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Providence
Monday, October 15, 2018

Economic Activity

THE UNITED STATES trade deficit trade increased 6.4 percent to $53.2 billion in August. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

U.S. trade gap hits six-month high as soybean exports plunge 28%

NEW YORK - The United States trade deficit widened in August to the biggest in six months as soybean exports plunged and a measure...
UNITED STATES unemployment in September was 3.7 percent. Meanwhile, hiring cooled and wage gains eased slightly. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. payrolls and wages cool while jobless rate hits 48-year low

NEW YORK - United States hiring cooled in September by more than forecast, wage gains eased slightly and the jobless rate fell to a 48-year...
A NET 37 percent of firms report offering higher compensation in September, according to the monthly jobs report from the National Federation of Independent Business, / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

U.S. small-business pay gains at record as firms fight for staff

NEW YORK - A record share of small-business owners in the United States say they’re raising overall pay to attract workers and retain employees amid...
UNITED STATES consumer sentiment advanced to a new 17-year high. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE

U.S. consumer comfort at 17-Year high on record GOP sentiment

NEW YORK - United States consumer sentiment advanced to a new 17-year high on record confidence among Republicans and broad improvement across economic, financial and...
TOTAL PERSONAL CONSUMPTION expenditures increased 3.2 percent year over year in Rhode Island. / COURTESY BUREAU OF ECONOMIC ANALYSIS

Personal consumption expenditures in R.I. increase 3.2% in 2017

PROVIDENCE - Total personal consumption expenditures, or PCE, in Rhode Island increased 3.2 percent to $43,193 per capita from 2016 to 2017, according to...
UNITED STATES jobless claims decreased by 8,000 to 207,000 last week. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

Jobless claims fell last week, showing tight U.S. labor market

NEW YORK - United States filings for unemployment benefits unexpectedly fell last week following a storm-related surge in the prior period, indicating resilient demand...
AMAZON.COM is eliminating monthly bonuses and stock awards for warehouse workers and other hourly employees after the company pledged this week to raise pay to at least $15 an hour. / BLOOMBERG NEWS FILE PHOTO/JIM YOUNG

Amazon warehouse workers lose bonuses, stock awards for raises

NEW YORK - Amazon.com Inc. is eliminating monthly bonuses and stock awards for warehouse workers and other hourly employees after the company pledged this...
RHODE ISLAND RANKED No. 37 in the Tax Foundation's 2019 Business Tax Climate Index. / COURTESY TAX FOUNDATION

Tax Foundation: R.I. ranks No. 37 for state business tax...

PROVIDENCE – Rhode Island ranked No. 37 on the Tax Foundation’s 2019 State Business Tax Climate Index, one spot better than its revised 2018...
THE IRS ISSUED guidance that companies can still deduct 50 percent of meals while entertaining clients and customers. Tax professionals had been unsure as to whether the deductions were still valid after the passage of the 2017 Tax Cuts and Jobs Act. / BLOOMBERG NEWS FILE PHOTO/GERALDINE HOPE GHELLI

You can still deduct a client’s meal on a night out,...

NEW YORK - The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year...
BARBARA COTTAM, chair of the R.I. Board of Education, spoke at the Computer Science for Rhode Island Summit held on Dec. 13 at the University of Rhode Island. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Two sections of Newport targeted for revitalization grants

PROVIDENCE – Newport may be known for its seaside mansions, but two neighborhoods in the community are being targeted for revitalization efforts.Citizens Bank’s charitable...
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