Which Way to Economic Health?
Perhaps some wishful thinking is involved, but it has seemed as if the various help wanted sections have seen a slight up-tick in ads. Could be seasonal; could be my imagination. At any rate, viewed from a different direction, the economic news continues to be discouraging:
Rhode Island’s recession continues to deepen, as payrolls shrink and the ranks of residents unable to find work grows.
The state unemployment rate last month climbed to 7.5 percent, two percentage points above the national average, and payroll jobs fell for the sixth straight month, according to a report to be released today by the state Department of Labor and Training.
So far this year, Rhode Island has shed 8,600 payroll jobs and the ranks of unemployed residents have swelled to 42,600 — the largest in 15 years, the state reported.
Yet, just over the border, in Massachusetts, payroll jobs last month rose by 2,800 following a 1,900-job gain in May, according to a report yesterday by Massachusetts’ Office of Labor and Workforce Development.