Economic Indicators
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Since the financial crisis, a Narragansett Bay-sized cloud of self-doubt or “irrational negativity,” as Gov. Lincoln D. Chafee described it, has been among the factors blamed for Rhode Island’s inability to regain its financial footing. more
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
The economy expanded at faster pace in the second quarter from the previous three months, a sign the U.S. was weathering federal budget cutbacks and higher taxes. more
Sales of single-family homes in Bristol County, Mass., increased 18.7 percent in July over their number a year ago, according to The Warren Group, slightly ahead of the year-over-year rate of increase shown across the Bay State. more
Goldman Sachs Group Inc., Visa Inc. and Nike Inc. will be added to the Dow Jones Industrial Average, replacing Bank of America Corp., Hewlett-Packard Co. and Alcoa Inc. in the biggest reshuffling since April 2004. more
Rhode Island and the Providence-Fall River-Warwick metropolitan area each saw unemployment rate declines in July from July 2012, according to U.S. Bureau of Labor Statistics non-seasonally adjusted data released Wednesday. more
New England businesses show signs of “cautious optimism” amid continued moderate economic growth in the region, according to the Federal Reserve Board’s Beige Book released Wednesday. more
The state unemployment rate edged up in July, though it remains lower than July of last year, according to a report released Thursday by the R.I. Department of Labor and Training. more
The U.S. economy expanded more than estimated in the second quarter, providing evidence that growth is picking up as the nation overcomes the effects of federal tax increases and budget cuts. more
Statistics released today by the Census Bureau present a portrait of a stagnant economy with poverty remaining high and incomes sluggish four years into the recovery from the worst slump since the Great Depression. more
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