Updated March 29 at 12:29am
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The seasonally adjusted unemployment rate for January dropped to 6.5 percent, three-tenths of a percentage point lower than December 2014, according to the latest report from the R.I. Department of Labor and Training. more
The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness. more
Before the Great Recession took hold in 2009, a group known here as Professional Women in Building had 20 members. By 2012, that number had plummeted to seven. more
Hospitals are a major economic engine in the Ocean State, generating 41,000 jobs and $6.9 billion in economic contributions, according to the Hospital Association of Rhode Island’s annual economic impact report released Tuesday. more
(Updated, 5:30 p.m.) Fifty retired state employees and public school teachers have filed a lawsuit against the state of Rhode Island, objecting to their inclusion in the proposed class-action settlement of the state pension reform lawsuits. more
Fewer Americans than forecast filed applications for unemployment benefits last week as improved weather conditions ushered in labor-market stabilization. more
Court-ordered settlement talks between the state and Rhode Island public employees and retirees over cuts in pension benefits have broken down, sending the dispute to trial, both parties in the case said Friday. more
Unemployment in Rhode Island slid one-tenth of a percentage point in May to a seasonally adjusted 8.2 percent, down from 8.3 percent in April, the R.I. Department of Labor and Training reported Thursday. Last month also represented the first time since April 2013 that the state’s civilian labor force improved on both a month-over-month and year-over-year basis. more
An assessment of the 38 Studios LLC moral obligation bond debt service conducted by SJ Advisors concluded that failure to repay the bonds would probably result in a downgrade of Rhode Island’s bond rating to “junk bond” status. more
At the Foundry complex in Providence, owners are poised to fill the remaining vacant portions of the historic former Brown & Sharpe Mill with luxury apartments. more
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