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Many banks consolidating jobs as economy shifts

While restaurants and retailers were laying off their workers at the onset of the COVID-19 pandemic, banks embarked on a hiring spree in the...
RELIABLE RESOURCE: Jeremy Tolleson, left, veteran program manager for the R.I. Department of Labor and Training, at a Veterans Expo event at Pierce Memorial Stadium in East Providence, with Roger Richards, veterans representative. As more employees are quitting or not showing up to work, companies are turning to veterans to fill their workforces. / PBN PHOTO/MICHAEL SALERNO

More firms tapping into ranks of ex-military

Jeremy Tolleson traded one conflict for another when he retired from the U.S. Army and started working for the R.I. Department of Labor and...
ADJUSTMENTS: Donna Murray, left, assistant director of labor market information at the R.I. Department of Labor and Training, goes over changes to Rhode Island’s unemployment and temporary disability insurance tax laws with Margaux Fontaine. / PBN PHOTO/MIKE SKORSKI

R.I. makes changes to unemployment, TDI taxes

Many Rhode Island employers could see a reduction in the amount of unemployment insurance tax they pay, while employees are on the hook for...
TARIFF IMPACTS: Rhode Island Manufacturers Association Executive Director David Chenevert said the impact of tariffs and the slowing of the world economy has affected businesses differently in Rhode Island. Manufacturers focused on the aerospace or medical-industry markets are doing fine, he said, because defense spending has increased and the medical industry is growing. Companies producing products for the automotive industry, however, are seeing an impact because auto sales are down nationally.

U.S. trade war with China has brought pain, uncertainty

The initial tariffs imposed in 2018 on imports from China didn’t affect Cooley Group, a Pawtucket-based company that manufactures an array of engineered materials,...
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