Economic Activity
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Fewer Americans than forecast filed applications for unemployment benefits last week, indicating U.S. employers were maintaining staff counts in the days leading up to the government shutdown. more
(Updated, Aug. 4, 3:45 p.m.) GateHouse Media will not honor the collective bargaining agreements negotiated between the Providence Journal and A.H. Belo Corp. and may lay off as many as 40 Journal employees upon its purchase of the paper who will be covered by Belo’s severance policy, according to an asset purchase agreement filing with the U.S. Securities and Exchange Commission. more
Mayor Will Flanagan and executives of Foxwoods affiliate Crossroads Massachusetts LLC announced the developer’s intention to build a resort casino in Fall River at a Tuesday morning press conference. more
Consumer confidence fell last week to the lowest level in two months as Americans’ views on the economy deteriorated. more
Fewer Americans than forecast signed contracts to buy previously owned homes in September, the fourth straight month of declines, as rising mortgage rates slowed momentum in the housing market. more
Factory production in the U.S. rose more than forecast in October, indicating the partial government shutdown did little to halt the pickup in manufacturing at the start of the fourth quarter. more
Startup accelerator Betaspring is currently accepting applications for its spring 2014 session. Betaspring provides a 12-week, mentorship-driven program along with work space, seed capital, legal counsel and access to investors and industry experts. more
Rhode Island exports rose $5.3 million, or 2.9 percent, in November, according to an e-forecasting.com report. more
Service industries in the U.S. expanded in September at a slower pace than forecast, indicating a pause in the momentum of the biggest part of the economy before the federal government shut down. more
Construction employment in the Providence-Fall River-Warwick metro area rose 5 percent in December compared with the same period last year, adding 900 jobs for a total of 19,100 jobs, the Associated General Contractors of America reported Wednesday. more
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