RI economy

The Bottom Line
6:00 pm
Fri October 4, 2013

The Bottom Line: Survey Finds RI Businesses Optimistic

Rhode Island businesses say they're optimistic about the state's economy and their own prospects, though they're not yet confident enough to make major capital investments.

That's according to a new survey, as RIPR host Dave Fallon learns from Providence Business News' Mark Murphy in this week's Bottom Line.

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Scott MacKay Commentary
8:43 am
Mon September 23, 2013

The Harsh Realities of Rhode Island's Economy

Jump starting Rhode Island's economy will take more than the typical statehouse spin.
Credit RIPR FILE

Rhode Island’s politicians are talking about the economy again. Rhode Island Public Radio political analyst Scott MacKay warns of a campaign cliché voters ought to view with skepticism

As predictable as the turning of autumn leaves, Rhode Island’s political campaigns will once again be filled with talk about creating jobs and jump-starting our stalled economy. Expect to hear the ancient Ocean State chestnut from the pols who’ll say, the biggest economic fear of Rhode Islanders is that their children can’t stay in our state because there aren’t enough jobs.

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On Politics
5:59 pm
Sun September 22, 2013

Some economic truths Rhode Island won't want to hear

Rhode Island’s politicians are talking about the economy again. RIPR political analyst Scott MacKay warns of a campaign cliché voters ought to view with skepticism.

As predictable as the turning of autumn leaves, Rhode Island’s political campaigns will once again be filled with talk about creating jobs and jump-starting our stalled economy. Expect to hear the ancient Ocean State chestnut from the pols who’ll say, the biggest economic fear of Rhode Islanders is that their children can’t stay in our state because there aren’t enough jobs.

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Business
3:15 pm
Mon September 16, 2013

URI Prof: Signs Show an Improving RI Economy

A University of Rhode Island economics professor who tracks the state’s economy every month finds it was in good shape for the month of July.

Professor Leonard Lardaro says nine of 12 indicators he tracks are in positive territory.  The only lagging indicators are government employment, the size of the labor force and new claims for unemployment.

Overall, Lardaro said we’re heading into the second half of the year in a fairly strong position.

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On Politics
7:55 pm
Wed September 11, 2013

Marcello says The Truth on 38 Studios is Out There; MacBeth to Push for Subpoena Power

House staffers testify before the Oversight Committee about documents obtained from the EDC.
Credit Ian Donnis / RIPR

State Representative Karen MacBeth (D-Cumberland) wants the House Oversight Committee to use its subpoena power to extract documents and compel appearances by key figures in Rhode Island's losing investment in failed video game maker 38 Studios.

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On Politics
4:26 pm
Fri August 30, 2013

Some sobering thoughts for union members on Labor Day

Today we celebrate the glorious history of the American labor movement. While unions have a storied past RIPR political analyst Scott MacKay wonders what the future holds.

Labor Day in Rhode Island has long been more than a summer’s end holiday. For decades, union leaders and their members have celebrated a movement that assimilated immigrants, fought vigorously for better pay and working conditions and was a fulcrum in the creation of a strong middle class.

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RI News
8:48 am
Mon August 12, 2013

"Current Conditions" Index Shows Good Signs for Rhode Island Economy

Rhode Island’s economy ended the second quarter on a positive note, according to the latest Current Conditions Index.  The index is a monthly rating of the state’s economy based on a dozen key indicators.

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Politics
8:51 am
Tue August 6, 2013

Reed Confident RI's Manufacturing Sector Will Get Federal Boost

Senator Reed expects the state to receive federal grant money, to be used to boost the state's manufacturing jobs.
Credit RIPR FILE

Senator Jack Reed said he’s confident that Rhode Island will receive federal money meant to boost the state’s manufacturing sector.

Reed and the three other members of the congressional delegation took part Monday in a manufacturing forum at URI’s Providence campus. About 100 people attended the discussion.

Reed said the outlook is good for Rhode Island to get a preliminary grant of up to 200-thousand dollars to foster a strategy for adding manufacturing jobs.

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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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On Politics
2:06 pm
Mon July 15, 2013

Some Good News on RI Job Growth

Some news for Rhode Island’s beleaguered economy: First quarter tax data shows that job growth in the Ocean State was better than estimated, with the state economy generating 1,700 more jobs that first indicted in the March, 2013 report from the state Dep0artment of Labor and Training.

The DLT says that the new data is based on employment information from the state’s 32,000 private sector employers. The new estimates suggest an over the year gain of 2,300 Rhode Island-based jobs.

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