The state’s unemployment rate ticked down in January, compared to the same month a year ago. The rate is now 6.5 percent; the state’s lowest since the start of the recession.
That’s down more than two percentage points since January of last year (when it stood at 8.6). It’s been seven years since the state’s unemployment rate has been this low, back in February of 2008. Despite the good news, Rhode Island’s unemployment rate remains higher than the national average, of 5.7 percent.
The Ocean State has dealt with persistently high unemployment; remaining one of the highest in the entire nation for the last several years. The newest numbers are released as Governor Gina Raimondo, releases her first state budget proposal, with a specific focus on growing jobs.
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