A recent analysis of tax data shows that Rhode Island job growth exceeded original estimates for the first quarter of 2012, according to the state's Department of Labor and Training.

The new estimate for Rhode Island-based jobs as of March 2012 is 464,700, up 7,000 from earlier numbers reported in April.

The earlier estimate indicated that Rhode Island-based jobs had dropped over a year's time by 2,200.

However, the new estimate shows that Rhode Island-based jobs had likely increased by 4,800 from March 2011 to March 2012.

"It's heartening to have hard data that confirms what we've been hearing from individual employers: that the economic recovery in Rhode Island may be more steady than we had originally thought," Gov. Lincoln Chafee said in a statement.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.