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We are an online resource to help answer your questions, check eligibility and assist in applying for Unemployment. You will also be advised if you qualify for additional benefit programs and receive our benefit guide.
What is the unemployment rate and why is it so important? Understanding the jobless rate is not just a job for the economists out there, but is crucial for those who seek to learn more about the economy and labor force as a whole. The jobless rate is important to understand because employment as a whole is the primary source of personal income for individuals within the United States. Employment directly influences how much consumers spend, which is what contributes to the overall economic growth of a state. The unemployment rate serves as an indicator of the health of the economy, as well as the status of specific business sectors within the labor force. The number of unemployed individuals, counting those who are of age and willing and able to work, is divided into the number of total workers in the work force. That number is calculated into a percentage that fluctuates monthly. There are a variety of factors that directly influence the unemployment rate, including workers entering and leaving the work force as well as those who re-tire or simply stop searching for employment. This rate plays a direct part in the policies of the state’s unemployment insurance program.
Rhode Island Unemployment Resources
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