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Rhode Island was ranked the worst state for business in the U.S. for the second year in a row on CNBC’s America’s Top State for Business 2012 report.
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Rhode Island and California posted preliminary, seasonally adjusted unemployment rates of 9.8 percent in January, the highest in the nation and significantly higher than the U.S. figure of 7.9 percent.
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Rhode Island has the highest percentage of “actively disengaged” workers in the United States, according to a report from Gallup.
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Small businesses in Rhode Island represent 95.9 percent of all employers and employ 55.4 percent of the state’s private sector workforce, according to a report from the U.S. Small Business Administration.
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Rhode Island’s unemployment rate fell to 9.1 percent in March, the lowest unemployment rate for the Ocean State since November 2008, the R.I. Department of Labor and Training announced Thursday.
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Rhode Island remains behind other states in New England when looking at major economic indicators such as growth of the gross state product and the unemployment rate. However, the state economy is slowly regaining momentum.
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The state’s unemployment rate dropped to 10.9 percent in June, according to the Rhode Island Department of Labor and Training.
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By Rebecca Keister |
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GoGo Cast Inc., provider of digital signage and branded content in public spaces, has acquired the assets of Dingo Mobile Inc., a Canadian developer of social media-based applications for marketing purposes.
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New England’s unemployment rate rose 0.2 percentage points from July to August to 7.3 percent, the U.S. Bureau of Labor Statistics announced Friday.
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