Connecticut and Rhode Island have both experienced changes in their job markets. In Connecticut, job openings have increased by 5.5%, reaching a total of 96,000 [98dcc751]. This represents a significant increase compared to pre-pandemic levels, with a 43% rise in job openings. Connecticut is among 23 other states that have seen a rise in job openings, including Rhode Island and Massachusetts [98dcc751]. However, the state's labor participation rate ranks 21st [98dcc751]. On the other hand, Rhode Island's unemployment rate hit a 35-year low in September [7bd0d8cf]. Despite this, a report by the Rhode Island Public Expenditure Council (RIPEC) reveals mixed economic data in the state [7bd0d8cf]. Non-farm employment in Rhode Island has fallen for the second consecutive quarter, with six of the state's nine major industry sectors losing jobs [7bd0d8cf]. However, the number of employed Rhode Islanders has increased, surpassing pre-pandemic levels [7bd0d8cf]. The report also highlights the growing divergence between the number of employed Rhode Islanders and Rhode Island-based jobs, with the state only recovering 88% of the jobs lost during the pandemic [7bd0d8cf]. Despite these challenges, Rhode Island has seen an increase in net sales tax receipts, indicating demand in the economy [7bd0d8cf].
Rhode Island's population has been steadily declining, with 34% of residents choosing to leave the state. The top four fastest-shrinking counties in Rhode Island are Providence County, Washington County, Bristol County, and Newport County. Factors contributing to the population decline include limited job opportunities, high cost of living, economic decline, inadequate infrastructure, and high crime rates. Many residents are relocating to neighboring states such as Massachusetts and Connecticut, as well as states like California, Florida, and New York. The decline in population highlights the need for attention and improvement in Rhode Island's economy and quality of life. [3c163529]