Unemployment in Rhode Island falls below 10% – finally
February 28th, 2013 at 2:15 pm by Ted Nesi under Nesi's Notes, On the Main Site
By Ted Nesi
PROVIDENCE, R.I. (WPRI) – Rhode Island’s painfully slow economic recovery hit an important symbolic milestone in December, as the jobless rate fell below double-digits for the first time in nearly four years, new data released Thursday shows.
Tags: economy, employment, unemployment
Nesi's Notes covers politics and the economy in and around Rhode Island for WPRI.com. (Twitter: 
Wait until sequester hits NUWC. 2500 contractor getting laid of. And being caught up in it and having to file unemployment for the first time ever, I am skeptical about the condition of this State’s economy.
As you should be.
The federal furloughs will have a significant impact on the state with a 20% short term pay cut and a 12% long term cut but the media has missed the huge cuts to government contractors. The furloughs only save $5B of the $46B in defense cuts so where will the rest of the savings come from … mostly contractors. Expect a large number of NUWC contractor layoffs to start this month. With contractors not sending out WARN notices, a lot of folks will be shocked when they are let go.
Ted what the drop in unemployment was are the people whose benefits ran out and they did not plan on leaving the state. Now they are on AFDC, WIC, SNAP, section 8, in the projects, and getting RIte Care.