Rhode Island’s unemployment rate moved down by a notch, rather than a leap, in May, to 8.2%. However, the 2,659 newly employed Rhode Islanders, according to official Bureau of Labor Statistics (BLS) figures, lead the nation in terms of growth. The downsides of these numbers are that they’re simply difficult to believe and that, even if they’re accurate, the state’s employment situation is still abysmal.
The first chart below illustrates the first downside. If we believe the lines that the government ...Continue Reading...