Workforce
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“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
Unemployment in the Providence-Fall River-Warwick metro area plunged 1.6 percentage points to 7.8 percent in April, non-seasonally adjusted, compared with 9.4 percent a month earlier, the U.S. Bureau of Labor Statistics reported Wednesday. more
The Providence-Fall River-Warwick metro area added 900 construction jobs over the year ended in April, an increase of 5 percent that earned the region a spot at No. 122 in a ranking of U.S. metro areas in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released Tuesday. more
Rhode Island restaurants will see a 15.7 percent increase in employment during the 2014 summer season, according to a report released Thursday by the National Restaurant Association. more
Rhode Island’s economic growth held steady in the first three months of 2014, according to the Rhode Island Current Economic Indicator index released Wednesday by the Rhode Island Public Expenditure Council and Bryant University’s Center for Global and Regional Economic Studies. more
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