Paul Wiseman, Author at Providence Business News

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AMERICAN FACTORIES expanded at a faster pace last month, continuing a rebound from the coronavirus recession. The Institute for Supply Management, an association of purchasing managers, reported Tuesday, Sept. 1, 2020, that its manufacturing index climbed to 56 in August from 54.2 in July. / AP FILE PHOTO/ AMR ALFIKY

Survey: U..S factories grow in August for third straight month

Economic Activity 09/01/2020

WASHINGTON (AP) – American factories expanded last month at the fastest pace since late 2018, continuing a rebound from the coronavirus recession. The Institute for...

More than 1M Americans apply for jobless benefits

Economic Activity 08/27/2020

WASHINGTON (AP) – Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs...

1.2 million seek jobless aid after $600 federal check ends

Economic Activity 08/06/2020

WASHINGTON (AP) – Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash...

THE U.S. TRADE DEFICIT was $50.7 billion in June. / AP FILE PHOTO/ WILFREDO LEE

US trade deficit drops in June on record rise in exports

Economic Activity 08/05/2020

WASHINGTON (AP) – The United States trade deficit fell in June for the first time since February as exports posted a record increase, rising...

1.4M seek jobless aid as virus surges in South, West

Coronavirus 07/30/2020

WASHINGTON (AP) – More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has...

U.S. trade gap rises to $49.4B in April

Economic Activity 06/04/2020

WASHINGTON (AP) – The United States trade deficit hit the highest level in eight months in April as American commerce with other countries was...

THE INSTITUTE for Supply Management's U.S. manufacturing Index declined for the third consecutive month in May. / AP FILE PHOTO/EVAN VUCCI

Survey: U.S. factories sink in May for third straight month

Economic Activity 06/01/2020

WASHINGTON (AP) – American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic. The...

THE U.S. TRADE GAP widened 11.6% in March to $44.4 billion. / AP FILE PHOTO/WILFREDO LEE

U.S. trade gap rises to $44.4B as virus slams commerce

Coronavirus 05/05/2020

WASHINGTON (AP) – The United States trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The Commerce Department...

THE FEDERAL RESERVE reported Wednesday that manufacturing output dropped 6.3% in March. / AP FILE PHOTO/TED S. WARREN

Factory shutdowns near WWII demobilization levels in U.S.

Coronavirus 04/15/2020

WASHINGTON (AP) – American industry collapsed in March as the pandemic wreaked havoc on the United States economy. Manufacturing and overall industrial production posted...