The State of Rhode Island is among those that are not seeing any relief from the current economic recession, with the state continuing to lose more jobs and Rhode Island unemployment continuing to increase.

During June, Rhode Island saw its unemployment rate increase from 12.1 percent to 12.4 percent, which is higher than the national unemployment rate at the time of 9.5 percent. The state has not seen its unemployment rate decrease since January 2007, when it went from 4.9 percent to 4.8 percent.

Rhode Island had a total non-farm employment of 462,900 workers during June, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 463,800 workers during May and a 4.1 percent decrease from last year.

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Two large corporations are planning to add more jobs in Rhode Island. Click here to learn more.

This is welcome news to all the job seekers in Rhode Island. During June, the state saw its unemployment rate increase from 12.1 percent to 12.4 percent, which is higher than the national unemployment rate of 9.5 percent.

The state had a total non-farm employment of 462,900 workers during June, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 463,800 workers during May and a 4.1 percent decrease from last year.

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The goal of the American Recovery and Reinvestment Act was to create jobs throughout the country. So how has it fared as far as creating jobs in Rhode Island?

Not good, according to an article by The Providence Journal. It seems as though most of the $155 million Rhode Island received has been used to close the state’s budget deficit, not for creating jobs.

Since President Barack Obama signed the stimulus bill in February, the unemployment rate in Rhode Island has continued to increase. During June, the state saw its unemployment rate increase from 11.1 percent to 12.1 percent. It was at 10.5 percent when the stimulus was passed. During that time, more than 9,000 people have lost their jobs, making total jobless numbers reach about 68,456.

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One well-known investment company is helping to create finance jobs in Rhode Island.

Fidelity Investments has announced its plan to move 500 jobs from other locations to the company’s Smithfield location. The company currently employs about 2,300 workers in Smithfield. The new jobs are expected to pay from $50,000 to $60,000 per year.

The Smithfield operation handles a variety of tasks for the company, including direct investment, the company’s online retail brokerage operation and the company’s retirement-savings operation, which includes administering 401(k), 403(b) and other employer-sponsored retirement-savings plans.

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