Economic Indicators
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Rhode Island’s average hotel occupancy rate for May increased 4.7 percent over last May, exceeding the 3.6 percent rate for New England, and tourism experts say new and trusted marketing strategies, and pent-up demand are the reason. more
Tim Grenier, owner of the Grenier Group in East Greenwich, is trying to fill out a Warwick Neck 8-lot subdivision by building a house or two at a time and using his own money to do it. more
Rhode Island’s economy was ranked the 46th fastest-growing state economy in the U.S., according to a recent analysis done by Business Insider. more
BOSTON – Newport is the 13th most-expensive summer destination in the U.S., while two Massachusetts communities ranked in the top three, according to a new survey from CheapHotels.org. more
U.S. stocks rebounded, with the Standard & Poor’s 500 Index erasing declines for the week, as signs tensions are easing in Ukraine outweighed concern over crises in the Middle East. more
Customers are running up healthy restaurant and bar tabs at Rhode Island establishments this year, with state residents better off for it. more
U.S. stocks advanced, after the Nasdaq Composite Index climbed to a 14-year high Monday, as retailers rallied on better-than-projected earnings while data showed inflation pressures remain limited and housing starts jumped. more
Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t be easy. more
The share of Americans 65 and older with mortgage debt rose to 30 percent in 2011 from 22 percent in 2001, according to a May analysis by the Consumer Financial Protection Bureau based on the latest available figures. more
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