Updated July 29 at 9:29am
Economic Activity
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The Providence-Warwick metropolitan area was among 344 out of 387 metropolitan areas that had April jobless rates lower than they were a year earlier at 5.5 percent, a drop of 2.2 percentage points from April 2014, according to the federal Bureau of Labor Statistics. more
The slowest going in 13 months for service providers including retailers and restaurants indicates a weaker pace for the U.S. recovery from a first-quarter contraction. more
Fewer workers filed applications for unemployment benefits last week, signaling the U.S. job market remains firm even after growth plunged at the start of the year. more
Payrolls climbed in May by the most in five months and worker pay accelerated, showing companies were upbeat about the U.S. economy’s prospects after an early-year slump. more
(Updated, 5:40 p.m.) A package of economic development incentives proposed in the budget of Gov. Gina M. Raimondo will head to the House floor on Tuesday largely intact, with only selected modifications made by lawmakers. more
(Updated 3:02 and 4:51 p.m.) The Senate majority leader said he plans to introduce legislation Thursday that will create a tax stabilization standard for the Interstate 195 redevelopment corridor, one that would provide a 20-year phase-in for taxes. more
Sales of single-family homes in Massachusetts fell by 7.6 percent year over year in April, according to data from The Warren Group, publisher of Banker & Tradesmen. more
Financial markets barely shuddered after Greek voters rejected austerity demands, with the euro slipping less than 0.5 percent and U.S. stocks paring losses, in a sign investors see the crisis there as contained for now. more
The governor said he was never told that Boston’s bid for the 2024 summer Olympics included plans to use an expanded convention center in South Boston, the Boston Business Journal reported. more
(Updated 3:24 p.m.) Room revenue at 10 downtown hotels climbed 25.5 percent in April and 19.7 percent in March, compared with last year, according to Martha Sheridan, president and CEO of Providence Warwick Convention & Visitors Bureau. more
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