Economic Activity
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R.I. to increase minimum wage on Jan. 1
On Jan. 1, the state’s minimum wage will increase 35 cents to $7.75 an hour, increasing the average minimum wage worker’s annual pay in Rhode Island’s by $510. more
| 12/21/12
Hasbro to move 350 workers to new downtown premises
The rotating blue cube attached to the top of 15 LaSalle Square last week signaled the arrival of new corporate presence in downtown Providence. more
Jobless rate falls slightly in New England in November
New England’s unemployment rate dropped 0.1 percentage points from October to November to 7.3 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 12/21/12
Demand for U.S. goods climbed more than forecast in November
Demand for goods such as machinery and electronics climbed more than forecast in November, showing U.S. companies are planning to expand next year as they look beyond the tax increases and spending cuts slated to take effect. more
RIPEC: State rankings hurt by high cost of doing business
The high cost of doing business in Rhode Island has hurt the state in recent national rankings, according to a new report released Thursday by the Rhode Island Public Expenditure Council. more
| 12/20/12
R.I. jobless rate unchanged in Nov.
Rhode Island’s unemployment rate remained at 10.4 percent for November, unchanged from the October 2012 rate and down seventh-tenths of a percentage point from November 2011, according to a report released Thursday by the R.I. Department of Labor and Training. more
| 12/20/12
R.I. 1 of 2 states to lose population in 2012
Rhode Island is one of only two states that lost population in 2011- 2012, according to a new report by the U.S. Census Bureau. more
| 12/20/12
Founders League celebrates kick-off with ‘EntrepreNew Years’
The Founders League, a partnership to help facilitate expansion in Rhode Island’s entrepreneurial environment, will celebrate its kick-off with an “EntrepreNew Years” celebration on Friday, Jan. 4. more
| 12/20/12
Foreclosures, delinquencies fall across the board in October
The Providence-Fall River-New Bedford area foreclosure rate dropped 0.33 percentage points in October compared with the same period last year, CoreLogic said Thursday. more
| 12/20/12
Initial jobless claims in U.S. rose last week to 361,000
The number of Americans filing first-time claims for unemployment insurance payments rose for the first time in five weeks, a sign further improvement in the labor market depends on faster economic growth. more
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