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Rhode Island’s November unemployment rate of 9 percent remained the highest in New England and tied with Nevada for the highest unemployment rate in the country, the U.S. Bureau of Labor Statistics reported Friday. more
The Rockefeller Foundation has awarded a $559,296 grant to the Coastal Resources Center at the University of Rhode Island’s Graduate School of Oceanography to coordinate and support the foundation’s Oceans & Fisheries Initiative. more
The U.S. economy expanded in the third quarter at a faster rate than previously estimated as consumers stepped up spending on services such as health care and companies invested more in software. more
Deepwater Wind LLC, the renewable- energy developer planning wind projects off the U.S. Atlantic Coast, expects its Block Island Wind Farm to qualify for a federal tax credit that expires this year. more
Rhode Island’s unemployment rate dipped slightly to 9 percent in November from 9.2 percent in October, and dropped a whole percentage point compared with last November’s figure of 10 percent, according to statistics released Thursday by the R.I. Department of Labor and Training. more
In response to continued criticism of Obamacare by Republican members of Congress, the White House released figures Thursday for each state, including Rhode Island, illustrating the effect that a repeal of the Affordable Care Act would have locally. more
The index of U.S. leading indicators rose more than forecast in November, a sign the economic expansion will gain traction in the months to come. more
The R.I. Small Business Development Center, which will be hosted at the University of Rhode Island beginning Jan. 1, will operate a central office at URI’s South Kingstown campus and three sub-center offices in Smithfield, South Kingstown and Providence, the U.S. Small Business Administration announced Thursday. more
Personal incomes in Rhode Island rose 1.1 percent in the third quarter, after rising 0.7 percent in the second quarter, according to a report released Thursday by the U.S. Bureau of Economic Analysis. more
Royal Bank of Scotland Group PLC named Rory Cullinan head of a new division that will house the firm’s bad bank and oversee the initial public offering of its U.S. Citizens Financial Group Inc. unit. more
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