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U.S. consumer sentiment drops to 6-month low on inflation, unemployment fears 

WASHINGTON (AP) – U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and...

Strong job growth powers R.I. economy in Q1

PROVIDENCE – Job growth helped power the state’s economy in the first quarter of 2024, the Rhode Island Public Expenditure Council and the Center...
RHODE ISLAND'S UNEMPLOYMENT RATE increased to 4% in March, according to the R.I. Department of Labor and Training. /AP FILE PHOTO / NAM Y. HUH

R.I. unemployment rises again, to 4% in March

CRANSTON – March's 4% state unemployment rate marks the sixth consecutive monthly increase. The seasonally adjusted rate is one-tenth of a percentage point higher...

U.S. applications for jobless benefits rise to highest level in two...

The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low...

R.I. monthly unemployment rises to 3.9% in February

CRANSTON – Rhode Island’s seasonally adjusted unemployment in February was 3.9%, three-tenths of a percentage point higher than the previous month, the R.I. Department...

R.I. monthly unemployment rises to 3.6% in January

CRANSTON – Rhode Island’s seasonally adjusted unemployment in January was 3.6%, two-tenths of a percentage point higher than the previous month, the R.I. Department...
GROWTH ­BARRIER: Thomas Tzitzouris, head of fixed income research at Strategas Research Partners, tells attendees of Providence Business News’ recent Economic Trends Summit that limited small-business creation is a weak spot in the state’s economy. 
PBN FILE PHOTO/MIKE SKORSKI

Glass half empty or full, economy needs biz investment to soar

Whatever your opinion is about the health of Rhode Island’s economy, there’s data to support it. If you think there’s cause for celebration, avoiding to...

R.I. manufacturing wages drop month over month in December

PROVIDENCE – Wages for manufacturing production workers dropped 21 cents to $25.34 per hour between November and December, according to the R.I. Department of Labor and...

R.I. ties Mass., Vermont for second-highest unemployment rate in New England

PROVIDENCE – Rhode Island tied both Massachusetts and Vermont for the second-highest unemployment rate in New England in December at 3.2%, which is still...

Job gains and free-spending shoppers lifted Wall Street in 2023, but...

NEW YORK (AP) – Job gains and raises helped power solid economic growth in the U.S. last year, but what if those gains were a mirage?  Gross...
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