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Rhode Island: Where often is heard a discouraging word on the...

“Underperforming” is how Emily Mandel, senior economist at Moody’s Analytics, characterized Rhode Island’s economic forecast through the end of the decade. Her words of caution...
PLANNING AHEAD: Jennifer Mega, right, managing partner at Mega Professionals LLC, says the state of Rhode Island should focus on workforce development and strategic investments to protect against a fluctuating economy and rising unemployment rates. She is pictured with Alex Pettit, managing partner, at their East Providence office.
PBN PHOTO/TRACY JENKINS

Employers moving cautiously when it comes to hiring

Employers are adopting a cautious and strategic approach to hiring in 2026, giving careful consideration to economic conditions, which are giving no clear indication...

Baltimore bridge collapse: Ships carrying cars may need to find a...

Manufacturers and shippers are scrambling to figure out where they can load or unload cargo while the main operations of the Port of Baltimore remain shut...
STILL STANDING: 
There is vacant office space in downtown Providence, but people in the local commercial real estate sector say landlords and banks haven’t reached a crisis level as others have nationwide. 
PBN PHOTO/­MICHAEL SALERNO

SHAKY GROUND: Distressed office real estate could undermine banks, wider economy

The former mayor of Providence is distressed. When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...

Impact of U.S. defaulting on its debt will be felt globally

WASHINGTON (AP) – If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America's economy would hardly sink alone.  The repercussions...

U.S. economy slowed but still grew at 2.9% rate last quarter

WASHINGTON (AP) – The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of...

Why Fed worries about the strongest U.S. job market in decades 

Chair Jerome Powell isn't as pleased with the robust U.S. job market as you might think he'd be, and he and the Federal Reserve...

Moody’s economist: R.I. job recovery could take 6 years

SMITHFIELD – An estimated three-year recovery to pandemic-related job losses nationally could take double the time in Rhode Island, Moody’s Analytics Chief Economist Mark...

Moody’s: R.I. faces worst fiscal shock in New England

PROVIDENCE – While state coffers across the country continue to feel the strain of the COVID-19 pandemic, the severity of prolonged fiscal shock may...

R.I. ranks No. 3 on weekly ‘Back-to-Normal’ economic index

PROVIDENCE – Rhode Island on Friday moved up to No. 3 on CNN Business and Moody’s Analytics’ “Back-to-Normal Index," which measures states’ economic recoveries...
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