Updated February 8 at 6:25pm
Economic Activity
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The unemployment rate in Rhode Island continued to move toward the national average in November, as it fell one-tenth of a percentage point from October’s rate to 5.2 percent, compared with the national 5 percent rate, according to figures released by the state Department of Labor and Training on Thursday. more
State Street Corp. said Thursday that it may have overcharged asset servicing clients by $200 million or more over the past 18 years. more
Janet Yellen’s U.S. Federal Reserve shouldn’t raise interest rates next week, because doing so could jeopardize economic growth and worsen inequality, said Nobel laureate Eric Maskin. more
The Federal Reserve Bank of Boston joined eight other reserve banks in requesting a quarter percentage-point increase in the discount rate before the Oct. 27-28 meeting of the Federal Open Market Committee. more
Rhode Island was second-to-last in the nation for its nearly 7 percent year-over-year drop in construction jobs in November, according to the Associated General Contractors of America. more
Toray Industries Inc. has been named one of the Thomson Reuters Top 100 Global Innovators for 2015. more
A report released Thursday reveals several ongoing challenges that face racial and ethnic minorities in Rhode Island’s workforce, which persist largely among the Latino, black and Southeast Asian communities. more
The Providence Performing Arts Center and The Vets will participate in Cyber Monday on Nov. 30, and will waive all ticketing fees. more
When it comes to holiday spending, Warwick consumers have the biggest holiday budgets in Rhode Island at $1,121, according to WalletHub’s latest study. more
Shopping centers and malls in the Providence area have one of the nation’s highest vacancy rates for anchor stores, according to an analysis by Pitney Bowes and the Directory of Major Malls. more
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