Economic Activity
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Consumer spending rose in November by the most in five months as Americans took advantage of store discounts during the year-end shopping season, giving the world’s largest economy a lift. more
The U.S. economy expanded in the third quarter at a faster rate than previously estimated as consumers stepped up spending on services such as health care and companies invested more in software. more
The Federal Reserve announced plans to cut its monthly bond purchases to $75 billion from $85 billion, taking its first step toward unwinding the unprecedented stimulus that Chairman Ben S. Bernanke put in place to help the economy recover from the worst recession since the 1930s. more
The average weekly wage in Providence County rose to $908 in the second quarter of 2013, a 2 percent increase over the same period last year, the U.S. Bureau of Labor Statistics reported Wednesday. more
Gasoline prices rose a penny in both Rhode Island and Massachusetts this week, marking the fifth consecutive week of price increases, according to the weekly survey by AAA Southern New England. more
The index of U.S. leading indicators rose more than forecast in November, a sign the economic expansion will gain traction in the months to come. more
U.S. stocks rose, with the Standard & Poor’s 500 Index poised for its biggest annual advance since 1997, as data showed consumer confidence increased in December and housing prices jumped in October. more
Construction employment in the Providence-Fall River-Warwick metro area rose 5 percent in November compared with the same period last year, adding 900 jobs for a total of 20,800 jobs, the Associated General Contractors of America reported Tuesday. more
Consumer confidence in the U.S. climbed more than projected in December as Americans’ views of current economic conditions jumped to the highest level since April 2008. more
Rhode Island ranked at the middle of the pack on the Allied Van Lines 2013 ranking of the U.S. states in terms of net inbound/outbound migration, calculated as the difference between inbound and outbound moves performed by Allied Van Lines over the year. more
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