Mass firings, buyouts and heightened uncertainty led to an exodus of federal workers in 2025. More than 300,000 employees will be out of the government by the end of December.
jobs
Posted inBusiness, Local, Politics
5 biotech startups are coming to Rhode Island life science incubator
Rhode Island officials on Wednesday touted the unveiling of the first members of the state’s new life science incubator as a sign of economic progress. The incubator, due to open next year, is meant to spur the growth of innovative companies by bringing together researchers, investors and entrepreneurs. The project is to be housed in […]
Posted inBusiness, Local, Politics
Hasbro to move HQ from Pawtucket to Boston
In a psychic blow that will take hundreds of jobs out of Rhode Island, the iconic toymaker Hasbro announced plans Monday to relocate its longtime headquarters from Pawtucket to Boston’s Seaport District. Hasbro hailed the change as “a new era of play” and said seven floors in the new office “will house teams that power […]
Posted inLocal, Politics, TGIF
TGIF: Ian Donnis’ Rhode Island politics roundup for Oct. 4, 2024
Yeah, I actually like raking leaves, but don’t expect me to come do this at your yard. You can follow me through the week on threads and what we used to call the twitters. Here we go. *** Want to get my column in your inbox every Friday? Just sign up right here. *** STORY […]
Posted inLocal, Politics, TGIF
TGIF: Ian Donnis’ Rhode Island politics roundup for Sept. 20, 2024
On national pepperoni pizza day, you could do worse than the Roni Island at Pizza Marvin. You can follow me through the week on threads and what we used to call the twitters. Here we go. *** Want to get my column in your inbox every Friday? Just sign up right here. *** STORY OF […]
Posted inBusiness, Local, Politics
Rhode Island officials surprised by Hasbro’s potential move
Rhode Island officials are scrambling after being surprised by the news that the iconic toy-maker and entertainment company Hasbro is considering moving its headquarters out of state. “It’s all hands on deck to keep Hasbro in Pawtucket,” Governor Dan McKee said in a statement. McKee said Pawtucket Mayor Don Grebien and he are seeking a […]
Posted inNPR
The latest jobs data provides a really confusing picture. Here are 4 things to know
There was both good news — and bad news — in the latest jobs report, providing an unclear picture as the Federal Reserve weighs how much to cut interest rates.
Posted inNPR
U.S. added fewer jobs in the past year than initially reported
A preliminary report from the Labor Department shows U.S. employers added 818,000 fewer jobs in the year ending in March than initially reported. The news comes during an election season in which the strength of the economy is a key issue for voters.
Posted inNPR
Why a weaker jobs market is sparking recession fears
U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.
Posted inNPR
Construction boom helps fuel job gains in March
U.S. employers added 303,000 jobs last month, and the unemployment rate dipped to 3.8%. Construction companies added 39,000 jobs, despite high interest rates.
