All Things Recruiting & Employment

Home | Jobs | Free Resume Builder | Recruiting News | Outplacement Services | NYC jobs | Audio jobs

Saturday, September 06, 2008


Rhode Island Job Growth is Worst in the Nation

Rhode Island job seekers may have a difficult time finding new employment unless they are willing to commute outside the state for work. According to a recent report published by the JPMorgan Chase Economic Outlook Center, which is an affiliate of the L. William Seidman Research Institute at Arizona State University, Rhode Island is leading the nation-but not in a good way. The state has the highest percentage of jobs lost in the country for the period of time between July 2007 and July 2008.

During the 12 month span, Rhode Island jobs fell by 2.8 percent. Also making the list of state’s that lost a significant number of employment opportunities was Arizona, where job growth experienced a 1.6 percent decline.

The state that faired the best in the nation was Wyoming, which had a jobs growth rate of 2.5 percent. The other four states that rounded out the top five in job creation were Texas, Louisiana, Colorado and South Dakota.

Rhode Island’s loss of a significant number of jobs helps to explain why unemployment insurance claims are currently higher than usual, Accordinging to the state Department of Labor and Training.

At this time, the number of unemployment claimants has risen by 10.8 percent when compared to the same period of time last year. When viewed beside 2006’s statistics, the figures appear even more dismal, showing an 16.1 percent increase.

Because of Rhode Island’s lack luster job market, state officials began offering unemployed residents an additional 13 weeks of federally funded “emergency” benefits for eligible claimants who had already exhausted their regular unemployment on July 6th. As of the week ending on August 23rd, there were 453 new individuals filing for the extension of unemployment pay.

In July 7.7 percent of Rhode Island’s population was without work, which is the highest the figure has risen since 1993. Many are concerned about what they will do when their “emergency” benefits run out if the job market situation doesn’t make some drastic changes with in the next few weeks. For the time being, the best advice is for job seekers to extend the radius of their employment search and consider looking to areas right outside the state’s borders if local searches are yielding no promising opportunities.


<< Home


July 2006   August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   January 2010   February 2010   March 2010   April 2010   May 2010   June 2010   July 2010   August 2010   September 2010   October 2010   November 2010   December 2010   January 2011   February 2011   March 2011   April 2011   May 2011   June 2011   July 2011   August 2011   September 2011   October 2011   November 2011  

This page is powered by Blogger. Isn't yours?