Economic Indicators
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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
Rhode Island’s unemployment rate held fairly steady this fall, although fewer Rhode Islanders were employed as the size of the labor force continued to shrink. more
Rhode Island’s economic health sustained a blow for the second time in eight months, and may struggle to improve for the rest of the year, according to University of Rhode Island economist Leonard Lardaro, who released his Current Conditions Index on Sunday. more
Rhode Island’s unemployment rate remained the highest in New England in September and October, rising to a seasonally adjusted 9.2 percent from 9.1 percent in August, the U.S. Bureau of Labor Statistics reported Friday. more
A partial shutdown of the federal government would cost the U.S. at least $300 million a day in lost economic output at the start, according to IHS Inc. more
A shutdown of the U.S. government would reduce fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, economists say, as government workers from park rangers to telephone receptionists are furloughed. more
Despite “worrisome economic indicators,” Rhode Island’s economy is looking better now than during the four-year period between 2008 and 2012, according to the fall 2013 New England Economic Outlook report from the New England Economic Partnership. more
Tourists beat a steady path to Rhode Island during the summer 2013, from beaches to cultural events and historic sites. While early estimates show a modest uptick overall, the approximations are, at the very least, a promising sign in one segment of the Ocean State’s sluggish economy. more
Home prices in the Providence metro area rose slightly in July over the previous month, according to the LPS Home Price Index released Monday. more
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