Updated May 23 at 11:26pm
Workforce
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The R.I. Commerce Corp. voted to approve more than $7 million in state relocation and redevelopment credits Monday to several corporations that plan to invest in or bring jobs to Rhode Island. more
Rhode Island residents who are 65 and older have a median annual income that’s 56 percent of the median annual income earned by the state’s 45-64 year-olds, the ninth-largest gap in the nation, according to Bankrate.com. more
The IRS has been so slow to adapt to the rapidly emerging peer-to-peer economy that billions of dollars in taxable income a year are probably going unreported every year, according to a study being delivered to Congress this week. more
Rhode Island had a 7.2 percent year-over-year increase in construction employment in April, placing it 10th highest overall in the nation, the Associated General Contractors of America said Friday. more
Massachusetts, according to the latest economic report by MassBenchmarks, is “experiencing good economic fortunes in an environment characterized by worrisome global conditions.” more
The state’s seasonally adjusted unemployment rate fell 1 percentage point year over year in April to 5.3 percent, a level not seen since August 2007, the R.I. Department of Labor and Training announced in its monthly report Thursday afternoon. more
In the last year, more and more companies have started offering their employees cash to pay off student loans as part of benefits packages. more
Filings for U.S. unemployment benefits declined last week from a more than one-year high, as a plunge in New York returned claims to a level consistent with a firm labor market. more
The White House on Tuesday announced a new rule that will boost the number of Americans who qualify for time-and-a-half pay whenever they work more than 40 hours in a given week. more
The Ocean State’s economy is picking up steam, according to the Rhode Island Current Economic Indicator briefing released Monday by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. more
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