Workforce
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Although Rhode Island’s unemployment rate posted a significant drop in June to 7.9 percent, the state jobless rate tied with Mississippi as the highest in the country, the U.S. Bureau of Labor Statistics reported Friday. more
The Rhode Island unemployment rate has dropped to 7.9 percent in June, its lowest level since July of 2008, according to the R.I. Department of Labor and Training. Nationally, however, the Rhode Island unemployment rate remains 1.8 percent higher than the U.S. average of 6.1 percent for June. more
Modest gains in economic momentum in May hold promise for Rhode Island this summer, University of Rhode Island economist Leonard Lardaro said in his latest Current Conditions Index, but as usual that is only part of the story for the Ocean State. more
BOSTON – Gov. Deval L. Patrick has signed the Domestic Worker’s Bill of Rights into law. The bill extends basic work standards and labor protections to approximately 67,000 nannies, housekeepers, care givers and other home workers. more
It’s bad luck to be born 20 years before a time of high unemployment. It affects your income when you enter the workforce, naturally, but that’s not all. It can keep your earnings relatively low – and chip away at your health and happiness, as well – for a lifetime. more
(Editor’s note: This is the fourth in a series of articles focused on the 2014 gubernatorial candidates and their plans for economic development.) more
An index of Rhode Island’s leading economic indicators rose 0.4 percent in May to 126.8 from 126.3 in April, the second consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
Fidelity Investments will lay off 460 employees in Kentucky and Texas over the next 12 to 18 months following the outsourcing of the company’s printing and mailing operations. more
Rhode Island has launched Apply RI, an online job-application website that allows applicants to track their state government job applications on the Web. 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
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