Updated May 28 at 9:28pm
Local News
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The Rhode Island unemployment rate has dropped to 7.9 percent in June, its lowest level since July of 2008, according to the R.I. Department of Labor and Training. Nationally, however, the Rhode Island unemployment rate remains 1.8 percent higher than the U.S. average of 6.1 percent for June. more
Gov. Gina M. Raimondo on Thursday unveiled an $8.6 billion spending plan for the fiscal year that begins in July, weighted toward efforts to increase economic activity and create jobs in Rhode Island. more
Quonset Development Corporation’s board of directors approved a lease option Tuesday for Cape Wind Associates LLC for property that could be used for staging components for the Massachusetts energy company’s planned 130-turbine wind farm in Nantucket Sound. more
Gov. Gina M. Raimondo launched the “RI Pay Equity Tip Line,” a telephone line allowing women and men to report employers who violate state law that bans gender-based wage discrimination. more
Rhode Islanders saved $45.2 million since the Affordable Care Act was enacted in 2010, according to information from the federal Department of Health and Human Services. 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
Employers in the U.S. added more jobs than forecast in January, capping the biggest three-month gain in 17 years, and workers’ earnings jumped. more
Gasoline prices increased 4 cents in Rhode Island, and 3 cents in Massachusetts, from last week, according to AAA Northeast. more
The mayor’s office has reported a $1.1 million operating surplus for fiscal 2014, as shown in the city’s annual financial audit conducted by independent accounting firm Marcum LLC. more
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