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News
Lardaro: Recession may be over in R.I.
3+ hour, 15+ min ago (106+ words) PROVIDENCE – The recession may be over, with Rhode Island in the early stages of an economic recovery, University of Rhode Island economist Leonard Lardaro said Tuesday in his monthly Current Conditions Index report. The Current Conditions Index for June was…...
RIPEC: R.I.'s labor market weakens in Q2
1+ day, 6+ hour ago (89+ words) RIPEC: R.I.’s labor market weakens in Q2 Providence Business News PROVIDENCE – Rhode Island’s labor market weakened in the second quarter, the Rhode Island Public Expenditure Council and the Center for Global and Regional Economic Studies at Bryant University said in its…...
Audit flags 71 issues in state’s handling of $7B in federal funds
1+ day, 7+ hour ago (233+ words) PROVIDENCE – Rhode Island auditors flagged 71 issues in the state’s handling of more than $7 billion in federal funds for fiscal 2025, including compliance problems in several major federal programs, according to a report released July 30 by Auditor General David A. Bergantino. The…...
Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface
1+ week, 4+ day ago (979+ words) Join the celebration at Aldrich Mansion. Thank you to everyone who applied. By Emilio DiSpirito IV License Partner | Private Office Advisor Engel & Volkers Oceanside www.DiSpiritoteam.com… The elevated price marked a turn from lower oil prices enjoyed briefly when…...
R.I.’s monthly median home price rises to $550K in June
1+ week, 6+ day ago (93+ words) Providence Business News WARWICK – The median sale price of single-family homes in Rhode Island was $550,000 in June, 5.8% higher than a year ago, according to the Rhode Island Association of Realtors. Sales increased 14% year over year in June to 879, while pending…...
R.I.’s 4.1% June jobless rate 3rd highest in New England
2+ week, 3+ hour ago (147+ words) Providence Business News PROVIDENCE – Rhode Island’s June unemployment rate of 4.1% was the third highest in New England but below the national rate of 4.2%, according to the U.S. Bureau of Labor Statistics. Across the nation, unemployment rates were lower in…...
R.I. monthly unemployment falls to 4.1% in June
2+ week, 5+ day ago (161+ words) Providence Business News CRANSTON – Rhode Island’s seasonally adjusted unemployment rate in June was 4.1%, down from 4.3% in May, the R.I. Department of Labor and Training said Thursday. The U.S. unemployment rate was 4.2% in June, according to the DLT. The…...
U.S. hiring falls to just 57K in June amid elevated inflation, global turmoil
1+ mon, 2+ day ago (462+ words) The Labor Department said Thursday that the unemployment rate declined to a low 4.2% from 4.3% in May, though the decline mostly occurred because many people out of work gave up looking and were no longer counted as unemployed. The figures suggest…...
Citizens survey: Small-business optimism up amid uncertainty
1+ mon, 3+ day ago (328+ words) PROVIDENCE – Half of U.S. small-business owners expect revenue growth over the next three months, even as confidence in the broader economy continues to weaken, according to Citizens Financial Group Inc.’s third-quarter Business Pulse survey. Released quarterly, the Business Pulse…...
R.I.’s 4.3% monthly jobless rate is 3rd highest in New England
1+ mon, 1+ week ago (150+ words) Providence Business News PROVIDENCE – Rhode Island’s May unemployment rate of 4.3% was the third highest in New England and the same as the national rate of 4.3%, according to the U.S. Bureau of Labor Statistics. Across the nation, unemployment rates were…...