Economic Indicators
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Rhode Island continued to have the third-highest unemployment rate in the nation in August at 7.7 percent, trailing only Georgia, which was No. 1 at 8.1 percent, and Mississippi, No. 2 with 7.9 percent, according to data released Friday from the U.S. Bureau of Labor Statistics. more
August’s unemployment rate in Rhode Island remained at 7.7 percent, unchanged from the month before, according to the R.I. Department of Labor and Training. more
Rhode Islanders had the largest share of residents living in poverty last year among the New England states, according to information from The Economic Progress Institute. more
The cost of living in the United States unexpectedly dropped in August for the first time in more than a year, showing inflation still is falling short of the Federal Reserve’s goal as policy makers meet. more
Real gross domestic product grew in 292 of the nation’s 381 metropolitan areas last year, but the Providence-Warwick area saw a slowdown in the growth rate for the period, according to information released by the U.S. Bureau of Economic Analysis on Tuesday. more
U.S. stocks rose and commodities rallied on a report that China’s central bank is boosting stimulus measures. Treasuries advanced while the dollar fell on bets the Federal Reserve won’t be in a hurry to raise rates. more
Private-industry employer costs for employee compensation in New England averaged $34.80 per hour in June, rising 40 cents in a six-month period, according to a quarterly U.S. Bureau of Labor Statistics report released Friday. more
If the region’s business leaders listened only to the chattering class or politicians with points to score, you get the sense they wouldn’t bother to get out of bed in the morning. After all, Rhode Island is dead last is every job-creation or business-climate list, right? more
The winning candidates in the fall elections may inherit a healthier economy than their campaign slogans suggest. more
Drivers across the U.S. enjoying the lowest pump prices for this time of year since 2010 will probably see further declines as refineries benefiting from the shale boom produce record amounts of fuel. more
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