Economic Indicators
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R.I. sees 3rd-highest construction job contraction in April
During the past year, construction employment in Rhode Island fell nearly 9 percent, or 1,400 jobs, according to the Associated General Contractors of America. more
U.S. stocks advance as leading indicators, sentiment gauges rise
U.S. stocks advanced, putting the Standard & Poor’s 500 Index on track for its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated. more
Even with jobless rate drop, R.I. stays No. 6 in U.S. at 8.8%
Despite the three-tenths of a percentage point decline in its unemployment rate in April, to 8.8 percent, Rhode Island still has the sixth-highest jobless rate in the nation, according to data released Friday by the U.S. Bureau of Labor Statistics. more
| 5/17/13
Velocity achieved in U.S. as growth for 2 years seen in poll
The U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll. more
Jobless rate drops to 8.8% in April, as workforce contracts more
Rhode Island’s unemployment rate fell to 8.8 percent in April, the 10th consecutive monthly drop in the jobless rate and the lowest it has been since October 2008, the R.I. Department of Labor and Training said Thursday. more
Consumer prices in U.S. dropped more than forecast in April
The cost of living in the United States fell in April for a second consecutive month, the first back-to-back declines in inflation since late 2008, as fuel prices retreated. more
Homebuilder confidence in U.S. climbs on improving outlook
Confidence among U.S. homebuilders improved in May for the first time in five months as buyers rush to take advantage of near record-low mortgage rates. more
Treasuries advance as yields near 7-week highs spur demand
Treasury 10-year notes gained for the first time in four days as yields at almost seven-week highs attracted buyers betting subdued inflation will bolster the value of the debt’s fixed payments. more
Bristol Co., Mass., foreclosure starts drop significantly in March
Bristol County, Mass., foreclosure starts plunged 78 percent in March compared with the same period last year, The Warren Group said Monday. more
| 5/13/13
U.S. stocks decline after record highs amid retail sales data
U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April. more
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