Overall unemployment rate moved down to 3.8% with the biggest shift in Transportation & Utilities, which gained 2,200 roles, based on the most recently available information published in February 2022.
Total employment in the Providence-Warwick, RI-MA market declined by 3,206 jobs in December and the unemployment rate decreased compared to the prior month by 50 bps to 3.8%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Providence-Warwick, RI-MA unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 390 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 0.6% and are down 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: 121,300; -200
- Transportation & Utilities: 104,900; +2,200
- Government: 75,500; no change
- Business Services: 72,000; -1,800
- Restaurants & Hotels: 59,200; -100
- Manufacturing: 51,700; +400
- Financial Services: 36,900; +100
- Construction, Mining: 26,300; -1,300
- Other Jobs: 24,800; +100
- IT & Development: 6,300; +100
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.