Overall unemployment rate moved down to 8.0% with the biggest shift in Education & Healthcare, which gained 2,600 roles, based on the most recently available information published in April 2021.
Total employment in the Providence-Warwick, RI-MA market rose by 238 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 8.0%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Providence-Warwick, RI-MA unemployment rate is 145 bps above the national rate which is a negative sign.
- Unemployment in the market is 390 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 119,600; +2,600
- Transportation & Utilities: 97,400; -400
- Government: 73,200; +500
- Business Services: 68,500; +400
- Manufacturing: 48,500; +600
- Restaurants & Hotels: 47,300; +1,000
- Financial Services: 36,300; no change
- Construction, Mining: 23,200; -600
- Other Jobs: 23,200; +200
- IT & Development: 5,900; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.