By Kim Kalunian, WPRO News
The Department of Labor and Training announced Thursday that Rhode Island’s seasonally adjusted unemployment rate has ticked down again, dropping from 9.8 percent in January to 9.4 percent in February. The unemployment rate measures those available for and actively seeking employment.
February's 9.4 percent marks the lowest unemployment rate since November 2008.
But February also showed a jobs loss of 2,600, as February job numbers dropped to 465,500 from January’s 468,100. This ended three consecutive months of job gains.
More than half of the jobs lost were in the Accommodation and Food Services sector. Retail Trade and Education Services also showed significant job losses, dropping a collective 1,100 jobs.
The number of employed residents in Rhode Island was up 1,300 from January, which represents the highest employment level in Rhode Island since February of 2009.
The national unemployment rate was 7.7 percent for February, down from January’s 7.9 percent.