Workforce
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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
Modest gains in economic momentum in May hold promise for Rhode Island this summer, University of Rhode Island economist Leonard Lardaro said in his latest Current Conditions Index, but as usual that is only part of the story for the Ocean State. more
An index of Rhode Island’s leading economic indicators rose 0.4 percent in May to 126.8 from 126.3 in April, the second consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
Fidelity Investments will lay off 460 employees in Kentucky and Texas over the next 12 to 18 months following the outsourcing of the company’s printing and mailing operations. more
Rhode Island has launched Apply RI, an online job-application website that allows applicants to track their state government job applications on the Web. more
Rhode Island’s defense industry contributed $3.75 billion to the state’s economy in 2013 and supported as many as 33,806 jobs statewide, according to a report released Tuesday by the R.I. Defense Economy Planning Commission. The defense economy generated $1.93 billion in income for Rhode Island households last year as well as $106 million in tax revenue for the state. more
Job openings rose in May to the highest level in almost seven years, a sign the U.S labor market will help boost economic growth in the second half of this year. more
A $701,363 federal grant received by the R.I. Department of Labor and Training will enable the state agency to expand its career services programs to the unemployed. more
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring a brighter U.S. labor market that will help spur the economy. more
Payrolls at U.S. companies climbed in June by the most since November 2012, a sign the job market is strengthening as demand picks up. more
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