Economic Indicators
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When tensions over the Black Sea confrontation fell last week, global markets rallied to multiyear highs. In the United States, the S&P 500 closed at an all-time high of 1873.91. Other markets set new multiyear or all-time highs as well. The world is breaking out. more
The U.S. economy grew more rapidly in the fourth quarter than previously estimated as consumer spending climbed by the most in three years, showing the expansion had momentum heading into this year’s harsh winter. more
U.S. stocks climbed, with the Standard & Poor’s 500 Index poised for a fifth quarterly gain, as Federal Reserve Chair Janet Yellen signaled continued monetary support and tensions appeared to ease in Ukraine. more
Consumer confidence in the U.S. unexpectedly dropped in March to a four-month low, indicating household spending may be slow to pick up from a weather-related setback earlier this year. more
A new study by Arizona State University ranks Rhode Island 28th in the country for year-over-year job growth, based on an analysis of U.S. Bureau of Labor Statistics data. In terms of specific industries, Rhode Island made its best showing for manufacturing-job growth. more
Rhode Island single-family home sales fell 5 percent in February compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
Construction employment in Rhode Island rose 1.9 percent in February compared with the same period last year, adding 300 jobs for a total of 16,400 jobs, the Associated General Contractors of America reported Friday. more
Rhode Island’s 9 percent unemployment rate again ranked as the highest in the country in February, and Rhode Island was the only state to post a jobless rate at or above 9 percent, the U.S. Bureau of Labor Statistics reported Friday. more
Fitch Ratings has assigned a AA rating to Rhode Island’s $79.5 million in 2014 consolidated capital-development general-obligation bonds, the agency announced Wednesday. more
Gains in manufacturing are helping power the U.S. out of the winter doldrums, while homebuilding shows signs of lagging behind. more
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