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Rhode Island
Wednesday, January 16, 2019

Economic Activity

MARKETS TUMBLED THURSDAY among concern that global growth is slowing following a revised sale output from Apple, a decline in a factory output index and trade fears. / BLOOMBERG NEWS FILE PHOTO/NICOLE TUNG

Apple woes send stocks swooning as treasuries jump

NEW YORK - United States stocks sank after a factory gauge dropped the most in a decade and Apple cut its sales outlook, adding...

Study: R.I. migration balanced in 2018

PROVIDENCE – Rhode Island was determined to have a balanced migration pattern in 2018 in terms of residents moving in and out of the...
UNEMPLOYMENT IN the Providence metro area, not seasonally adjusted, was 3.6 percent in November, 0.1 percentage points higher than the U.S. national average of 3.5 percent. / COURTESY BUREAU OF LABOR STATISTICS

Providence metro unemployment declines to 3.6% in Nov.

PROVIDENCE – Unemployment in the Providence-Warwick-Fall River metropolitan area declined 0.5 percentage points year over year to 3.6 percent, not seasonally adjusted, in November,...
UNITED STATES manufacturing plunged last month by the most since October 2008, a 5.2-point drop to a two-year low of 54.1 points on the Institute for Supply Management index. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. factory gauge tumbles by most since 2008 as orders cool

NEW YORK - A gauge of United States manufacturing plunged last month by the most since October 2008, a fresh sign of deceleration in the...
ECONOMISTS PROJECT job growth to slow in December and forward into 2019 after acceleration in most of 2018. / BLOOMBERG NEWS

Economists see no repeat for strong 2018 U.S. job gains

NEW YORK - As the United States wraps up a year of surprisingly strong job growth, such gains are unlikely to repeat in the next...
UNITED STATES jobless claims increased to 231,000 last week, a four-week high. / BLOOMBERG FILE PHOTO/LUKE SHARRETT

U.S. jobless claims hit four-week high amid federal shutdown

NEW YORK - Filings for United States unemployment benefits rose to a four-week high at year’s end, amid holidays that tend to make the...
U.S. STOCKS rebounded following an early morning tumble Wednesday. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. stocks rise as treasuries advance; Oil surges

NEW YORK - United States stocks started the new year with a modest rebound from the worst December rout since the Depression. Oil rallied...
U.S. MANUFACTURING seems to be slowing after a couple of years of strong growth, as tariffs and other economic headwinds hit the economy. / BLOOMBERG NEWS PHOTO/DAVE MARTIN

Humming U.S. factories end 2018 on sour note amid trade war

WASHINGTON – Five Federal Reserve indexes of regional manufacturing all slumped in December, the first time they’ve fallen in unison since May 2016 and...
THE ECONOMIC POLICY INSTITUTE estimates that nearly 20,000 workers in Rhode Island will see their wages increase when the minimum wage in the Ocean State goes from $10.10 to $10.50 per hour on Jan. 1 / COURTESY ECONOMIC POLICY INSTITUTE

R.I. among 20 states to raise minimum wage Jan. 1

PROVIDENCE – Rhode Island will be joined by 19 other states in raising its minimum wage at the beginning of the year, according to...
“Heading into 2019, gasoline demand is expected to dwindle in January, an expected change following the busy holiday travel season,” said Lloyd Albert, AAA Senior Vice President of Public and Government Affairs. “At the same time, OPEC will begin production cuts January 1 with hopes the shift in global supply will push oil prices higher. The impact of the cuts will not likely be known until later in the first quarter.”

Gas sees 4 cent drop in R.I., Mass.

PROVIDENCE – The last AAA Northeast gasoline price report in 2018 showed continuing declines in the price of self-serve, regular unleaded gasoline in Rhode...
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