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NEW BEDFORD – Cape Wind’s federal permits list Quonset Point, in North Kingstown, as the staging area for a planned 130-turbine wind farm to be located in Nantucket Sound, according to The Standard-Times of New Bedford. more
Fitch Ratings affirmed its “AA” rating and stable outlook on Rhode Island in light of last week’s announcement that a settlement reached between the state and public employee unions on pension reform would increase Rhode Island’s unfunded pension liability by $232 million. more
Electric Boat’s plan to hire 650 employees this year at its expanding facility at Quonset Business Park in North Kingstown is a precursor to a massive ramp-up expected to more than double the current Quonset workforce of 2,800 over the next 15-20 years. more
As 2013 came to a close, the seasonally adjusted unemployment rate for Rhode Island inched upward to 9.1 percent, a one-tenth of a percentage point increase from 9 percent in November. more
The number of Americans filing claims for unemployment benefits was little changed last week, signaling the labor market is stabilizing. more
Not long after Rhode Island lawmakers approved a $1.25 million package of new programs to fight joblessness last summer, the state’s unemployment rate began its latest creep upward before settling at 9 percent in November, 2 percentage points higher than the national average and tied for the highest in the country. more
The rate of increase for the New England employment cost index declined in the three-month period ended September 2013, according to a U.S. Bureau of Labor Statistics report issued Tuesday. more
It is widely assumed that people in economically “advanced” countries do not differ significantly in how satisfied they are with their jobs. Because they are about equally productive, the reasoning is, they must produce things the same way, and so their work experience must be the same, too. more
Rhode Island’s December unemployment rate of 9.1 percent ranked as the highest unemployment rate in the country for the second month in a row, the U.S. Bureau of Labor Statistics reported Tuesday. more
Of the many theories explaining Rhode Island’s persistent economic slump, the failure to transition to technology-based industries may have the most current traction. more
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