"Worst joblessness in nation staggers R.I.; Hard times replace a steady boom" by Eric Moskowitz, Globe Staff | October 22, 2008
PROVIDENCE - Rhode Island, just a few years ago celebrated for job and productivity growth, is suddenly reeling - with some indicators showing the worst economic climate in 17 years. According to figures released yesterday by the Bureau of Labor Statistics, unemployment ballooned in September to 8.8 percent, the highest rate in the nation, and the state's annual job-loss rate was un equaled. Even Providence, the capital city that has drawn national headlines over the past decade for its downtown renaissance, is looking at a housing collapse and retail contraction.
It is a precipitous fall for a state that three years ago boasted the highest job and productivity growth in New England, and it has set off a flurry of blame. Public officials are scrambling to retool economic development policies and defend the state's image, contending that Rhode Island has been pulled down by national and international currents; the sudden downturn reflects temporary growing pains, they say, as the state tries to move from manufacturing to an information- and innovation-based economy.
The state's leaders say a new Rhode Island will emerge from the turmoil. Instead of trying to entice large manufacturing plants with incentives, they talk now about nurturing tech startups, luring biomedical companies, encouraging entrepreneurs, and developing a skilled workforce. State and local economic leaders are distributing glossy brochures and thick binders detailing the course ahead.
It is ALWAYS the SAME DAMN PROMISES when EVERYONE KNOWS ALL THOSE JOBS are being OUTSOURCED!!!
That's why I am TIRED of LYING GOVERNMENTS and their MOUTHPIECE PROPAGANDISTS of the MSM!!!
Some companies are doing well in the state, and there are new projects that suggest jobs are not merely disappearing. Last month, Carcieri announced a plan for an off-shore wind farm and a regional turbine manufacturing facility that could yield 800 jobs, and a major natural foods distributor revealed plans to relocate from Connecticut and bring 150 jobs.
Oh, yeah, building upon a lie for 800 jobs(?!) that will take five to ten YEARS to arrive (see: Block Island Richers Blocking Fart Mist Fart), and STEALING JOBS FROM CONNECTICUT?
What about those people that will lose their jobs? This is defined as economic success? Stealing jobs from another American state?
There are other clues of something amiss. In residential neighborhoods around the city, a litter of "For Sale" signs. In nearby West Warwick, a young waitress pawns jewelry to make ends meet because tips are declining. To the south, in the mill village of Peace Dale, a food pantry for the needy sees a near quadrupling in the number of families enrolled in its emergency meals program - from 261 enrolled a year ago to 905 now. "Every day there's new people," said Susan Gustaitis, executive director of the Jonnycake Center. "It's not slowing down."
Yup, but we got TRILLIONS for WARS and BANKS!!!!
Rhode Island's plunging employment doesn't even tell the whole story of economic pain, particularly as it is felt among residents already struggling to get by.
To read their stories go here (like the Globe really fucking cares after pushing an agenda that has brought this to pass). I'm out on this story.