Updated November 28 at 6:26am
Economic Activity
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(Updated 4:10 p.m.) Rhode Island’s seasonally adjusted unemployment rate dropped again to 6.3 percent in February, its lowest level in eight years, the R.I. Department of Labor and Training reported Thursday. more
(Updated 2:55 p.m.) The Tops Electrical Supply block downtown has been sold with eventual plans for mixed-use redevelopment, according to listing agent Peter M. Scotti & Associates Inc. Tops … more
Since May 5, thousands of visitors have flocked to the Volvo Ocean Race Village at Fort Adams State Park, but downtown merchants said they had mixed experiences in welcoming the tourists. more
Sources confirmed Friday that Cape Wind Associates LLC has ended payments and an existing lease agreement option with Quonset Business Park in North Kingstown. more
The proposed minor league baseball stadium will generate a peak traffic count of 1,800 vehicle trips an hour, when visitors arrive for the games or events, but will not tip surrounding intersections into failure, according to an analysis prepared for the team’s owners. more
Rhode Island’s fiscal 2013 total tax collections were 14th highest in the country when measured on personal income and per capita, at $111.18 per $1,000, and $5,132, respectively, according to the Rhode Island Public Expenditure Council’s annual report, “How Rhode Island Revenues Compare.” more
August “arrived with a bang for Rhode Island,” according to University of Rhode Island economist Leonard Lardaro. more
Rhode Island’s unemployment rate continues to dip, with a June drop of a tenth of a percentage point to 5.9 percent compared with May, according to the state Department of Labor and Training. more
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a seventh straight annual loss after writing down its U.S. unit and forecast higher restructuring costs as it shrinks its investment bank. more
The U.S. economy looks set to come out of its soft patch just as the labor market entered one of its own. more
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