Economic Indicators
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Report: Minimum wage bump will cost 200 jobs
By raising the state minimum wage from $7.40 to $7.75, the General Assembly will make it even more difficult for teenagers to find jobs, according to a new report from the Rhode Island Center for Freedom and Prosperity. more
| 6/18/12 | 2 comments
R.I. unemployment rate drops to 10.8%
Rhode Island’s unemployment rate dropped to 10.8 percent in July, marking the third consecutive month of improvement for the state’s jobless rate, the R.I. Department of Labor and Training reported Friday. more
New England jobless rate rises to 7.3% in August
New England’s unemployment rate rose 0.2 percentage points from July to August to 7.3 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 9/21/12 | 1 comment
Travel projections up for Labor Day despite rising gas prices
AAA Southern New England projects a 2.9 percent increase in Labor Day travel. The trade group estimates that 33 million U.S. residents will travel 50 miles or more from their home during the Labor Day holiday period between Thursday, Aug. 30, and Monday, Sept. 3. more
| 8/23/12
Report: R.I. bioscience sector shows job growth since 2001
According to the Battelle/Bio State Bioscience Industry Development Report, Rhode Island’s bioscience sector grew 44.3 percent from 2001 to 2010. more
MassBenchmarks: Mass. economy shifts into ‘lower gear’
After outstripping national growth in recent years, the Massachusetts economy has “dropped into a lower gear,” according to the Leading Economic Index released Thursday by the MassBenchmarks editorial board. more
Push on to speed permitting
Diego Luis Perez, co-owner of Flan Y Ajo restaurant on Westminster Street in Providence, wanted to open a wine bar. more

By Patrick Anderson
PBN Staff Writer | 11/12/12

R.I. ranked 2nd worst state to do business
On Forbes Magazine’s list of the Best States for Business, Rhode Island ranked 49th, beating out only Maine as the worst state in the country to do business. more
| 12/13/12 | 1 comment
Labor demand drops in Northeast, across U.S.
Labor demand posted online in the Northeast fell by 44,800 in August, according to a new report from The Conference Board Help Wanted Online data series. more
R.I. receives failing grades on manufacturing and logistics report
Rhode Island received more than one failing grade in the 2012 Manufacturing and Logistics National Report from Ball State University’s Center for Business and Economic Research. more
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