Workforce
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Economic conditions remain mixed in New England, with manufacturers citing weaker results, but those in the tourism industry reporting gains, according to the Federal Reserve’s Beige Book released Wednesday. more
Rhode Island ranked 14th in the nation for five-year growth of total workers’ compensation benefits paid (including both cash and medical benefits), according to research by the National Academy of Social Insurance. more
The average weekly wage in Providence County rose to $1,015 in the fourth quarter of 2013, a 2 percent increase over the same period the year earlier, the U.S. Bureau of Labor Statistics reported Thursday. more
The Associated General Contractors of America reported Wednesday that most construction firms are having trouble finding qualified workers, and firms in the Northeast were no exception, with 67 percent reporting difficulty filling jobs. more
The Providence-Fall River-Warwick metro area added no construction jobs between March 2013 and March 2014, ranking the state at No. 198 among the 339 metro areas nationwide in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released April 28. more
The unemployment rate in the Providence-Fall River-Warwick metro area fell to 9.4 percent in March, non-seasonally adjusted, compared with 9.6 percent a month earlier, according to a U.S. Bureau of Labor Statistics report released Tuesday. 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
The Providence-Fall River-Warwick metro area added 900 construction jobs over the year ended in April, an increase of 5 percent that earned the region a spot at No. 122 in a ranking of U.S. metro areas in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released Tuesday. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose slightly in April to 125.1 from 124.9 in March, ending two months of declines in the state’s economic indicator index. 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
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