RI unemployment rate ticks down; Mass. rate holds steady

PROVIDENCE, R.I. (AP/WPRI) — Rhode Island’s unemployment rate fell to 5.3 percent in October, down one-tenth of a percentage point from the previous month.

It marks the lowest unemployment rate in the state in more than eight years, since August 2007.

The state Department of Labor and Training said Thursday the number of unemployed residents fell to 29,400, a drop of 1,000 from September.

The rate has fallen 1.8 percentage points since October 2014.

Meanwhile, the Massachusetts unemployment rate held steady at 4.6 percent, but preliminary numbers show the state added about 11,000 new jobs last month.

The state office of Labor and Workforce Development said Massachusetts has gained 62,800 jobs so far in 2015.

The U.S. jobless rate in October was 5 percent.

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