Projo Biz Blog

Rhode Island's unemployment rate rose 0.1 percent to 5.8 percent in February to reach the highest monthly jobless rate since November 1995, according to a report released this morning by the Rhode Island Dept. of Labor and Training..

The number of unemployed Rhode Island residents who classify themselves as available for and actively seeking employment increased to 33,400, an increase of 500 from January. That also represented an increase of 5,000 from the prior February.

The number of jobs in Rhode Island declined by 1,200 in February, reducing the number of jobs statewide to 487,800. That represents the lowest job count since April 2004.

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