Workforce
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The average weekly wage in Providence County rose to $1,015 in the fourth quarter of 2013, a 2 percent increase over the same period the year earlier, the U.S. Bureau of Labor Statistics reported Thursday. more
Consumer confidence unexpectedly fell in June to a three-month low, adding to signs of a more restrained pickup in the second-quarter economy. more
The Massachusetts House and Senate on Wednesday approved raising the state’s minimum wage to $11 per hour over the next three years, the Associated Press reported. more
Applications for unemployment benefits in the U.S. rose to 317,000 last week, holding below this year’s average and signaling sustained progress in the labor market. more
“Precarious” is how University of Rhode Island economist Leonard Lardaro characterizes Rhode Island’s economy, following the release Tuesday of a Current Conditions Index that has failed to improve for nine successive months. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose slightly in April to 125.1 from 124.9 in March, ending two months of declines in the state’s economic indicator index. more
Employers added 217,000 jobs in May to push U.S. payrolls past their pre-recession peak and the jobless rate held at an almost six-year low as the economy gained traction. more
Fewer Americans filed applications for unemployment benefits over the past month than at any time in seven years, a sign the labor market continues to strengthen. more
Service industries expanded in May at the fastest pace in nine months as orders picked up, indicating improving sales will help the U.S. economy strengthen. more
According to a new report, health care will continue to be Rhode Island’s leading private-sector employer during the next decade, with strong growth anticipated in a number of job types, including social assistance workers. more
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