Tag: Economy
U.S. employers added just 143K jobs last month, jobless rate slips...
WASHINGTON (AP) – U.S. employers added just 143,000 jobs last month, but the jobless rate slipped to 4% to start 2025 and the government revised...
U.S. job openings fall to 7.6M in December
U.S. job openings fell to 7.6 million, from 8.2 million in November, the Labor Department reported Tuesday. They were down from 8.9 million a...
SEC filing of the week: BankRI parent posts $68.7M profit in...
PROVIDENCE – Brookline Bancorp Inc., the parent company of Bank Rhode Island that is being acquired by Berkshire Hills Bancorp Inc., has posted 2024...
Will self-confidence outweigh business doubts on economy?
Mixed economic signals from the nation’s capital and state government and a stubborn inflation threat have left many Rhode Island business owners unsure how...
Washington Trust reports $28.1M loss in 2024 because of ‘repositioning’ strategy
WESTERLY – Washington Trust Bancorp Inc. has posted a loss of $28.1 million for 2024 after the bank "repositioned" its balance sheet in December...
Federal Reserve expected to stand pat on rates even as Trump...
WASHINGTON (AP) – The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a...
U.S. retail sales rose modestly last month amid solid holiday shopping
Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to...
U.S. inflation picked up in December, though underlying price pressures ease...
WASHINGTON (AP) – U.S. inflation picked up last month as prices rose for gas, eggs and used cars, yet underlying price pressures also showed...
U.S. producer prices rose 0.2% last month on higher energy costs
WASHINGTON (AP) – U.S. wholesale inflation rose last month on higher energy prices. The Labor Department reported Tuesday that its producer price index – which tracks inflation before...
Federal Reserve officials at December meeting expected slower pace of rate...
WASHINGTON (AP) – Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face...