Updated March 30 at 6:30pm
Workforce
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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
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
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
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
Applications for unemployment benefits in the U.S. rose to 317,000 last week, holding below this year’s average and signaling sustained progress in the labor market. more
Job openings in the U.S. rose more than forecast in February to a six-year high as employers moved to boost hiring in response to rising consumer demand. 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
Most of the sectors that saw big gains in February's payroll report aren't exactly high-end. Food services and drinking places (average hourly earnings: $12.70) added 58,700 jobs, seasonally adjusted; retail trade ($17.33) added 32,000; couriers and … more
Consumer borrowing in the U.S. climbed in December as Americans boosted their credit-card use by the most in eight months. more
December’s disappointing drop in U.S. worker pay may prove to be a temporary bump in the road on the way to bigger increases as the jobless rate falls. more
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