Updated November 30 at 12:30pm
Economic Indicators
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(Updated, 3:44 p.m.) The state Public Utilities Commission on Tuesday unanimously approved a proposed electricity rate increase, which will be divvied up as a monthly rate hike throughout the year for residential customers, while a 10 percent deferral is slated for commercial customers. more
Rhode Island’s jobless rate for May dipped below 6 percent, to 5.9 percent, for the first time since 2007, the state Department of Labor and Training reported Thursday. more
Royal Bank of Scotland Group Plc plans to remove its U.S. unit Citizens Financial Group Inc. from its balance sheet this year in one or two more share sales. more
Rhode Island’s unemployment rate remained the highest of all New England states in November, but also experienced the greatest percentage point decline over the year. more
(Updated 8:49 a.m. to reflect corrected U.S. Airways numbers)January passenger traffic increased at T.F. Green Airport for the first time in three years, with passenger counts at nearly 2 percent more than January 2014’s figures. more
Rhode Island ranks among the worst states for entrepreneurs according to the Small Business & Entrepreneurship Council. more
Rhode Island led the nation with the greatest year-over-year decrease in its jobless rate in September, the U.S. Bureau of Labor Statistics said Tuesday. more
Rhode Island’s unemployment rate remained highest in New England in December at 6.8 percent, and was the fifth highest in the nation, according to the federal Bureau of Labor Statistics. more
(Updated 4:10 p.m.) Rhode Island’s seasonally adjusted unemployment rate dropped again to 6.3 percent in February, its lowest level in eight years, the R.I. Department of Labor and Training reported Thursday. more
Since May 5, thousands of visitors have flocked to the Volvo Ocean Race Village at Fort Adams State Park, but downtown merchants said they had mixed experiences in welcoming the tourists. more
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