Economic Activity
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Rhode Island’s seasonally adjusted unemployment rate inched downward in January to 9.2 percent, the lowest rate since November 2008, according to the latest monthly report from the R.I. Department of Labor and Training. The state’s civilian labor force totaled 550,300 in January, up 200 from December 2013 but down 9,700 from January 2013. more
Rhode Islanders weary of the barrage of statistics that have put the Ocean State dead last for unemployment for four consecutive months can now view local success stories through “Our Backyard TV,” a new 24-hour On Demand channel produced by Cox Communications in partnership with the Rhode Island Foundation. more
Rhode Island’s unemployment rate fell to 9.1 percent in March, the lowest unemployment rate for the Ocean State since November 2008, the R.I. Department of Labor and Training announced Thursday. more
Rhode Island remains behind other states in New England when looking at major economic indicators such as growth of the gross state product and the unemployment rate. However, the state economy is slowly regaining momentum. more
Rhode Island demonstrated minimal improvement, and garnered mostly failing grades, in an annual Manufacturing and Logistics National Report from Ball State University’s Center for Business and Economic Research. more
The Governor’s Workforce Board was awarded a total of $810,000 to 48 Rhode Island businesses to help provide training for their workers. more
The unemployment rate for New England rose 0.1 percentage points in May to 6.9 percent, seasonally adjusted, the U.S. Bureau of Labor Statistics announced Friday. more
Rhode Island’s unemployment rate was unchanged in June at 8.9 percent after an increase of 0.1 percentage points in May broke 10 consecutive months of declines, the R.I. Department of Labor and Training said Thursday. more
A state audit commissioned by Gov. Lincoln D. Chafee found that the Renewable Energy Development Fund run by the R.I. Economic Development Corporation mismanaged grant money, failed to adequately monitor or report grants and in some cases overpaid grant recipients, Associated Press reported. more
Claims for jobless benefits unexpectedly dropped to the lowest level in more than five years, extending swings typical for the month of July. more
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