Workforce
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New England employer costs for employee compensation in June 2013 averaged $34.81 per hour, the highest in the country, according to a U.S. Bureau of Labor Statistics report issued Thursday. more
The EB-5 program, a U.S. immigration initiative that awards green cards to foreigners who invest in American companies, has seen unprecedented success since its inception in 1990. In just 23 years, this program has created approximately 49,000 jobs and attracted more than $2.4 billion in direct foreign investment. Unfortunately, not a single one of these jobs – and not a single dollar of investment – has come to Rhode Island, and that has to change. more
Construction employment in Rhode Island dropped 4.4 percent in August compared with the same period in 2012, a year-over-year net loss of 700 jobs, according to an analysis of Labor Department data by the Associated General Contractors of America. more
Business leaders hailed state lawmakers for ending Rhode Island’s prohibition on biweekly pay this past summer to remove what they described as a longstanding barrier to improving the state’s poor economic climate. more
The American Staffing Association honored the Rhode Island chapter with two prestigious awards at its recent annual convention, according to a news release. more
Educators from the R.I. Department of Education recently completed a “road show” on what next-generation science standards will look like in the classroom when they are implemented over the next three years. more
Payrolls in the U.S. increased more than forecast in October, a sign that employers were optimistic the world’s biggest economy would weather the effects of the federal government shutdown. more
After re-creating itself in three different markets in as many years, software startup Swipely finally found its feet and began to thrive in 2012, and founder and CEO Angus Davis shifted into high gear to find the people who could make his “lightning in a bottle” product even better. more
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
The rate of increase for the New England employment cost index declined in the three-month period ended September 2013, according to a U.S. Bureau of Labor Statistics report issued Tuesday. more
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