Updated January 26 at 10:26am
Workforce
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As a result of the state’s early repayment of its federal unemployment insurance loan, Rhode Island businesses will save $95 million in federal UI tax payments and interest through 2016, according to data released Tuesday by R.I. Department of Labor and Training Director Charles J. Fogarty. more
Job openings rose in June to the highest level in more than 13 years, firming up the U.S. labor market picture for the second half of the year. more
Downgrading Rhode Island’s economic momentum from “precarious” to “tenuous,” University of Rhode Island economist Leonard Lardaro said June’s Current Condition Index “shatters the notion” of economic progress the state seemed to be making. more
The productivity of U.S. workers rose more than projected in the second quarter, rebounding from the biggest drop in more than three decades and helping to restrain labor costs. more
Fewer Americans filed applications for unemployment benefits last week, sending the average over the past month to an eight-year low, a sign the labor market continues to gain momentum. more
The R.I. Department of Labor and Training will continue offering a program in collaboration with the Center for Women & Enterprise to help unemployed Rhode Islanders start their own businesses. more
Construction employment in the Providence-Fall River-Warwick metro area grew 5 percent year over year last month, adding 1,100 jobs for a total of 22,200 in June, according to an Associated General Contractors of America report. more
Employers in the U.S. added more than 200,000 jobs for the sixth straight month in July, showing the world’s largest economy is making strides toward sustaining faster growth entering the sixth year of expansion. The jobless rate rose as growing confidence prompted more Americans to look for work. more
The Providence-Fall River-Warwick metro area unemployment rate dropped in June to 7.1 percent nonseasonally adjusted, nine-tenths of a percentage point lower than the 8 percent reported a month earlier, the U.S. Bureau of Labor Statistics said Wednesday. more
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
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