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Court-ordered settlement talks between the state and Rhode Island public employees and retirees over cuts in pension benefits have broken down, sending the dispute to trial, both parties in the case said Friday. more
An assessment of the 38 Studios LLC moral obligation bond debt service conducted by SJ Advisors concluded that failure to repay the bonds would probably result in a downgrade of Rhode Island’s bond rating to “junk bond” status. more
Passenger traffic at T.F. Green Airport fell 6.2 percent in March compared with the same period last year, dropping from 335,578 total passengers in March 2013 to 314,784 last month, according to numbers released Tuesday by the R.I. Airport Corporation. more
Long-term health care costs in Rhode Island have risen more rapidly over the past five years than in the United States as a whole and can cost as much as 40 percent more each year than the national average, according to the Genworth 2014 Cost of Care Survey released Monday. more
Rhode Islanders weary of the barrage of statistics that have put the Ocean State dead last for unemployment for four consecutive months can now view local success stories through “Our Backyard TV,” a new 24-hour On Demand channel produced by Cox Communications in partnership with the Rhode Island Foundation. more
Payrolls in the U.S. rose less than projected in January as retailers cut back after the holidays and government hiring fell. The unemployment rate unexpectedly declined to 6.6 percent. more
The owner of the vacant “Superman Building” at 111 Westminster St. is again calling for public support to help convert the downtown tower into apartments. more
Fewer Americans than projected filed applications for unemployment benefits last week, indicating the U.S. labor market is improving. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose 1.1 percent in November to 124.8 from 123.5 in October. more
The unemployment rate for New England declined 0.2 percentage points in November to a seasonally adjusted 6.9 percent, the U.S. Bureau of Labor Statistics announced Thursday. more
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