RI Economy Improving But…

Date: August 06, 2014

Related Content: News Economy Rhode Island

The good news is that Rhode Island’s
unemployment rate continues to decline – dropping significantly in June to
7.9%. But Rhode Island’s unemployment rate is still nearly two points higher
than the national rate of 6.1%. And Rhode Island is still tied for the state with
the highest unemployment rate – tied now with Mississippi. There was some
economic growth in RI — the RI gross product increased 1.4% in 2013, earning
it the 33rd spot in the nation.

But the Kaufmann Foundation gave RI a grade
of F for small business friendliness and ranked Providence as one of the worst
cities in the country for small business friendliness. We have work to do.        

Related Content: News | Economy | Rhode Island

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