). Of the seven (of 12) datapoints that were updated for the June report, only one was not from the Bureau of Labor Statistics jobs and employment research. Medicaid enrollment was also the only negative marker.

Employment was up from the first-reported number for June by 1,784, while labor force was up 1,082. The larger growth of employment than labor force translated into a drop of the unemployment rate to 4.2%. RI-based jobs increased by 1,400. Also positive were the three alternative measures of employment included in the index. The number of Rhode Islanders who say that they have been unemployed for more than 15 weeks was down by 400 since number last reported. Those saying that they are working part time, but would rather work full time, were down by 1,300. Meanwhile, those who consider themselves “marginally attached” to the labor force held at 4,200. One slightly negative note came with Medicaid enrollment, which increased 197.

Given the improvements in the alternative employment measures, along with the growing labor force, Rhode Island’s rank on the Job Outlook Factor improved from 22nd to 17th. This factor measures Rhode Islanders’ feeling about whether work is available and counts less than the other two factors.

The first chart shows RI still in the last position in New England, 47th in the country. New Hampshire still leads the region, with 3rd place, nationally. Maine slipped two spots, from 15th to 17th, while Vermont remained 21st. Likewise, Massachusetts fell from 34th to 35th, while Connecticut remained 37th.

The second chart shows the gap between RI and New England and the United States on JOI. The third chart shows the gaps in the official unemployment rate.

Results for the three underlying JOI factors were:

  • Job Outlook Factor (optimism that adequate work is available): RI climbed five spots to 17th.
  • Freedom Factor (the level of work against reliance on welfare programs): RI remained 41st.
  • Prosperity Factor (the financial motivation of income versus taxes): RI remained 47th.

Click here for the corresponding employment post on the Ocean State Current.

Media Release: Jobs & Opportunity Index June 2018

Jobs & Opportunity Index (47th in JOI) Employment Without Profit June 2018

Providence, RI – Once again, Rhode Island’s positive numbers related to employment weren’t enough to get the Ocean State out of 47th place on the RI Center for Freedom & Prosperity‘s Jobs & Opportunity Index (JOI). However, the Freedom Factor, which gauges Rhode Islanders’ employment against reliance on welfare, did improve by one spot, to 41st.
Overall, seven of the 12 data points of the index changed for this iteration. However, data for SNAP (food stamps) has still not changed for Rhode Island since January 2017, owing to the failure of the Unified Health Infrastructure Project (UHIP) to work as advertised.
 
“In this month’s report, we are greatly concerned that, despite increased employment, Rhode Islanders’ personal income number is actually down by $307 million,” said the Center’s research director, Justin Katz. “That state and local taxes still managed to increase by $53 million is an additional red flag.”
Despite an improvement in rank on the Freedom Index, Rhode Island’s JOI number lost ground against the  U.S. average and is even farther behind the average for New England.
Additional charts and details of each of JOI’s three sub-factors can be  viewed here.
Jobs & Opportunity Index June 2018

Jobs & Opportunity Index (JOI), June 2018: Employment Without Profit

Rhode Island’s 47th place ranking on the Rhode Island Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI) remains intact. However, of the seven (of 12) datapoints that were updated for the June report, only the three related to Bureau of Labor Statistics jobs and employment research were positive. Additionally, SNAP (foodstamp) data remains unchanged for Rhode Island because of “system reporting issues” since January 2017.

On the positive side, employment was up from the first-reported number for May by 1,631, while labor force was up 860. The larger growth of employment than labor force translated into a drop of the unemployment rate to 4.3%. RI-based jobs increased by 2,100.

On the negative side, Medicaid enrollment increased 956. Annualized personal income (including investments) fell $307 million, while state and local taxes increased $53 million. Rhode Islnad was one of only four states to see personal income actually fall with the latest report.

These discouraging results, however, were not enough to bring down any sub-index rankings, and the Freedom Factor went up (see below).

The first chart shows RI still in the last position in New England, 47th on the in the country on the Jobs & Opportunity Index June 2018. New Hampshire still leads the region, but fell to 3rd place, nationally, with Utah joining Wyoming in the top 2. Every other New England state held steady, with Maine at 15th, Vermont at 21st, Massachusetts at 34th, and Connecticut at 37th.

Jobs & Opportunity Index June 2018

The second chart shows the gap between RI and New England and the United States on JOI. The third chart shows the gaps in the official unemployment rate. In all cases, the Ocean State lost ground.

Jobs & Opportunity Index June 2018

Results for the three underlying JOI factors were:

  • Job Outlook Factor (optimism that adequate work is available): RI remained 22nd.
  • Freedom Factor (the level of work against reliance on welfare programs): RI improved one place,
    to 41st.
  • Prosperity Factor (the financial motivation of income versus taxes): RI remained 47th.

Click here for the corresponding employment post on the Ocean State Current.

Jobs & Opportunity Index (JOI), May 2018: What There Is Is Positive

Although Rhode Island remained in 47th place on the RI Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI), the four (of 12) datapoints that were updated for the May report were positive. Unfortunately, one datapoint was not updated for Rhode Island even though it was updated for every other state. The latest SNAP (foodstamp) table from the federal Food and Nutrition Service added a new footnote highlighting that “system reporting issues” have meant no new RI numbers since January 2017.

Turning to the numbers that are available: Employment was up from the first-reported number for April, by 1,489, while labor force was up 1,117. RI-based jobs increased, as well, by 1,000. Medicaid enrollment improved from the previously reported number, with a decrease of 1,281.

The first chart right shows RI still in the last position in New England, 47th in the country. Regional leader New Hampshire is still in 2nd place, nationally, behind Wyoming. Maine made progress toward the nation’s top 10, up two steps to 15th, while Vermont remained in 21st place. Massachusetts managed to return to the 34th slot that it had lost last month. Meanwhile, Connecticut held on to 37th.

Rhode Island remained in 47th place on the Jobs & Opportunity Index May 2018. Unfortunately, one datapoint was not updated for Rhode Island even though it was updated for every other state. The latest SNAP (foodstamp) table added a new footnote highlighting that “system reporting issues” have meant no new RI numbers.

The second chart shows the gap between RI and New England and the United States on Jobs & Opportunity Index May 2018. In both cases, the Ocean State gained a little ground. The same was true of the official unemployment rate, shown in the third chart.

Rhode Island remained in 47th place on the Jobs & Opportunity Index May 2018. Unfortunately, one datapoint was not updated for Rhode Island even though it was updated for every other state. The latest SNAP (foodstamp) table added a new footnote highlighting that “system reporting issues” have meant no new RI numbers.

Rhode Island remained in 47th place on the Jobs & Opportunity Index May 2018. Unfortunately, one datapoint was not updated for Rhode Island even though it was updated for every other state. The latest SNAP (foodstamp) table added a new footnote highlighting that “system reporting issues” have meant no new RI numbers.

Results for the three underlying Jobs & Opportunity Index May 2018 factors were:

  • Job Outlook Factor (optimism that adequate work is available): RI improved one place, to 22nd.
  • Freedom Factor (the level of work against reliance on welfare programs): RI remained 42nd.
  • Prosperity Factor (the financial motivation of income versus taxes): RI remained 47th.

Click here for the corresponding employment post on the Ocean State Current.

Despite some positive numbers, Rhode Island couldn’t shake its 47th place ranking on the Rhode Island Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI) in April 2018

Jobs & Opportunity Index (JOI), April 2018: The Bottom of the Rising Tide

Despite some positive numbers, Rhode Island couldn’t shake its 47th place ranking on the Rhode Island Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI) in April 2018, and even slipped on one of the three subfactors of the index. On the Job Outlook Factor, which gauges Rhode Islanders’ optimism about job opportunities, the Ocean State fell five spots, to 22nd in the country. Overall, eight of the 12 data points of the index changed for this iteration.

Employment was up from the first-reported number for March, by 975, while labor force was up 842. RI-based jobs increased, as well, by 1,000. Medicaid enrollment improved from the previously reported number, with a decrease of 907, while SNAP (food stamps) showed no change. (Reporting problems related to the Unified Health Infrastructure Project may be an issue, here.)

Alternative measures of unemployment were also updated. Long-term unemployment (15 weeks or more) fell a little, by 200 people, while significantly fewer people (1,300) say they are involuntarily working only part time. Another 800 Rhode Islanders say they are “marginally attached,” meaning that they would potentially like to work, although the data does not indicate whether this change of attitude represents a move toward or away from job searches.

The first chart at shows RI still in the last position in New England, 47th in the country. Regional leader New Hampshire is still in 2nd place, nationally, behind Wyoming. Maine and Vermont remained in place, at 17th and 21st, respectively. Again, Massachusetts fell one, to 35th, while Connecticut held on to 37th.

The second chart shows the gap between RI and New England and the United States on JOI. In both cases, the Ocean State lost a little ground. The same was true of the official unemployment rate, shown in the third chart.

Results for the three underlying JOI factors were:

  • Job Outlook Factor (optimism that adequate work is available): RI fell five slots to 23rd.
  • Freedom Factor (the level of work against reliance on welfare programs): RI remained 42nd.
  • Prosperity Factor (the financial motivation of income versus taxes): RI remained 47th.
Rhode Island’s ranking on the Jobs & Opportunity Index (JOI) held at 47th for March 2018, but one of the three subfactors of the index worsened. On the Freedom Factor, which measures employment and jobs against welfare enrollment, Rhode Island fell one spot to 42nd in the country.

Jobs & Opportunity Index (JOI), March 2018: A Slip in the Freedom Factor

Rhode Island’s ranking on the Rhode Island Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI) held at 47th for March 2018, but one of the three subfactors of the index worsened. On the Freedom Factor, which measures employment and jobs against welfare enrollment, Rhode Island fell one spot to 42nd in the country. Six of the 12 datapoints of the index changed for this iteration.

Employment was up from the first-reported number for February, by 737, while labor force was up 677. RI-based jobs, however, decreased by 600. Medicaid enrollment improved a little from the previously reported number, with a decrease of 103, but SNAP (food stamps) more than made up for the difference, jumping about 2%, or 3,300 enrollees, perhaps for reasons having to do with the state’s problematic Unified Health Infrastructure Project (UHIP).

Meanwhile, federal taxation in Rhode Island was up some $310 million, or 2%.

The first chart shows Rhode Island still in the last position in New England, 47th in the country. Regional leader New Hampshire is still in 2nd place, nationally, behind Wyoming. Maine improved one spot, to 18th, while Vermont slipped one, to 21st. Massachusetts also fell one, to 34th, while Connecticut jumped six places forward, to 37th, leaving RI alone as a New England state in the bottom 10, nationally. (CT’s story may not be a good one; almost every datapoint was negative, except gross federal income taxes, which dropped 8.5%.)

The second chart shows the gap between RI and New England and the United States on JOI. In both cases, the Ocean State lost a little ground. On the official unemployment rate, RI saw the opposite trend, closing the gaps modestly.

Results for the three underlying JOI factors were:

  • Job Outlook Factor (optimism that adequate work is available): RI held on to 18th.
  • Freedom Factor (the level of work against reliance on welfare programs): RI dropped to 42nd.
  • Prosperity Factor (the financial motivation of income versus taxes): RI remained 47th.
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In February 2018, Rhode Island’s ranking on the RI Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI) moved not at all, remaining 47th. Although six of the seven datapoints that changed for this iteration were positive, they were apparently driven by national trends that affected other states, as well.

Jobs & Opportunity Index (JOI), February 2018 Slow and Steady Stays in Place

As 2018 got its footing in February, Rhode Island’s ranking on the RI Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI) moved not at all, remaining 47th. Although six of the seven datapoints that changed for this iteration were positive, they were apparently driven by national trends that affected other states, as well. Rhode Island’s relative position therefore stayed the same.

Employment was up from the first-reported number for January, by 528, while labor force was up 738. RI-based jobs increased by 1,200. SNAP (food stamps) also improved, with a reduction of 4,288 enrollees, although complications with the state’s Unified Health Infrastructure Project (UHIP) may be affecting this datapoint for technical reasons unrelated to the economy.

Total personal income in Rhode Island (including various forms of investment) increased 1.95%, or $852 million. However, total state and local taxation increased 2.11%, or $69 million.

The first chart shows Rhode Island still in the last position in New England, 47th in the country. Regional leader New Hampshire is still in 2nd place, nationally, behind Wyoming, and Maine held its 18th position. Vermont regained the spot it lost last month, returning to 20th. Massachusetts held on to its position of 33rd, while Connecticut’s descent paused at 43rd.

The second chart shows the gap between RI and New England and the United States on JOI. In both cases, the Ocean State closed the gap a little. On the official unemployment rate, RI again lost ground against both regions.

Results for the three underlying JOI factors were:

  • Job Outlook Factor (optimism that adequate work is available): RI held on to 18th.
  • Freedom Factor (the level of work against reliance on welfare programs): RI remained 41st.
  • Prosperity Factor (the financial motivation of income versus taxes): RI remained 47th.
The new year did not bring any change in Rhode Island’s ranking of 47th place on the RI Center for Freedom & Prosperity’s January 2018 Jobs & Opportunity Index (JOI). The five of 12 datapoints that changed for this iteration split between positive and negative developments.

Jobs & Opportunity Index (JOI), January 2018: Year Not Off to an Auspicious Start

The year 2018 did not bring any change in Rhode Island’s ranking of 47th place on the RI Center for Freedom & Prosperity’s Jobs & Opportunity Index (JOI). The five of 12 datapoints that changed for this iteration split between positive and negative developments.

Employment was up from the revised number for December, by 330, while labor force was up 334. RI-based jobs increased, from their pre-revision number, by 400. Medicaid enrollment worsened, however, adding 2,380 enrollees, while SNAP (food stamps) also increased,
by 804.

The first chart shows Rhode Island still in the last position in New England, 47th in the country. Regional leader New Hampshire is still in 2nd place, nationally, behind Wyoming. At 18th, Maine remains ahead of Vermont, which slipped a spot, to 21st. Massachusetts held on to its position of 33rd, while Connecticut fell one spot again, to 43rd.

January 2018 Jobs & Opportunity Index Race To First

The second chart shows the gap between RI and New England and the United States on JOI. In both cases, The Ocean State gained slightly on the U.S. average but slipped slightly against New England. On the official unemployment rate, RI lost ground against both regions.

2018 Jobs & Opportunity Index New England And US

2018 Jobs & Opportunity Index New England And US Unemployment

Results for the three underlying JOI factors were:

  • Job Outlook Factor (optimism that adequate work is available): RI held on to 18th.
  • Freedom Factor (the level of work against reliance on welfare programs): RI remained 41st.
  • Prosperity Factor (the financial motivation of income versus taxes): RI remained 47th.

Trump Was Right. Unemployment Rate Masks RI’s Deteriorating Employment Market. Real Unemployment Rate 12.4%?

FOR IMMEDIATE RELEASE: March 15, 2017

Unemployment Rate Would be 12.4% if Labor Force Matched Nation

Inadequacy of Unemployment Rate Clouding Political Discourse
Deteriorating Labor Force Produces Positive Rate?

Providence, RI — Donald Trump may have been correct in his skepticism of apparently positive national unemployment rate news during the 2016 Presidential Campaign. As the RI Center for Freedom & Prosperity has long argued, and once again backed by the latest employment data, negative declines in the state’s labor force have led to positive improvements in Rhode Island’s official unemployment rate. Yet, a broader look employment actually shows that the Ocean State remains mired as the third-worst state nationally on the Center’s January Jobs & Opportunity Index (JOI).

Labor Force Change RIDespite boasts of a strengthening state economy based on its January unemployment rate of 4.7%, a closer look at the data reveals a major underlying problem that is often overlooked: Since 2007 U.S. employment and labor force participation has risen by 4-5%, while Rhode Island saw an opposite decrease by 4-5% in these same categories over the same time period.

“It is not a positive when our state’s decreased unemployment rate is almost entirely due to policies that are driving our labor force out of state,” warned Justin Katz, research director for the Center. “If our state’s labor force instead had increased at the same rate as the nation, our unemployment rate would be a whopping 12.4%.”

JOI takes a broader look at employment and prosperity than does the narrowly-defined unemployment rate. JOI makes it clear that meaningful long-term work and high-paying jobs, which are vital to individual dignity and family self-sufficiency, are not in high supply in Rhode Island as compared with other states. A more detailed analysis of the January data by Katz, specifically on employment and jobs, can be found on The Ocean State Current, the Center’s journalism and blog website.

Despite its weak national ranking remaining unchanged, the state’s raw JOI score improved slightly in January to 19.0 on a scale of 0-100 from its December score of 17.9. Findings from another national study, the Family Prosperity Index (FPI), where Rhode Island ranked 43rd overall in “economics” and 44th and last in New England in “entrepreneurship”, tend support JOI’s stagnant rankings as opposed to the unemployment rate rank.

Of the three factors that make up the January JOI, the Ocean State ranks:

  • 35th on the Job Outlook Factor (measuring optimism that adequate work is available): UP four slots from last month’s rankings
  • 41st on the Freedom Factor (measuring the level of work against reliance on welfare programs): DOWN two slots from last month
  • 46th Prosperity Factor (measuring the financial motivation of income versus taxes): NO CHANGE from last month

Rhode Island’s poor JOI and FPI rankings are personified by Robert Martinez, a US Navy veteran, who fought a losing battle against oppressive local government regulations and a statewide hostile business climate that has derailed his dream of forging a better quality of life for himself by developing a successful mobile food vendor business.

The Center’s monthly JOI report is based on state and local tax collection data from a a variety of federal agencies including the U.S. Census and on income data from the Bureau of Economic Analysis (BEA).

Rhode Island has not gained ground on the national JOI metric, remaining – as it has for years – in the bottom five among all states. JOI is a broader and more accurate measure of employment and well-being than the traditionally cited and highly narrow unemployment rate, which has fluctuated more dramatically in recent years for Rhode Island, but which is not an accurate barometer of economic growth or family prosperity.

Supporting the findings of the JOI metric, Rhode Island also ranks 48th in 2016 the Family Prosperity Index, the broadest national measure of family well-being.

For the JOI homepage, click here.
For a description of JOI and its three sub-factors, click here.

New: JOBS & OPPORTUNITY INDEX – RI’s Score Drops; Still Mired in 48th Place

FOR IMMEDIATE RELEASE:
November 21, 2016

Rhode Island loses ground, based on lag in long-term employment security

Providence, RI — Despite October data that showed an end to a two month job-loss skid and a slight improvement in its unemployment rate, Rhode Island actually lost ground and is still mired in 48th place by a broader measurement of overall employment opportunity. This according to the RI Center for Freedom & Prosperity which noted today that relative long-term unemployment security concerns dropped the state’s total score, keeping the Ocean State stuck with the 48th rank nationally in the Center’s October Jobs & Opportunity Index (JOI).

The state’s weak JOI score (which dropped in October to 17.5 on a scale of 0-100 from its September score of 17.9) parallel findings from another national study, the Family Prosperity Index (FPI), where it ranks 43rd overall in “economics” and 44th and last in New England in the sub-category of “entrepreneurship”, which can be largely attributed to an overly-burdensome governmental regulatory regime.

Rhode Island’s poor JOI and FPI rankings are personified by Robert Martinez, a US Navy veteran, who fought a losing battle against oppressive local government regulations and a statewide hostile business climate that has derailed his dream of forging a better quality of life for himself by developing a successful mobile food vendor business.

“The notion that a falling unemployment rate is indicative of improved job prospects and financial security is false,” commented Justin Katz, research director for the Center. “Meaningful long-term work and high-paying jobs that are vital to individual dignity and family self-sufficiency are not in high supply in Rhode Island as compared with other states.”

A more detailed analysis of the October data can be found on The Ocean State Current, the Center’s journalism and blog website.

Of the three factors that make up JOI, the Ocean State ranks:
  • 39th on the Job Outlook Factor (measuring optimism that adequate work is available): a drop of 3 spots from last month.
  • 39th on the Freedom Factor (measuring the level of work against reliance on welfare programs): no change from last month
  • 47th Prosperity Factor (measuring the financial motivation of income versus taxes): no change from last month

The Center’s monthly JOI report is based on state and local tax collection data from a a variety of federal agencies including the U.S. Census and on income data from the Bureau of Economic Analysis (BEA).

Rhode Island has not gained ground on the national JOI metric, remaining – as it has for years – in the bottom five among all states. JOI is a broader and more accurate measure of employment and well-being than the traditionally cited and highly narrow unemployment rate, which has fluctuated more dramatically in recent years for Rhode Island, but which is not an accurate barometer of economic growth or family prosperity.

Supporting the findings of the JOI metric, Rhode Island also ranks 48th in the Family Prosperity Index, the broadest national measure of family well-being.

For the JOI homepage, click here

For a description of JOI and its three sub-factors, click here.