Updated March 30 at 9:51pm
Workforce
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Rhode Island’s unemployment rate dropped in December to 6.8 percent, the lowest rate for the state since March 2008, the R.I. Department of Labor and Training has reported. more
Plumbing equipment manufacturer Quick Fitting Inc. has secured approval from U.S. immigration officials to broker investments in Rhode Island manufacturers from foreign nationals seeking permanent residency in the United States, the company said Monday. more
Rhode Island’s financial profile has improved following the economic downturn, but weak economic and demographic trends, paired with large combined debt and pension liabilities, remain sources of credit pressure, according to Moody’s Investor Service. more
An analysis of Rhode Island’s tax data, released Thursday by the R.I. Department of Labor and Training, showed more growth in the state’s private-sector employment during the fourth quarter of 2013 than originally estimated. After analyzing tax data from 32,000 businesses, the DLT now estimates the number of Rhode Island-based jobs for December to be 473,300 – 2,100 more than the original estimate of 471,200. more
Compensation costs among private industry employers in New England averaged $37.12 per hour in December, 19 percent higher than the national average of $31.32 per hour, according to the federal Bureau of Labor Statistics. more
Rhode Island has launched Apply RI, an online job-application website that allows applicants to track their state government job applications on the Web. more
Employers in the U.S. added more jobs than forecast in January, capping the biggest three-month gain in 17 years, and workers’ earnings jumped. more
The Civic Leadership Fund at the Rhode Island Foundation is kicking off its “community conversations” series on Jan. 15 at Rhode Island College with Shael Polakow-Suransky, president of Bank Street College of Education. more
The non-seasonally adjusted unemployment rate for the Providence-Warwick, Fall River metropolitan area increased on a month-to-month basis to 8 percent in July. more
Rhode Islanders had the largest share of residents living in poverty last year among the New England states, according to information from The Economic Progress Institute. more
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