Rhode Island unemployment rates drops to 4.3 percent

Rhode Island unemployment rates drops to 4.3 percent

The State Council said China faces "intensified structural conflicts" in its current job market, but it must place employment as a top policy priority and address the new challenges to keep its employment rate stable.

The figures, compiled from a survey of 985 households, also showed unemployment declining by 10,300, to 107,100, and the state's labor force participation rate ticking up 0.1 percentage point, to 68.4 percent.

Over the past year, the state has gained 48,162 jobs, a growth rate of 1.7 percent, compared to a United States growth rate of 1.5 percent in that time.

The national rate was 4.5 percent in March, down two-tenths of a percentage point from February. "While the monthly job growth was stronger than our three-year average for March, our over-the-year job growth of 131,000 is the best for this period since 2000". March's rate is the lowest the state has seen since August 2007. That is down from 3.7 percent in February and the lowest since April 2000.

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The industries that saw the biggest declines in March were manufacturing and trade, transportation and utilities. The jobless rate increased from 7.8 percent to 8.2 percent in March, which may occur when workers are optimistic about their prospects.

Since March 2016, Oregon's construction sector grew the fastest, adding 8,200 jobs, or 9.2 percent.

Belieciks says the number of jobs was up by 2,400 in March. "For example, it was only in July 2015 that the Black unemployment rate finally ducked below where the white unemployment rate was at its peak in the aftermath of the Great Recession".

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