40.7 F
Providence, RI
Friday, February 23, 2018
Home Economy Economic Activity

Economic Activity

Remember what causes a recession

Remember recessions? Those times where the stock market goes down, unemployment goes up and businesses stop investing? There was a really big one about...
RE-FOCUSED: The significant volatility of the equity markets recently has injected a needed clear-eyed evaluation of risk and reward, one that recent market calm has pushed to the back of investors’ minds.

Three lessons: Volatility can be transformed into opportunities.

The recent stocks roller-coaster reminded me of three lessons I learned many years ago as an investor in emerging markets. If well understood and...
U.S. STOCKS plunged on concern that rising interest rates will drag down economic growth. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Stocks hit two-month low as rate-hike fears return

NEW YORK - The dread that gripped equity markets earlier in the week re-emerged Thursday as U.S. stocks plunged on concern that rising interest rates...
CLARK SCHOETTLE, the longtime leader of the Providence Revolving Fund, will retire in June. / PBN PHOTO/ MICHAEL SALERNO

Providence Revolving Fund executive director to retire

PROVIDENCE – Clark Schoettle, the longtime leader of the Providence Revolving Fund, will retire in June, the organization announced Thursday.Schoettle has served as executive...
U.S. JOBLESS CLAIMS decreased by 9,000 to 221,000 last week. /BLOOMBERG FILE PHOTO/LUKE SHARRETT

U.S. jobless claims decline, approach an almost 45-year low

NEW YORK - U.S. filings for unemployment benefits unexpectedly declined last week, hovering close to an almost 45-year low and signaling a tight job...
PROVIDENCE RANKED NO. 3 for cities with the highest income inequality in a study of the largest metropolitan areas in the country and the most-populous cities in those areas. / PBN FILE PHOTO/MICHAEL SALERNO

Report: Providence ranks poorly for income inequality

PROVIDENCE – In 2016, Providence ranked No. 3 for highest income inequality among the most populous cities in the largest 100 metropolitan areas in...
U.S. STOCKS REBOUNDED Tuesday after a violent sell off that occurred Monday afternoon. / BLOOMBERG NEWS PHOTO/MICHAEL NAGLE

Stocks recover from rout with best day since 2016

NEW YORK - United States stocks rebounded from a violent selloff to post the biggest rally in 15 months as investors poured back into some...
PROVIDENCE-WARWICK-FALL RIVER metropolitan construction employment increased 9 percent year over year, not seasonally adjusted. / PBN FILE PHOTO/ MICHAEL SALERNO

AGCA: Providence metro construction employment up 9% in December

PROVIDENCE – Construction employment in the Providence-Warwick-Fall River metropolitan area rose 9 percent year over year, not seasonally adjusted, in December to 26,300, a...
THE NON-SEASONALLY-ADJUSTED unemployment rate in the Providence metropolitan area declined 0.1 percentage points year over year. / COURTESY BUREAU OF LABOR STATISTICS

Providence metro unemployment ticked down in Dec.

PROVIDENCE – The non-seasonally-adjusted unemployment rate in the Providence-Warwick-Fall River metropolitan area declined 0.1 percentage points year over year to 4.1 percent in December,...

U.S. stocks sink most since 2011 as rout deepens

NEW YORK – U.S. stocks plunged the most in 6 1/2 years, with the Dow Jones Industrial Average sinking more than 1,100 points, as the...
- Featured Event -

Latest News