By Victoria StilwellBloomberg News
Consumer spending climbed in April by the most in almost seven years, a sign U.S. households are ready to help jump start growth after a first-quarter slowdown.
By PBN StaffTwitter: @ProvBusNews
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.
By Shobhana ChandraBloomberg News
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.
By Michelle JamriskoBloomberg News
The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, reflecting less damage from trade and inventories.
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.
By Victoria Stilwell and Michelle Jamrisko
Jobless claims fell for a second week, indicating the surge at the start of May reflected temporary dismissals.
By Jeanna SmialekBloomberg News
A substantial share of Americans lacked retirement savings and fewer households were confident in the outlook for their income at the end of last year.