Overall unemployment rate moved up to 5.7% with the biggest shift in Restaurants & Hotels, which gained 7,000 roles, based on the most recently available information published in July 2021.
Total employment in the Providence-Warwick, RI-MA market rose by 1,450 jobs in June and the unemployment rate increased compared to the prior month by 30 bps to 5.7%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Providence-Warwick, RI-MA unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 580 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 0.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Education & Healthcare: 117,900; -1,700
- Transportation & Utilities: 99,900; +2,500
- Government: 73,700; -500
- Business Services: 71,600; -1,000
- Restaurants & Hotels: 64,600; +7,000
- Manufacturing: 50,800; +800
- Financial Services: 37,500; +500
- Construction, Mining: 28,400; +800
- Other Jobs: 24,500; +300
- IT & Development: 6,000; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.