Economic Activity

Growth may demand rate hike, Fed’s Plosser says

PHILADELPHIA – Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank may need to raise its benchmark interest rate, Bloomberg News...

Subprime lenders’ stocks plunge as losses widen

Shares of U.S. mortgage lenders plunged today after New Century Financial Corp. and HSBC Holdings Plc said losses from bad loans are mounting faster...

U.S. wholesale inventories shrink in Dec., sales rise

WASHINGTON – U.S. wholesalers' inventories dipped 0.5 percent in December, to $393.8 billion, the lowest level since August, after rising a revised 1.1 percent...

U.S. retail sales rise faster than expected in Jan.

U.S. retail sales rose faster than expected last month, as holiday gift cards were redeemed and cold weather fueled purchases of winter clothing, according...
YEAR-OVER-YEAR percent change in the ECI for total compensation in each census region from 2001 through 2006: black for the Northeast; green for the South; blue dots for the Midwest; and green dashes for the West. /

The cost of labor in N.E. rises 3.3% in 2006

The Employment Cost Index for private-industry workers – including wages, salaries and employers’ costs for benefits – last year rose 3.3 percent in the...
THE HISTORIC Weekapaug Inn, in Westerly, has been in the Buffum family since the original inn was built in 1899. It was rebuilt after the Hurricane of 1938. /

Weekapaug Inn is named to National Register

WESTERLY – The Weekapaug Inn, at 25 Spray Rock Road, today announced it has been added to the official National Register of Historic Places....

Consumer credit rises 3% in December

WASHINGTON – Consumer credit rose in December as consumers took out more non-mortgage loans, but the rate of borrowing slowed, according to today’s statistical...

U.S. productivity rises 3% in 4Q

U.S. productivity rose faster in the fourth quarter as labor costs slowed, the U.S. Department of Labor’s Bureau of Labor Statistics today reported.Productivity rose...

4Q sees gains in business, factory productivity

WASHINGTON – Productivity gains for the fourth quarter and for all of 2006 were reported today by the U.S. Department of Labor’s Bureau of...

UMass survey: Visits to R.I. slot parlors declining

DARTMOUTH, Mass. – Though more Rhode Island residents have been visiting Lincoln Park, fewer have been visiting Newport Grand, and those who visit the...
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