Tag: Economy
Biden budget aims to cut deficits nearly $3T over 10 years
WASHINGTON (AP) – President Joe Biden's upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, according to an...
Housing and the economy
Do you feel more housing can boost the local economy?
Yes: 75%
No: 25%
Do you feel additional housing could positively impact your business?
Yes: 75%
No: 25%
In what...
Key U.S. inflation measure surges at fastest rate since June
WASHINGTON (AP) – The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures...
Forbes: R.I. is 23rd-best state in which to start a business
PROVIDENCE – Rhode Island was ranked No. 23 on Forbes' Best State to Start a Business list for 2023.
The report examined 18 metrics across...
Applications for U.S. unemployment aid hold steady
WASHINGTON (AP) – The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal...
HELPERS HURTING: Nonprofits overwhelmed by needs and no end in sight
In nearly 15 years of working at poverty relief nonprofit Amos House, Jessica Salter has seen the toll that food and housing insecurity has...
R.I. unemployment rate rises to 3.6% in November
CRANSTON – Rhode Island’s seasonally adjusted unemployment rate was 3.6% in November, up two-tenths of a percentage point from October, the R.I. Department of...
Jobs, wages are up, but a gloom remains
At any other time, the jobs news that came down on Dec. 2 would be a reason for cheer.
The U.S. added 263,000 nonfarm jobs...
U.S. retail sales rose 1.3% last month, a sign of resilience
WASHINGTON (AP) – Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday...
Will the Fed’s moves spark twin economic threats?
There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to...
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