Updated July 24 at 5:26am
Workforce
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Construction employment fell 0.6 percent in Rhode Island in June, to 16,800 from 16,900 in June 2015, according to the Associated General Contractors of America. more
Rhode Island’s seasonally adjusted unemployment rate for June was 5.5 percent, an increase of one-tenth of a percentage point from May, according to data released by the R.I. Department of Labor and Training on Thursday. more
The number of applications for U.S. unemployment benefits unexpectedly fell last week, reaching a three-month low, indicating the labor market remains steady. more
Consumer confidence in the U.S. fell last week from a nine-month high as households became less optimistic about their finances, the buying climate and the national economy, the weekly Bloomberg Consumer Comfort Index showed Thursday. more
The number of applications for U.S. unemployment benefits last week held at the lowest level since mid-April, further evidence of a strong labor market. more
Acknowledging that economic development goes beyond creation of jobs to nurturing new skills in existing employees, banking and government leaders on Wednesday celebrated employees who recently completed industry-requested courses created through a state grant. more
Rhode Island is being granted $17.8 million in federal funding to help Providence and Cranston hire and train new firefighters, the state’s congressional delegation announced Wednesday. more
Job openings in May dropped from a record high and hiring cooled, a Labor Department report showed Tuesday, giving a more tempered assessment of the U.S. job market following the blowout payrolls numbers reported last week. more
The U.S. job market stirred to life in June as payroll growth accelerated by the most since October after a two-month lull, assuaging fears of broader cutbacks by companies. more
Economists tend to shy away from attaching too much significance to any one piece of data. But in this environment, with this jobs report, hyper-scrutiny may be warranted. more
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