Thursday, September 23, 2021

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Economic Activity

Fed foresees a potential rate hike as soon as next year

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned...

Stocks drop the most since May on worries over China, Fed

Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about debt-engorged...

R.I. gas prices tick up 1 cent

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island increased 1 cent week to week to $3.09 per gallon, 11...

CVS aims to hire 25K nationwide, more than 200 in R.I.

PROVIDENCE – CVS Health Corp. is holding a national career event in an attempt to hire for 25,000 clinical and retail jobs in the...

R.I. still has 2nd-highest jobless rate in region despite sharp Y/Y...

PROVIDENCE – Rhode Island continued to have the second-highest unemployment rate in New England in August at 5.8%, higher than the national rate of...
THE RHODE ISLAND unemployment rate was 5.8% in August, an increase of 0.1 percentage points from July, but a decline from 12.6% in August 2020. / AP FILE PHOTO/PAUL SAKUMA

R.I. unemployment rate edges upward in August

PROVIDENCE – Rhode Island's economic recovery appears to have stagnated in August. The state unemployment rate was 5.8% in August, an increase from 5.7% in...

Job market disconnect raises concerns over economic recovery

The gulf between record job openings and a lack of people taking those jobs is forcing Wall Street to reassess the pace of the...

U.S. unemployment claims rise after hitting pandemic low

WASHINGTON (AP) – The number of Americans seeking unemployment benefits moved up last week to 332,000 from a pandemic low, a sign that the...

R.I. hotel industry projecting $107.8M less in business travel revenue in...

PROVIDENCE – A new report has found that Rhode Island’s hotel industry is projected to end the year with $107.8 million less revenue from...

Lardaro: R.I. economy posts highest possible CCI value in July

PROVIDENCE – The Rhode Island economic recovery from the impacts of the COVID-19 pandemic accelerated in earnest in July. The state's current conditions index value...

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