Economic Indicators
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Rhode Island continued to have the third-highest unemployment rate in the nation in August at 7.7 percent, trailing only Georgia, which was No. 1 at 8.1 percent, and Mississippi, No. 2 with 7.9 percent, according to data released Friday from the U.S. Bureau of Labor Statistics. more
Moody’s Investors Service issued a warning on April 17 regarding Rhode Island’s failure to reach a settlement with public employee unions over the state’s pension lawsuit, which will go trial on Sept. 15 following the breakdown in renewed mediation talks earlier this month. more
Despite a drop in Rhode Island’s unemployment rate to a seasonally adjusted 8.7 percent in March, the Ocean State again ranked as the state with the highest jobless rate in the country, the U.S. Bureau of Labor Statistics reported Friday. more
New England’s unemployment rate was unchanged in August at 5.9 percent, but Rhode Island still had the highest jobless rate among the six states at 7.7 percent. more
Economic activity for the month of September reflected sustained, if not entirely consistent, positive momentum in the state’s economy, according to the statistician who produces the Current Conditions Index. more
The unemployment rate for Rhode Island for September remained unchanged at 7.6 percent compared with August, according to data released Thursday by the R.I. Department of Labor and Training. more
Applications for U.S. unemployment benefits rose more than forecast last week, representing a pause from a recent run of readings close to a 14-year low. more
Rhode Island ranked a dismal 46th on a ranking of the best and worst states for business, according to Forbes. more
Economic growth continued in the third quarter, but the pace was not as fast, according to the Rhode Island Current Economic Indicator, which showed growth at 2.3 percent in the third quarter, compared with 3 percent in the second quarter, according to the Rhode Island Current Economic Indicator briefing released Monday. more
Passenger traffic at T.F. Green Airport declined for the eighth consecutive month in August, registering 332,246 travelers, a drop of 6.85 percent compared with August 2013, according to the latest report released by the R.I. Airport Corporation. more
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