Overall unemployment rate moved down to 4.3% with the biggest shift in Restaurants & Hotels, which lost 2,200 roles, based on the most recently available information published in December 2021.
Total employment in the Providence-Warwick, RI-MA market rose by 8,450 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 4.3%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Providence-Warwick, RI-MA unemployment rate is 41 bps above the national rate which is a negative sign.
- Unemployment in the market is 340 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 121,400; no change
- Transportation & Utilities: 102,600; +2,000
- Government: 75,500; +300
- Business Services: 74,000; +1,300
- Restaurants & Hotels: 58,900; -2,200
- Manufacturing: 51,000; -100
- Financial Services: 36,700; -100
- Construction, Mining: 27,800; no change
- Other Jobs: 24,700; no change
- IT & Development: 6,300; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.