Re: What Was That About Corporate Welfare in RI?
The ranking to which Justin refers also gives us the edge in unemployment:
Rhode Island last month shed 1,200 more jobs, and payrolls shrank to their lowest level in nearly four years, a government report released today shows.
The state unemployment rate ticked up one-tenth of a percentage point, to 5.8 percent, as the ranks of the unemployed last month grew to 33,400 — 5,000 more than in February of last year, according to the state Department of Labor and Training.
Nationally, payroll jobs last month declined by 63,000 and the unemployment rate rose to 4.8 percent.
Nor is the siphoning of jobs year upon year due to the notably unfriendly business and business tax climates created by the General Assembly the ideal preparation for a recession.
Rhode Island’s mounting job losses — estimated at 2,900 during the first two months of this year — come on the heels of revised data released last month showing that the state ended last year with a 5,200-job loss. It marked the first annual job decline since 2001, prompting economists to declare that Rhode Island is at the leading edge of a nationwide recession.