By PBN StaffTwitter: @ProvBusNews
Jobless rates were lower in March than a year earlier in 270 of the 387 metropolitan areas, including the Providence-Warwick metropolitan area, where it dropped to 6 percent from 6.9 percent.
PBN Web EditorTwitter: @loristabile
Rhode Islanders’ personal income grew 1.9 percent in fourth quarter 2015 compared with the prior year period, and 1.2 percent from fourth quarter 2007, the start of the Great Recession, according to The Pew Charitable Trusts.
By Victoria StilwellBloomberg News
Consumer spending rose less than forecast in March, wrapping up the weakest quarter in a year for the biggest part of the U.S. economy even as incomes accelerated.
By Michelle JamriskoBloomberg News
Worker pay in the U.S. rose as forecast in the first quarter, showing the steady drop in unemployment has yet to prompt employers to sweeten paychecks.
Rhode Island ranked 48th nationally – or third worst in the nation – for jobs and opportunity in March, according to a new study released Thursday by the Rhode Island Center for Freedom & Prosperity.
Jobless claims last week hovered around four-decade lows, showing the labor market remains the strongest part of the U.S. economy.
By Mohamed A. El-ErianBloomberg News
The Federal Reserve acted as expected Wednesday: It left interest rates unchanged and used language that was somewhat more hawkish, increasing the probability of a rate increase in June.