For the first time in years, Rhode Island’s unemployment rate is out of the bottom three for the nation, down to 9.4%. Once again, however, the Ocean State’s “improvement” hinges on a loss of people in the labor force. The first chart below shows that, while employment edged up in February, the total labor force […]
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ELIMINATE THE STATE SALES TAX TO CREATE JOBS: The RI Center for Freedom & Prosperity proposes the elimination of Rhode Island’s sales tax as a means of high-impact economic development. Our RI-STAMP economic model suggests that the loss in state revenue would not be as large as static projections might suggest and would be well worth the boon to Rhode Islanders across the state.
With the help of a revision in the way the U.S. Bureau of Labor Statistics (BLS) calculates its results, Rhode Island’s unemployment rate fell below the 10% barrier in December for the first time in years. And with the help of people giving up their quest for work, it notched down to 9.8% in January. […]
Rhode Island’s unemployment rate renewed its incremental decline, to 10.2% in December, although the rate of its employment increase continued at the more-moderated results seen in November. In the two months prior to the election, Rhode Island’s employment growth was unusually strong. The first chart below shows that both labor force and employment continued to […]
National employment numbers mostly show stagnation with an unusual jump before the election. Now revisions and changes in methodology will make it impossible to keep up the running analysis.
Rhode Island’s unemployment rate held at 10.4%, still second-worst in the country, and its unusual employment increases of September and October seem to be abating.
Two years in a row, Rhode Island has been one of two states losing population; worse, it’s the only state that made the list both times.
In an article that amounted to a promotional advertisement for Rhode Island’s state-run health benefits exchange, the Providence Journal ignored myriad newsworthy questions plaguing the exchanges nationwide.
Rhode Island’s state and local public sector workers enjoy pay and benefit premiums well beyond their private-sector neighbors, even in comparison with New England and the U.S. Comparisons with MA and CT suggest that government workers should be leading the charge for reforms allowing the private sector to grow.
Rhode Island’s unemployment rate fell one tenth of a point in October, to 10.4%, still second worst in the nation, after Nevada. However, for the second month in a row, the Ocean State led the nation in actual employment increase. While the data offers an encouraging picture, the boom in jobs over the past two months has been so historically large that it ought to be treated with caution until other economic indicators begin to substantiate the results.