Economic Activity
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Regional consumer prices rise 1.9% in October
The Consumer Price Index in the Northeast rose 1.9 percent over the last 12 months to 246.13 in October, the U.S. Bureau of Labor Statistics reported Thursday. more
| 11/15/12
Lardaro: Economic growth continues in R.I. in Nov.
The Rhode Island economy performed well for a second consecutive month in November, raising the likelihood of a period of sustained growth, University of Rhode Island economist Leonard Lardaro said in his Current Conditions Index Monday. more
Climate change curbs may cost $700B a year, report shows
About $700 billion a year of new spending on renewable power, low-carbon transport and energy efficiency is needed to meet the United Nations goal to cap temperature rises, a report for the World Economic Forum showed. more
Gasoline rises as storm aftereffects curb East Coast supplies
Gasoline rose on speculation that East Coast stockpiles of the motor fuel will remain constrained as Phillips 66 said its New Jersey refinery will be shut as long as three weeks to recover from Hurricane Sandy. more
Providence area employment still below pre-recession numbers
Four-fifths of the 102 major metropolitan areas in the United States, including the Providence metro area, still have fewer private-sector jobs than they did in 2007 before the recession hit. more
| 11/13/12
Jobless rate falls slightly in New England in November
New England’s unemployment rate dropped 0.1 percentage points from October to November to 7.3 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 12/21/12
Trade deficit in U.S. jumps on pre-holiday surge in imports
The trade deficit unexpectedly widened in November as American retailers stocked up on imported goods for the holidays and demand for foreign automobiles rebounded following superstorm Sandy. more
Sam’s, BJ’s battle for Seekonk businesses
Eats owner George Mihailides looks forward to the periodic visits to the restaurant on 1395 Fall River Ave., in Seekonk, by staff of the nearby Sam’s Club. more

By Michael Souza
PBN Staff Writer | 10/22/12

PBN named ‘Distinguished Newspaper’ for 2012
Providence Business News was named a “Distinguished Newspaper” by the New England Newspaper & Press Association for the second time in the last three years at the organization’s 2012 Fall Conference Thursday. more
| 10/12/12
Fitch rates Providence bonds ‘BBB,’ outlook negative
Fitch Ratings has ranked Providence’s general obligation bonds as “BBB,” outlook negative, due to what the global ratings company said was “remaining uncertainly” and the fact that the city still faces “financial pressure and limited flexibility.” more
| 2/15/13
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