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The productivity of U.S. workers rose more than projected in the second quarter, rebounding from the biggest drop in more than three decades and helping to restrain labor costs. more
Per capita consumer spending in Rhode Island grew 9 percent between 2009 and 2012, signifying improved consumer confidence since the Great Recession but lagging New England and U.S. spending growth for the same period, according to U.S. Bureau of Economic Analysis data released Thursday. more
R.I. Superior Court Judge Bennett Gallo on Wednesday ruled against the Bellevue Ochre Point Neighborhood Association’s lawsuit opposing the welcome center planned for the grounds of The Breakers mansion. more
The R.I. Department of Revenue on Thursday released its economic development report for fiscal year 2012, providing a breakdown of tax incentives awarded by geographic region and company, and whether recipients met job-creation and wage-and-benefits goals. more
In November 1998, attorneys general from across the country sealed a historic deal with the tobacco industry to pay for the health care costs of smoking. Things haven’t exactly worked out as planned. more
The share of U.S. mortgages that are seriously delinquent fell to the lowest in six years as the job market improved, allowing borrowers to stay current on payments while higher home prices made it easier for others to sell. more
Fewer Americans filed applications for unemployment benefits last week, sending the average over the past month to an eight-year low, a sign the labor market continues to gain momentum. more
The R.I. Department of Labor and Training will continue offering a program in collaboration with the Center for Women & Enterprise to help unemployed Rhode Islanders start their own businesses. more
Rhode Island Mall owners Winstanley Enterprises LLC and Surrey Equities LLC plan to turn the 160,000-square-foot space into factory outlets in the style of Wrentham Village, slated to open in the fall of 2015. more
Bank of America Corp. is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis more
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