economy

Economy
9:09 am
Fri November 21, 2014

Rhode Island's Unemployment Rate Dipped, Just Slightly, In October

Rhode Island's unemployment rate consistently remains one of the highest in the nation.
Credit Aaron Read / RIPR

Rhode Island’s unemployment rate edged down slightly in October to 7.4 percent.  It’s a number that has consistently dropped over the last 15 months.

October’s jobless rate is the lowest it’s been since April of 2008. But still the state lost 2600 jobs. The Department of Labor and Training finds Rhode Island’s 7.4 percent unemployment rate higher than the national rate of 5-point-8 percent but lower than the 9.4 percent jobless rate a year ago.

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Economy
12:00 am
Mon August 11, 2014

Despite National Trends RI's Economy Seems To Be Stagnating

Despite national trends, Rhode Island’s economy may not be on the road to recovery.  That’s according to the latest numbers from URI economics professor Leonard Lardaro. 

Lardaro’s monthly numbers track the state’s economic progress based on a variety of factors, from benefit claims to employment. Rhode Island now stands with a neutral ranking of 50 on a 100 point scale, compared with 85 during the same time last year. Lardaro blames much of this on Rhode Island’s persistent unemployment which now hovers just below eight percent.

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On Politics
4:00 am
Mon July 7, 2014

House Speaker Mattiello Claims Improvement on RI's Business Climate

House Speaker Nicholas Matiello
Credit Ian Donnis / RIPR

House Speaker Nicholas Mattiello emerged in March with a strong hold on what is commonly called the state's most powerful political office. Following the unveiling of a probe of former speaker Gordon Fox, Mattiello won a brief succession fight and pledged a stronger focus on jobs and the economy. Mattiello sat down last week to discuss his first few months as speaker and some of the top issues facing the state, including his choice for governor and Buddy Cianci's latest comeback attempt.

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Health Care
5:05 am
Mon June 9, 2014

RI Food Bank: First (Slight) Decline In Need Since Recession

The food bank says it has seen the first (slight) decline in demand since 2008.
Credit RIPR FILE

This month, the number of Rhode Islanders seeking help from a statewide network of food pantries has declined. It’s the first decline, says Rhode Island Community Food Bank spokeswoman Cindy Elder, since the beginning of the economic recession in 2008.

“It’s not quite a reason to rejoice because we’re still really at remarkable high levels of need for food assistance.”

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Environment
8:48 am
Fri May 30, 2014

Ocean State To Receive Millions To Help Local Fishermen

Rhode Island will receive nearly $2 million in relief funds to help fishermen hit by sharp cuts in catch limits.

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