Updated May 29 at 11:25am
Economic Activity
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The setting was Rosecliff, overlooking the ocean, and guests feasted on almond chicken, lobster salad, lobster and mushroom ravioli, assorted vegetables, clamcakes and mini stuffies, as well as vanilla ice cream topped with a chocolate chip cookie. The occasion was Providence Business News’ 30th anniversary gala event. more
A newly formed nonprofit corporation, Building Bridges Providence, will host a celebration on Saturday at the site of the city’s next downtown park. more
The Ocean State had the second-highest seasonally adjusted unemployment rate in New England in April at 5.3 percent, behind only Connecticut at 5.7 percent, the state Department of Labor and Training said this week. more
Rhode Island will receive an additional $629,160 in federal funding to continue to provide housing counseling to struggling Rhode Islanders through NeighborWorks America’s National Foreclosure Mitigation Counseling program, U.S. Sen. Jack F. Reed said this week. more
Consumer confidence in the U.S. climbed less than forecast in May as Americans were a little less ebullient about the economy’s prospects in the runup to the presidential election. more
The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, reflecting less damage from trade and inventories. more
What is the economic and cultural impact of the largest nonprofits based in Providence? By many measures, they help to define the capital city, which draws its identity in large part through the contributions of its universities and hospitals. … more
The Rhode Island Foundation awarded eight grants totaling $78,280 to fund individual projects in towns across Rhode Island on Thursday. more
Consumer confidence retreated last week as Americans became less upbeat about their household finances and the state of the economy, the weekly Bloomberg Consumer Comfort Index showed Thursday. more
Jobless claims fell for a second week, indicating the surge at the start of May reflected temporary dismissals. more
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