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Treading water on R.I. wind farms
Deepwater Wind LLC has signed a new lease agreement with the Quonset Development Corporation for a turbine-manufacturing facility and office space in the Quonset Business Park in North Kingstown. The move positions the company to develop a proposed 150-turbine wind farm off the Rhode Island coast, but only after a much-smaller demonstration project the company hopes can be built in the next two years. more
Jobless rate drops slightly across New England
New England’s unemployment rate remained essentially unchanged in May, dropping to 6.8 percent compared with 6.9 percent in April, the U.S. Bureau of Labor Statistics announced Friday. more
| 6/15/12
DLT awarded $1.7 from Labor Department
The U.S. Labor Department awarded the R.I. Department of Labor and Training a $1.7 million grant from the Workforce Innovation Fund, Secretary of Labor Hilda L. Solis announced Thursday. more
| 6/15/12
Unemployment rate drops in May
Rhode Island’s unemployment rate dropped for the first time in three months to 11 percent in May, a two-tenths of a percentage point decrease from April, the R.I. Department of Labor reported Friday. more
Report: R.I. businesses are good to new fathers
Rhode Island ranked 15th out of the 50 United States and the District of Columbia for supporting new fathers in the workplace, according to a report from the National Partnership for Women & Families. more
Minimum wage hike heads to Chafee for approval
The Ocean State’s lowest earners could be getting their first pay bump in five years as legislation heads to Gov. Lincoln D. Chafee for approval, according to the Associated Press. more
| 6/12/12
RBS honors 117 workers with 25 years of service
RBS Citizens Financial Group Inc. Chairman and CEO Ellen Alemany unveiled 117 specially inscribed bricks honoring colleagues who have been with the company for 25 years. more
Exchange says job-search program is succeeding
SOUTH KINGSTOWN – The Education Exchange says its jobs-search program has helped nearly 70 percent of participants find gainful employment thanks to a hands-on approach that focuses on adapting workers’ skills to available jobs. more
6/11/12
Deal on pension cuts heads off high-stakes challenge
In early May, Providence Mayor Angel Taveras said retired city workers just didn’t understand the problems their pensions, some with annual 6 percent compounded increases, were causing the city. more
Ocean State not as bad off as employment data suggest
When University of Rhode Island economist Leonard Lardaro began working as a forecaster for the New England Economic Partnership in 1991, he realized the Ocean State was not getting the kind of detailed economic analysis happening elsewhere. Seeing an opportunity to fill that gap, Lardaro developed his Current Conditions Index for Rhode Island that 11 years later is relied on to provide a barometer of the state’s economic health. more
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