Overall unemployment rate moved up to 6.0% with the biggest shift in Government, which lost 1,000 roles, based on the most recently available information published in September 2021.
Total employment in the Providence-Warwick, RI-MA market declined by 4,421 jobs in August and the unemployment rate increased compared to the prior month by 10 bps to 6.0%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Providence-Warwick, RI-MA unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 590 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Education & Healthcare: 117,800; +100
- Transportation & Utilities: 98,400; -900
- Business Services: 72,700; +100
- Government: 69,600; -1,000
- Restaurants & Hotels: 69,100; +900
- Manufacturing: 51,100; -400
- Financial Services: 37,500; +100
- Construction, Mining: 28,400; +200
- Other Jobs: 25,300; +500
- IT & Development: 6,300; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.