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The seasonally adjusted unemployment rate in Rhode Island dropped to 8.7 percent in March, according to statistics released Thursday by the R.I. Department of Labor and Training. Still higher than the national unemployment rate of 6.7 percent for March, the Rhode Island figure is the lowest unemployment rate since September 2008, the DLT said in a release. more
Two Rhode Islanders will be honored among more than 50 Global Enterprising Educators and Global Young Entrepreneurs receiving awards at the 2014 Network for Teaching Entrepreneurship Gala. more
(Updated, 4:32 p.m.) Webster Financial Corp., parent company of Webster Bank, N.A., reported net income of $47.8 million in the first three months of 2014, an increase of 2.2 percent compared with the same period last year. more
President Barack Obama’s proposed 2015 budget would increase taxes by $1.4 trillion over the next decade compared with current law, the budget agency said. more
With the onset of spring, New England businesses are relying on improved consumer confidence and higher sales to drive economic recovery after a difficult first quarter affected by severe winter weather, according to the Federal Reserve Board’s Beige Book released Wednesday. more
The number of Americans filling for unemployment insurance payments last week hovered near the lowest level in almost seven years, showing the job market is making progress. more
Geoffrey Lanez of East Providence has been named 2014 American Culinary Federation Northeast Region Student Chef of the Year and will compete for a national title in July. more
The city has started the second year of work in its $40 million road re-surfacing project. Funded with a voter-approved bond in 2012, the road project completed 32 miles of repaving last year and began this year’s work Wednesday on Moses Brown Street in the Wayland Square neighborhood. more
Rhode Island should prioritize its school building improvements and finance them with a “pay-as-you-go” approach, instead of borrowing, which costs the state millions of dollars in interest, a new R.I. Senate task force report has found. more
Superior Court Judge Sarah Taft-Carter on Wednesday denied a motion by the state of Rhode Island to dismiss the pension lawsuit scheduled to go to trial in September, ruling that “a valid contract exists” between retirees and the state regarding promised pension benefits. more
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