Economic Activity
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Jack Welch’s experience could improve jobs data
Last week, after the U.S. Bureau of Labor Statistics announced an unexpected decline in September’s unemployment rate, former General Electric Co. CEO Jack Welch questioned the credibility of the data. more
Guest Column:
Jonathan Orszag and Peter Orszag | 10/15/12
Consumer sentiment in U.S. unexpectedly climbed in October
Confidence among U.S. consumers unexpectedly jumped in October to the highest level since before the recession began five years ago, raising the odds that retailers will see sales will see sales improve. more
Chafee plans review of economic-development proposals
Gov. Lincoln D. Chafee on Thursday met with top government, business, labor and nonprofit leaders about changing Rhode Island’s public-sector economic-development efforts, but offered no timeline or certainty to when any changes might take place. more
Jobless claims in U.S. fall to 4-year low in new quarter
Fewer Americans than forecast filed first-time claims for unemployment benefits last week, which may reflect difficulty adjusting the data for seasonal swings at the start of a new quarter. more
WJAR parent sells last newspaper
Media General Inc., parent company of WJAR-TV NBC 10, sold its last remaining newspaper – The Tampa Tribune – to Tampa Media Group Inc. more
| 10/9/12
In looking to sell Providence real estate, Projo sees value drop
The Providence Journal parent company A.H. Belo is looking to sell the paper’s “non-core” real estate holdings for $18.85 million, reported WPRI.com, cutting nearly in half the value it placed on the properties late in 2008. more
| 10/9/12
Providence metro ranks 94 in U.S.
The Providence area ranked 94 out of the 102 metropolitan areas across the U.S. ranked on The Business Journals’ October 2012 On Numbers Economic Index. more
| 10/9/12
R.I. gas prices stagnate, Mass. prices rise 4 cents
Gas prices in Rhode Island held steady at $3.97 this week after rising 1 cent last week, according to AAA Southern New England. more
| 10/9/12
Columbus Theatre to reopen
Columbus Theatre, the historic downtown theater shuttered in August 2009 for a number of building and fire code violations, will reopen next month with an all-ages celebration. more
Job openings, hires drop in Northeast in August
The number of job openings in the Northeast in August was 694,000, down 4.5 percent from July and 18.6 year-over-year since August 2011, not seasonally adjusted, according to the Job Openings and Labor Turnover report from the U.S. Bureau of Labor Statistics. more
| 10/11/12
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