Retail jobs in Rhode Island grow
Posted on May 5, 2019
Although education jobs declined, retail jobs in Rhode Island have grown.
In March, the number of Rhode Island-based jobs totaled 494,900, a decrease of 300 jobs from the revised February job count of 495,200. The state job count is down 1,000 from March 2018.
The Professional & Business Services sector lost 1,100 jobs in March, following a loss of 1,000 jobs in February and a loss of 1,000 jobs in January. The sector’s loss of 3,100 jobs during the first quarter of 2019 can be attributed to the Administrative & Waste Services subsector, which accounted for all the declines. Employment in Professional & Business Services is down 2,200 from a year ago.
The number of jobs in Educational Services fell by 400 in March, followed by smaller losses of 100 jobs each in the Financial Activities and Health Care & Social Assistance sectors. Year over year, all three sectors are up in employment led by Health Care & Social Assistance (+1,000), Educational Services (+300) and Financial Activities (+200).
Employment remained unchanged in the Arts, Entertainment & Recreation, Information and Transportation & Utilities sectors. Over the year, the number of jobs is down 700 in Arts, Entertainment & Recreation, up 700 in Transportation & Utilities and unchanged in Information.
Job gains in March were reported in several industry sectors, led by the Other Services and Government sectors, each up 300 jobs. Both sectors noted strong year-over-year job gains, as Others Services employment is up 900 from a year ago and Government employment is up 700. Also, in March, 300 jobs were added to the Retail Trade sector, while the number of jobs is down 200 from March 2018.
Five sectors reported an increase of 100 jobs in March. Those sectors include Accommodation & Food Services, Construction, Manufacturing, Mining & Logging and Wholesale Trade. Among these sectors, job numbers are up in Construction (+200) and Wholesale Trade (+100) over the year, down in Manufacturing (-1,200) and Accommodation & Food Services (-800) over the year, and unchanged in Mining & Logging.
The state’s seasonally adjusted unemployment rate for March is down one-tenth of a percentage point at 3.8 percent, the Department of Labor and Training announced Thursday. Over the year, the unemployment rate is down four-tenths of a percentage point from the March 2018 rate of 4.2 percent.
The U.S. unemployment rate was 3.8 percent in March 2019, unchanged from the previous month and down two-tenths of a percentage point over the year.