economy

Business
6:00 pm
Fri August 16, 2013

Bottom Line:

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.

This week Dave and Mark talk with Rhode Island Foundation President and CEO Neil Steinberg. They discuss the new campaign to market Rhode Island’s strengths; called “It’s All in Your Back Yard,” along with public reaction to the campaign.

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RI News
8:22 am
Fri August 16, 2013

Despite National Trend Unemployment Persists in Rhode Island

Despite national trends showing unemployment trending downwards, Rhode Island's unemployment increased one-tenth of a percent in July.
Credit RIPR FILE

Rhode Island’s jobless rate edged up slightly in July, from 8.8 percent to 8.9 percent.  It’s a source of frustration for state Labor Department officials who concede that at the current rate it will take several years for Rhode Island to get anywhere close to full employment.

Led by a sharp drop in the number of temporary jobs, Rhode Island’s jobless rate posted a one-tenth of one percent increase in July. Still, the 8.9 percent rate is 1.6 percent lower than a year ago.

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Arts & Culture
8:20 am
Tue August 13, 2013

Made In Rhode Island: Jewelry Making, An Industry On The Move

Patrick McMillan of Providence makes custom jewelry in his basement workshop.
Credit Flo Jonic / RIPR

There's a commonly held misconception in Rhode Island that the jewelry industry is washed up, kaput, a victim of the ravaged manufacturing sector. But according to the Rhode Island Economic Development Corporation, we have the highest concentration of jobs in the jewelry industry in the United States. This morning as we continue our 'Made in Rhode Island' series, Rhode Island Public Radio's Flo Jonic delves into the jewelry industry through the eyes of three of its players:

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RI Economy
4:01 pm
Thu July 18, 2013

RI Unemployment Rate: Not Falling, but Not Climbing Either

Rhode Island unemployment rate held steady in June.
Credit file / RIPR

Rhode Island’s unemployment rate remained flat in June at 8.9 percent. Progress made in reducing the jobless rate in the first quarter of the year seems to have stalled.

The news was great in the first quarter of the year.  Rhode Island’s unemployment rate fell from 9.8 percent in January to 9.4 percent in February, to 9.1 percent in March.  In April, it fell to 8.8 percent. That’s about where it has remained ever since.

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Rhode Island Economy
3:55 pm
Thu May 16, 2013

RI Unemployment Rate Drops to 8.8 Percent

Rhode Island's unemployment rate spent more than three years in double digits.

Rhode Island’s unemployment rate took a healthy drop in April.  But the state is still a long way from restoring all the jobs lost to the recession.

Rhode Island’s April unemployment rate was 8.8 percent. That’s three tenths of one percent lower than in March and the lowest rate in four-and-a-half years.  Charles Fogarty, director of the state Department of Labor and Training, attributes the decline to increased consumer confidence.

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Local Features
7:41 am
Tue April 16, 2013

Rhode Island Nonprofits Feel the Squeeze

Harrington Hall, the state's largest homeless shelter, has been struggling under reduced finding an increased demand for service.
Credit Flo Jonic/RIPR

It’s hard to turn on the news these days without hearing about another nonprofit in financial trouble.  Advent House – the state’s first homeless shelter – is without a director because it can’t afford one. John Hope Settlement House is bleeding $30,000 a month. And the Institute for the Study and Practice of Nonviolence has laid off a third of its staff.

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Politics
8:28 am
Fri March 22, 2013

Stenhouse: Rhode Island Needs to Take More Urgent Steps

As Rhode Island tries to overcome high unemployment, some observers argue that more urgent steps are needed to spark the economy. One of the groups making that argument is a free-market think tank, the Rhode Island Center for Freedom and Prosperity. The center’s CEO, Mike Stenhouse, stopped by our studio to talk about a proposal to eliminate the sales tax and other issues.


Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.  news@ripr.org

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On Politics
12:04 pm
Wed March 20, 2013

What Canada knows that RI doesn't

The Boston Globe reported Monday that the Canadian government has established a business accelerator program in Cambridge to help its ``most promising young start-ups tap into the expertise and energy of the growing innovation economy around MIT and, ideally return home with new customers, connections and ideas.’’

As anyone with a pulse is aware, the area around Kendall Square in Cambridge has evolved over the past two decades from a seen-better-days warehouse and manufacturing district into an innovation lodestone.

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Politics
7:21 am
Wed March 13, 2013

State Senate Unveils Plan to Boost Economy

Rhode Island State House
Credit Kristin Gourlay / RIPR

The leadership of the state Senate Tuesday unveiled a legislative package of 25 bills meant to improve Rhode Island’s economy.

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RI Economy
7:06 am
Wed March 13, 2013

Heartening News for Rhode Island Economy

Downtown Providence RI
Credit Catherine Welch / RIPR

Two new reports suggest Rhode Island’s economy is on the rebound. 

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