Economic Indicators
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The U.S. economy expanded at a 3.2 percent pace in the fourth quarter as Americans’ spending climbed the most in three years, laying the ground for further improvement in 2014. more
Rhode Island’s December unemployment rate of 9.1 percent ranked as the highest unemployment rate in the country for the second month in a row, the U.S. Bureau of Labor Statistics reported Tuesday. more
Orders for durable goods unexpectedly slumped in December by the most in five months, reflecting a broad-based retreat that raises the risk business investment will cool in early 2014. more
As 2013 came to a close, the seasonally adjusted unemployment rate for Rhode Island inched upward to 9.1 percent, a one-tenth of a percentage point increase from 9 percent in November. more
Economic data service e-forecasting.com has released a study that projects Rhode Island is in the midst of a real gross state product trough that will moderate only slightly in 2014 and that the state only will see substantial growth in its economy begin in 2015. more
For the second week in a row, the price of gasoline fell in both Rhode Island and Massachusetts, according to AAA Southern New England. more
Rhode Island exports rose $5.3 million, or 2.9 percent, in November, according to an e-forecasting.com report. more
An analysis of Rhode Island’s tax data, released Thursday by the R.I. Department of Labor and Training, showed more growth in the state’s private-sector employment during the third quarter of 2013 than originally estimated. more
An improving U.S. economy is underpinning inflation, limiting firings and lifting consumers’ moods, brightening the outlook for growth at the start of 2014. more
New England business owners conveyed strong optimism about prospects in 2014, with sales or revenue increases reported throughout the retail, manufacturing and consulting sectors, according to the Federal Reserve Board’s Beige Book released Wednesday. more
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