Rhode Island's unemployment rate of 7.4 percent still third highest in the country

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PROVIDENCE, Rhode Island — Rhode Island's unemployment rate of 7.4 percent remains the third highest rate in the country despite a drop in October.

The U.S. Bureau of Labor Statistics says Georgia had the highest rate, 7.7 percent, and Mississippi had the second highest, 7.6 percent. The District of Columbia also had a 7.6 percent rate.

The Rhode Island Department of Labor and Training reported last week that the state's rate had fallen two-tenths of 1 percentage point from September. But the new labor report also showed the state shed 2,600 jobs.

Rhode Island has suffered one of the highest jobless rates in the country for years.

The U.S. unemployment rate in October was 5.8 percent.

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