Updated February 28 at 8:42pm
Workforce
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Rhode Island’s seasonally adjusted unemployment rate fell to 9 percent in February, according to the latest monthly report from the R.I. Department of Labor and Training. Nationally, the U.S. unemployment rate rose one-tenth of a percentage point to 6.7 percent. more
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
The publicly congenial competition between Rhode Island’s Deepwater Wind and Massachusetts’ Cape Wind to launch the first U.S. offshore wind farm and attract spinoffs is intensifying as both energy companies flaunt contracts for the production of wind turbines. more
BOSTON – The Mass. Executive Office of Labor and Workforce Development said last week the state added 55,200 jobs in 2013, with private-sector job gains of 54,400. According to a statement, the gain represented the largest number of jobs created in a December-December period since 2000. more
Rhode Island is continuing its slow march toward an improved economy, but still struggling to find some economic momentum, according to economists in the Ocean State. 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
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