Rhode Island’s unemployment rate fell again, down to 9.1%. If that’s good news, however, then the state’s strategy must really be to get people to give up on ever finding work.
The first chart below shows that employment slid a little, creating a trend mainly of stagnation. But it appears that the bottom may be falling out from under the total labor force (those either employed or looking for work). But for the decrease in the number of people looking for work, Rhode Island still wouldn’t be able to claim to be out of the worst three states for unemployment.
The second chart shows that the Ocean State still has a long way to go to reach its January 2007 level of employment, and once again remains well behind Massachusetts and Connecticut, although Connecticut has been closing the gap through its own downslide.