Workforce
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As many as 89,300 Rhode Islanders could be affected by an increase of the federal minimum wage to $10.10 an hour from the current $7.25 an hour, according to a fact sheet released by the White House on Wednesday. more
The number of Americans filing applications for unemployment benefits held last week near the lowest level in almost four months, a sign the labor market continues to strengthen. more
Bank of America Corp. is cutting jobs today across co-Chief Operating Officer Thomas Montag’s global trading and investment banking divisions, according to three people with direct knowledge of the decision. more
Rhode Island gained 1,045 manufacturing jobs between December 2012 and December 2013, the first time in 13 years that the state posted an increase in manufacturing employment, according to a report released Monday by the Rhode Island Manufacturers Register. more
Rhode Island’s January unemployment rate of 9.2 percent ranked as the highest unemployment rate in the country for the third month in a row, the U.S. Bureau of Labor Statistics reported Monday. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose six-tenths of a percent in January to 126.3 from 125.5 in December. more
U.S. senators reached an agreement that would restore benefits for the long-term unemployed that expired late last year and that the Obama administration has sought to revive. more
Developers of three clean energy projects in Rhode Island issued projections in the final months of 2013 suggesting that they could ultimately create 595 jobs in the state, earning Rhode Island a place among the top 10 states for clean energy job announcements in the fourth quarter. more
Private-industry employer costs for employee compensation in New England inched downward in December, dropping 8 cents per hour to an average of $34.40 per hour, but remained the highest in the U.S., according to a quarterly U.S. Bureau of Labor Statistics report issued Wednesday. more
U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to a record close last week, as investors assessed the strength of the economy and developments in Ukraine. more
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