Economic Indicators
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Job openings in the U.S. increased less than expected in January, a sign labor market cooling from late 2013 persisted as severe winter weather hammered the eastern and mid-western U.S. more
Gasoline prices rose for a fifth consecutive week in Rhode Island and Massachusetts, mirroring national energy price trends, according to the weekly survey by AAA Southern New England. more
President Barack Obama’s advisers said the U.S. economy is on track to strengthen and add more jobs in the next two years because many of the impediments to faster growth have subsided. more
The new year brought mixed economic results in Rhode Island, as discouraging unemployment data offset positive revisions of January payroll estimates, according to the Current Conditions Index produced by University of Rhode Island economist Leonard Lardaro. more
Employers added more workers than projected in February, indicating the U.S. economy is starting to bounce back from a weather-induced setback. The jobless rate unexpectedly climbed from a five-year low. more
Rhode Island’s seasonally adjusted unemployment rate inched downward in January to 9.2 percent, the lowest rate since November 2008, according to the latest monthly report from the R.I. Department of Labor and Training. The state’s civilian labor force totaled 550,300 in January, up 200 from December 2013 but down 9,700 from January 2013. more
Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances. more
About 90 percent of Rhode Island business leaders think the U.S. economy will improve in the next 12 months, based on a survey taken by about 350 attendees at the Santander Bank and Greater Providence Chamber of Commerce Economic Outlook Breakfast at the Omni Hotel on Thursday. more
Despite severe winter weather during the first months of 2014 that put pressure on New England business owners in several industries, the overall economic outlook remains cautiously optimistic, according to the Federal Reserve Board’s Beige Book released Wednesday. more
Fewer Americans than projected filed applications for unemployment benefits last week, an indication companies are holding on to staff even as cold weather threatens to slow the world’s largest economy. more
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