Rhode Island’s Unemployment Picture: Ahead of Lowly Michigan in One Way but Behind in Another
The good news is that with the highest unemployment rate in the country, Michigan still beats out Number Three Rhode Island. The bad news is that they also beat us on a positive front.
Paragraph four of the possibly over-optimistic ProJo article that Justin highlighted has Rhode Island’s status in this area.
And the state continues to bleed jobs, losing 1,100 more in October, a separate survey of employers shows
And ABC News notes the Michigan element that the Ocean State lacks.
It wasn’t all bad news for state, however: Michigan was one of six states, according to the government, to see significant job gains between September and October. With 38,600 new jobs, Michigan came second only to Texas in payroll increases.
So while their overall unemployment rate is higher, Michigan gained new jobs while we lost.
It is to be hoped that current members of the General Assembly have the fortitude to undertake the structural changes that decades of preceding G.A.’s have cravenly dodged. In the absence of a reformation of the business and regulatory climate, Rhode Island will continue to lag behind other states with unenviable economies in certain indicator areas as evidenced by an ongoing shedding of businesses, jobs and (Ground Control to Major Tom) the corresponding tax revenue.