Economic Indicators
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Rhode Island received a $7.5 million federal grant to help the long-term unemployed return to the workforce, U.S. Sen. Jack Reed announced Tuesday. more
Rhode Island’s unemployment rate declined again in July to 7.7 percent, a slight drop compared with June but down almost 2 percentage points year over year, according to the R.I. Department of Labor and Training. more
With the drop of Rhode Island’s unemployment rate in July to 7.7 percent, the state no longer claimed the highest jobless rate in the country for the first time since October, the U.S. Bureau of Labor Statistics reported Monday. more
(Updated, 11:45 a.m.) American employers hired fewer workers than forecast in August, and the jobless rate dropped because people left the workforce, bolstering those on the Federal Reserve who want to be more deliberate in removing monetary stimulus. more
More U.S. cities are hiring than at any time since the Great Recession as the reviving economy and rising property taxes allow higher spending for a second straight year, according to a report released last week. more
Rhode Island ranked 29th on the annual Opportunity Index, released Monday from the national campaign, Opportunity Nation. more
In a volatile economy and real estate market, Rhode Island rents have been a source of stability. more
The owner of Checkmaster Payroll Services pleaded guilty in U.S. District Court on Monday to defrauding seven businesses and the Seekonk, Mass., Water District of more than $1.2 million in federal payroll taxes that were supposed to have been paid to the Internal Revenue Service. more
Textron Inc. reported that net income grew 60.6 percent in the third quarter to $159 million, or 57 cents per diluted share, compared with $99 million, or 35 cents per diluted share, during the same period last year, driven by the company’s Beechcraft Corp. acquisition. more
When it comes to pay, the place for teachers to be is Rhode Island, according to data from the U.S. Bureau of Labor Statistics and Bureau of Economic Analysis compiled by Rasmussen College. more
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