Updated May 23 at 11:16am
Economic Indicators
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(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
Sources confirmed Friday that Cape Wind Associates LLC has ended payments and an existing lease agreement option with Quonset Business Park in North Kingstown. more
Regional and state unemployment rates changed little in September, according to the U.S. Bureau of Labor Statistics, and Rhode Island is an example, as it has maintained a 7.6 unemployment rate since August. 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
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a seventh straight annual loss after writing down its U.S. unit and forecast higher restructuring costs as it shrinks its investment bank. more
The U.S. economy looks set to come out of its soft patch just as the labor market entered one of its own. more
Employers in the U.S. added more jobs than forecast in January, capping the biggest three-month gain in 17 years, and workers’ earnings jumped. more
Rhode Island’s unemployment rate may be the highest in the nation at 8.3 percent, but a lesser-known metric ranks the state sixth highest – and lends insight into the state’s condition, local economists say. more
The mayor’s office has reported a $1.1 million operating surplus for fiscal 2014, as shown in the city’s annual financial audit conducted by independent accounting firm Marcum LLC. more
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