Updated July 1 at 9:01pm
Workforce
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President Barack Obama has plans to expand workers’ entitlement to overtime pay. The move may be good politics - putting Republicans in an awkward position and making nice with Democrats opposed to his free-trade agenda. more
After three consecutive months of declines, the unemployment rate for the Providence-Fall River-Warwick metro area climbed slightly in May to 8 percent nonseasonally adjusted, compared with 7.8 percent a month earlier, the U.S. Bureau of Labor Statistics reported Tuesday. more
Rhode Island ranked 49th – or third from the bottom – for losing 800 construction jobs in April compared with April 2014, according to a ranking of the states and the District of Columbia by the Associated General Contractors of America based on U.S. Bureau of Labor Statistics data. more
Rhode Island had the largest year over year unemployment drop in May at 2 percentage points, according to the U.S. Bureau of Labor Statistics. more
Providence was among 319 U.S. counties that experienced employment increases year over year in December, the U.S. Bureau of Labor Statistics said. more
The Providence-Warwick metropolitan area was among 344 out of 387 metropolitan areas that had April jobless rates lower than they were a year earlier at 5.5 percent, a drop of 2.2 percentage points from April 2014, according to the federal Bureau of Labor Statistics. more
Fewer workers filed applications for unemployment benefits last week, signaling the U.S. job market remains firm even after growth plunged at the start of the year. more
Payrolls climbed in May by the most in five months and worker pay accelerated, showing companies were upbeat about the U.S. economy’s prospects after an early-year slump. 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
Allstate Insurance Co. is looking to grow the number of its agents in Rhode Island by 18 percent. more
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