Economic Activity

UNIONIZED STOP & Shop workers went on strike Thursday. / COURTESY RK CENTERS

Stop & Shop workers strike

PROVIDENCE – Unionized Stop & Shop workers went on strike Thursday.United Food & Commercial Workers Locals 328, 371, 919, 1445 and 1459 members cited...
U.S JOBLESS CLAIMS decreased to 196,000 last week. / BLOOMBERG NEWS FILE PHOTO/DAVID PAUL MORRIS

U.S. jobless claims unexpectedly fall, hitting new 49-year low

NEW YORK - Filings for United States unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market...
CPI in the Northeast region increased 1.7% year over year in March, slower than the national increase of 1.9%. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT

Northeast region inflation hits 1.7% in March, slower than national increase

PROVIDENCE – The Northeast region consumer price index increased 1.7% year over year in March, not seasonally adjusted, slower inflation than the U.S. city...
THERE ARE 25 approved Opportunity Zones in Rhode Island, including Downtown Providence and much of the city's waterfront.. / COURTESY R.I. COMMERCE CORP./GOOGLE INC.

Opportunity Zones knocking, but few answering the call so far

NEW YORK – Investors eyeing President Donald Trump’s Opportunity Zones face a ticking clock if they want to fully capture one of the biggest...
THE PROVIDENCE METRO came in at No. 91 among U.S. cities on the U.S. News 2019 Best Place to Live ranking. / PBN PHOTO/CHRIS BERGENHEIM

Providence named No. 91 among U.S. News’ 2019 Best Places to...

PROVIDENCE – The Providence metropolitan area was named No. 91 on the U.S. News & World Report’s 2019 Best Places to Live ranking this...
UNITED STATES core consumer price index, which excludes food and energy, rose 0.1 percent from the prior month, and 2 percent from a year earlier in March. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. core inflation unexpectedly cools amid apparel data shift

NEW YORK - A key measure of United States inflation rose less than forecast in March on a drop in apparel prices following a...

PBN e-newsletters face technical issues

Dear readers, Some of our e-newsletter subscribers are having difficulty receiving the PBN updates and e-newsletters in their email. To avoid this issue, please add Info@PBN.com to...
video

PBN on WJAR-TV, April 9, 2019

One-third of the way through a 10-year plan to fix crumbling roads and worst-in-the-nation bridges, is RhodeWorks working?Every week, PBN Editor Mark S. Murphy...
THE NUMBER OF U.S. positions waiting to be filled decreased by 538,000 to 7.09 million in February. / BLOOMBERG NEWS FILE PHOTO/MIKE FUENTES

U.S. job openings fell in Feb. by 538,000, most since 2015

NEW YORK - United States job openings decreased in February by the most in more than three years while still exceeding the number of...
THE HOPE POINT tower would feature 40 floors of residential apartments and condos atop a 6-story parking base. / COURTESY THE FANE ORGANIZATION

Hope Point tower design gets a negative review by Providence design...

PROVIDENCE — The design of the proposed Hope Point tower failed to persuade the city’s Downtown Design Review Committee Monday that the 46-story tower...
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