09.23.2010 0

Recovery Summer and Stimulus: Rhode Island

Continuing on the Recovery Summer and Stimulus: State by State, we head to Rhode Island.

Quick Rhode Island facts:

  • In January of 2009, the unemployment rate in Rhode Island was 9.6%. As of July 31, 2010, the unemployment rate was 11.9%–a net increase of over 2%! (Source: Bureau of Labor Statistics)
  • According to Recovery.gov, Rhode Island has received only 920 awards. This has resulted in $837,228,624 being spent to create/save 1,989.58* jobs (Source: Recovery.gov)
  • As of July 2010, the labor force in Rhode Island has increased by 9,526 people since January of 2009. While the labor force has increased, the unemployment rate has also increased into double digits. (Source: Bureau of Labor Statistics)
  • According to the Recovery Summer Map, Rhode Island boasts zero “Summer of Recovery” projects!
  • The number of people employed in Rhode Island has fallen by 4,690 people since January of 2009! (Source: Bureau of Labor Statistics)
  • The Obama administration projected the change in jobs by December 31, 2010 to be +12,000 jobs. To date, Rhode Island has lost 14,800  jobs. (Source: Ways & Means Republicans)

The employment trend in Rhode Island has not been good. While a sharp “recovery” can be noticed at the beginning of 2010, that “recovery” has disappeared by the time that the “Summer of Recovery” began. (Source: Bureau of Labor Statistics)

Has the Recovery Act done anything for Rhode Island? No.

Has “Recovery Summer” done anything for Rhode Island? No.

Rhode Island is in a bad position. While Rhode Island had a better jobs “recovery” than most states at the beginning of 2010, that has disappeared. While less than a billion dollars of “stimulus” monies have been pumped into the state, the effect of that “stimulus” has not been realized. Rhode Island has one of the highest unemployment rates in the nation and the Obama administration’s Big Government policies have done nothing to fix this.

Read more on Recovery Summer and the Stimulus Effects on States.

*: The number of jobs created/saved conflicts with other government sources on Recovery.gov. This number was pulled from the latest figured offered on Recovery.gov

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