Economic Indicators
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R.I. unemployment rate drops to 10.8%
Rhode Island’s unemployment rate dropped to 10.8 percent in July, marking the third consecutive month of improvement for the state’s jobless rate, the R.I. Department of Labor and Training reported Friday. more
S&P 500 index climbs to 4-month high while commodities rally
Stocks jumped, sending the Standard & Poor’s 500 Index above its highest close in four months, as Cisco Systems Inc.’s sales topped estimates, U.S. building permits surged and … more
Housing starts in U.S. fall as permits reach 4-year high
New-home construction in the U.S. fell in July, while the number of building permits jumped to the highest level in four years, indicating the industry will keep improving in the second half of the year. more
Regional consumer prices rise 1.1% in July
The Consumer Price Index was essentially unchanged in the Northeast over the last 12 months, rising 1.1 percent to 244.98, the U.S. Bureau of Labor Statistics reported Wednesday. more
| 8/15/12
Report: R.I. economic recovery is slowing
The Rhode Island Current Economic Indicator for the second quarter of 2012 grew 0.4 percent, indicating that the Ocean State’s economic growth has slowed significantly in the first half of 2012, according to a report by Bryant University and the Rhode Island Public Expenditure Council. more
| 8/15/12
U.S. stock futures fall as New York-area manufacturing shrinks
U.S. stock-index futures dropped, indicating the Standard & Poor’s 500 Index will fall for a third straight day, after a Federal Reserve report showed manufacturing in the New York area unexpectedly contracted. more
Gas prices rise 7 cents in R.I., 9 cents in Mass.
Gas prices rose 7 cents this week in Rhode Island and 9 cents in Massachusetts, according to AAA Southern New England. more
| 8/14/12
Retail sales in U.S. increased more than forecast in July
Retail sales in the U.S. rose more than forecast in July as consumer spending rebounded at department stores, auto dealers and electronics outlets, easing some concern the biggest part of the economy was foundering. more
It’s still a tepid recovery, says Lardaro
Flawed labor market data continues to confuse assessment of the state’s economic recovery, University of Rhode Island economist Leonard Lardaro reports in his latest Current … more
Initial unemployment claims in R.I. drop 28% in 2Q
During the second quarter of 2012, 1,452 Rhode Islanders workers filed initial claims for unemployment, a 27.8 percent drop from the 2,011 workers who filed initial claims during the second quarter of 2011. more
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