Not So Steady
This interesting consideration was to be found after the page 7 continuation of a recent story on Rhode Island’s steady unemployment figure:
No industries in Rhode Island reported job growth in March. And while the unemployment rate held steady, the state lost 1,900 jobs.
That contradiction –– a stable unemployment level amid deep job losses –– could indicate a surge in the number of Rhode Island residents finding work outside the state. But it is more likely evidence of the growth in so-called discouraged workers –– unemployed people who have given up the search for jobs and are no longer counted in the jobless rate.
The number of discouraged workers equals 2.1 percent of the state’s labor force, up from 1.6 percent a year ago and the second highest in the country after Michigan, according to the Current Population Survey.
The state-to-state discouragement numbers weren’t easily available, based on a quick search, but I wonder where Rhode Island’s 12.6% overall unemployment rate puts us on a ranking.