Updated April 27 at 1:27pm
Local News
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The seasonally adjusted unemployment rate for January dropped to 6.5 percent, three-tenths of a percentage point lower than December 2014, according to the latest report from the R.I. Department of Labor and Training. more
The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness. more
Hospitals are a major economic engine in the Ocean State, generating 41,000 jobs and $6.9 billion in economic contributions, according to the Hospital Association of Rhode Island’s annual economic impact report released Tuesday. more
Fewer Americans than forecast filed applications for unemployment benefits last week as improved weather conditions ushered in labor-market stabilization. more
(Updated 4:19 p.m.) Rhode Island’s seasonally adjusted unemployment rate dipped to 6.3 percent for March, a one-tenth of a percentage point drop from a revised 6.4 percent in February, the state Department of Labor and Training reported Thursday. more
Unemployment in Rhode Island slid one-tenth of a percentage point in May to a seasonally adjusted 8.2 percent, down from 8.3 percent in April, the R.I. Department of Labor and Training reported Thursday. Last month also represented the first time since April 2013 that the state’s civilian labor force improved on both a month-over-month and year-over-year basis. 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
New England’s unemployment rate was unchanged in August at 5.9 percent, but Rhode Island still had the highest jobless rate among the six states at 7.7 percent. more
A nearly $4 million federal grant has been awarded to the Central Falls School District for a “restorative justice” project on how to make schools safer. more
The beleaguered Central Coventry Fire District filed for bankruptcy Tuesday after firefighters and the Chafee administration failed to reach an agreement despite months of negotiations to fix the district’s financial woes. more
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