RI’s unemployment rate holds steady in May

PROVIDENCE, R.I. (AP) — Rhode Island’s unemployment rate held steady in May at 5.4 percent.

It marks the sixth consecutive month that the state’s seasonally adjusted unemployment rate stayed at 5.4 percent.

The state Department of Labor and Training previously said the April unemployment rate was 5.3 percent, but revised that number up to 5.4 percent on Thursday.

In May 2015, the unemployment rate in Rhode Island was seven-tenths of a percentage point higher at 6.1 percent.

The national jobless rate fell in May, down three-tenths of a percentage point to 4.7 percent.

The number of Rhode Island-based jobs was down 2,000 from April, but up 1,100 from May 2015.

Gov. Gina Raimondo says 4,500 fewer Rhode Islanders are unemployed than a year ago, but says the state has much more work to do.

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