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U.S. added 431,000 jobs in March in sign of economic health 

America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of...

Gas, sales tax holidays clear Conn. legislature

HARTFORD, Conn. (AP) – Connecticut will temporarily suspend its 25-cent-per-gallon excise tax on gasoline after a bipartisan vote by state lawmakers Wednesday in an...
CME CORP., formerly known as Claflin Medical Equipment, signed a five-year $49.5M contract with the U.S. Department of Defense./ COURTESY CME CORP.

Medical industry suppliers warn of ‘med-inflation’

PROVIDENCE – Supply chain woes have hit consumers and businesses, now it’s about to provide some discomfort in the medical industry. “Med-inflation” is currently on...

Key inflation gauge hit 6.1% in January, highest since 1982 

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the...
UPHILL CLIMB: A chart from Thomas Tzitzouris, head of fixed income research for Strategas Research Partners, shows that the consumer price index has shot up from near 0% at the beginning of the COVID-19 pandemic to about 7% in January. / COURTESY STRATEGAS RESEARCH PARTNERS

Economist: Inflation isn’t going to fade soon

To those grappling with skyrocketing prices, Thomas ­Tzitzouris has bad news: price hikes aren’t going away anytime soon. Inflation will continue to be the story...
IN THE FIGHT: Paul Amaral, owner of East Providence-based Amaral Custom Fabrications Inc., is struggling to fill open positions but still has high hopes for his business this year. / PBN FILE PHOTO/RUPERT WHITELY

Hits keep coming, but pandemic-hardened businesses adapting

Inflation is at a 40-year high and qualified, committed workers seem scarcer than ever. Yet profits are up strongly for many local businesses from...

Weekly U.S. jobless claims rise for the first time in a...

WASHINGTON (AP) — More Americans applied for unemployment benefits last week following three straight weeks of declines. Jobless claims rose by 23,000 to 248,000 for...

U.S. inflation jumped 7.5% in the past year, a 40-year high

WASHINGTON (AP) – Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and...

PBN Economic Trends Summit to be held Feb. 10

PROVIDENCE – The PBN Economic Trends Summit will be held on Feb. 10 from 9 a.m. to 11 a.m. The virtual summit will discuss the...
SPACE MAKING: Derek Sharp, left, senior project manager for Suffolk Construction Co., and Kim Ward, Bally’s Corp.’s regional executive director of public and community affairs, check the progress on the $100 million expansion project at Bally’s Twin River Lincoln Casino. / PBN PHOTO/MICHAEL SALERNO

After huge pandemic losses, governments see rapid rebound

State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many...
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