Updated May 6 at 5:25pm
Economic Indicators
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Consumer credit in the U.S. rose more than projected in July, boosted by bigger credit-card balances and loans for automobiles. more
Treasuries gained after the Federal Reserve held interest rates near zero. more
Rhode Island led the nation with the largest year-over-year unemployment rate decrease in August at 1.8 percentage points. more
The momentum in orders for business equipment stalled in August following gains the prior two months as U.S. investment took a breather amid volatility in financial markets and concerns that global growth is slowing. more
Fewer Americans than forecast filed applications for unemployment benefits last week, a sign that a steady labor market will bolster U.S. growth. more
The Ocean State was among the top five states with the most mortgage payments late by 90 days or more in October. more
Rhode Island had the second-highest job growth in New England last year with a 1.8 percent gain, behind only Massachusetts, which reported 2.1 percent growth, according to the R.I. Department of Labor and Training. more
The sale of single-family homes in Rhode Island strengthened in November, climbing 12 percent over the same period in 2014. Median sale prices rose as well, increasing 6 percent to $220,000, according to the Rhode Island Association of Realtors. more
Rhode Island is one of the unfriendliest states when it comes to taxes, according to Kiplinger’s. more
The world’s largest economy expanded more than previously forecast in the second quarter, boosted by gains in consumer spending and construction that may help the U.S. withstand a global slowdown. more
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