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The publicly congenial competition between Rhode Island’s Deepwater Wind and Massachusetts’ Cape Wind to launch the first U.S. offshore wind farm and attract spinoffs is intensifying as both energy companies flaunt contracts for the production of wind turbines. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose six-tenths of a percent in January to 126.3 from 125.5 in December. more
U.S. senators reached an agreement that would restore benefits for the long-term unemployed that expired late last year and that the Obama administration has sought to revive. more
Developers of three clean energy projects in Rhode Island issued projections in the final months of 2013 suggesting that they could ultimately create 595 jobs in the state, earning Rhode Island a place among the top 10 states for clean energy job announcements in the fourth quarter. more
Private-industry employer costs for employee compensation in New England inched downward in December, dropping 8 cents per hour to an average of $34.40 per hour, but remained the highest in the U.S., according to a quarterly U.S. Bureau of Labor Statistics report issued Wednesday. more
U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to a record close last week, as investors assessed the strength of the economy and developments in Ukraine. more
Job openings in the U.S. increased less than expected in January, a sign labor market cooling from late 2013 persisted as severe winter weather hammered the eastern and mid-western U.S. more
Lawmakers, educators, business leaders, and state and federal officials will gather on Monday to discuss workforce development and career and technical education at the R.I. Senate’s annual Economic Summit. more
President Barack Obama’s advisers said the U.S. economy is on track to strengthen and add more jobs in the next two years because many of the impediments to faster growth have subsided. more
The new year brought mixed economic results in Rhode Island, as discouraging unemployment data offset positive revisions of January payroll estimates, according to the Current Conditions Index produced by University of Rhode Island economist Leonard Lardaro. more
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