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Thursday, December 3, 2020
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Economic Activity

U.S. JOBLESS CLAIMS totaled 712,000 last week. / AP FILE PHOTO/ELAINE THOMPSON

U.S. jobless claims remain high at 712,000 as virus escalates

WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell as the nation celebrated Thanksgiving last week to a still-high 712,000, the...

SBA releases detailed PPP data for all loans

PROVIDENCE – The Small Business Administration has released detailed Paycheck Protection Program loan data for all loans, following a court battle with several newspapers...
ECONOMIC ACTIVITY in New England continued to expand in October and early November, according to the Federal Reserve's Beige Book report.

The Fed: New England economy continued to expand in Oct., Nov.

PROVIDENCE – Economic activity in New England continued to expand in October and early November, according to the Federal Reserve’s Beige Book report released...

IRS affirms R.I. policy on SALT cap workaround for small-business owners

PROVIDENCE – In a year of continued uncertainty, Rhode Island small-business owners now have more surety that a state law letting them skirt the...
THERE WERE 70,136 individuals collecting some form of unemployment benefit in Rhode Island last week. / AP FILE PHOTO/PAUL SAKUMA

Weekly filings continue to climb for COVID-19 unemployment insurance and PUA

PROVIDENCE – Pandemic unemployment-assistance filings totaled 4,027 last week, an increase from 3,807 one week prior, according to the R.I. Department of Labor and...
R.I COMMERCE CORP. revealed the first round of recipients of the state's COVID-19-related hospitality, arts and tourism grant program Tuesday night. / COURTESY R.I. COMMERCE

R.I. Commerce announces $1.4M in grants for hospitality, arts, tourism sectors

PROVIDENCE - More than a month after Gov. Gina M. Raimondo announced a $20 million COVID-19-related grant program to support the state's hospitality, arts...
BANKRUPTCY FILINGS in Rhode Island totaled 106 in November 2020. / PBN GRAPHIC/ CHRIS BERGENHEIM

R.I. bankruptcies dip to 106 in November

PROVIDENCE – Bankruptcies in Rhode Island totaled 106 in November, a decline from 134 one year prior, the U.S. Bankruptcy Court District of Rhode...
THE RHODE ISLAND Public Expenditure Council recommended that the state continue to pursue tax policies that would increase its ranking on the Tax Foundation's State Business Tax Climate Index in analysis released Tuesday. / COURTESY TAX FOUNDATION

RIPEC suggests steps to boost R.I. business tax climate

PROVIDENCE – The Rhode Island Public Expenditure Council released its analysis of the Tax Foundation's 2021 Business Tax Climate Index on Tuesday, offering recommendations...

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 $2.09 per gallon, 4...
AFTER MONTHS of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times. / AP FILE PHOTO/DAVID ZALUBOWSKI

Black Friday offers beacon of hope to struggling stores

NEW YORK (AP) – After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal...

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