[fm]: Rhode Island gained 1,400 jobs in July

Rhode Island gained a net 1,400 jobs over the last month, and the state's unemployment rate for July remained at 5.5 percent, according to data released Thursday by the Rhode Island Department of Labor and Training.

The national unemployment rate was 4.9 percent in July.

Over the past year, Rhode Island has gained a net 5,000 jobs, for a total in July of 490,900. Yet the state still hasn’t recovered the net 39,800 jobs lost during the Great Recession.

Rhode Island has regained 88 percent of those lost jobs, according to the DLT data. In other words, there were 4,800 fewer jobs in July than there were during the state’s peak jobs period of December 2006, when the state had 495,700 jobs.

Elsewhere in the region, Massachusetts gained a net 7,300 jobs in July, and its unemployment rate dropped to 4.1 percent. Connecticut gained a net 1,700 jobs in July, and its unemployment rate declined slightly to 5.7 percent.




By: Kate Bramson (Providence Journal).

Photo: Water Fire.

Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.

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