Updated November 29 at 6:26am
Economic Indicators
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Rhode Island’s unemployment rate continued its slow, downward slide, dipping to 5.3 percent in October, the state Department of Labor and Training reported Thursday. more
Gasoline prices plunged again in Rhode Island and Massachusetts this past week due to falling oil prices, 11 cents and 10 cents, respectively, AAA Southern New England said on Monday. more
Companies in the U.S. added 208,000 workers in November, indicating steady progress in the labor market, a private payrolls report showed. more
There was a 10 percent increase in the number of residential foreclosure deeds filed in Rhode Island in 2014 compared with 2013, according to a report from HousingWorks RI at Roger Williams University, which studied residential foreclosures in each of the state’s 39 cities and towns. more
Rhode Island was one of four New England states that saw sales of single-family homes increase year over year in February, according to the Federal Reserve’s latest Beige Book report on the economy. more
The Markit Economics preliminary index of U.S. manufacturing decreased to a three-month low of 54.2 in April from 55.7, the London-based group said Thursday. more
Fewer than 300,000 American workers filed applications for unemployment benefits for the sixth consecutive week, pointing to labor-market strength even as hiring cooled last month. more
Americans are spending money again. More than you probably think. Shopping with the most spare cash since 2008, consumers are giving U.S. companies record sales for discretionary items as well as the biggest boost to their shares in 25 years. more
Rhode Island’s economic performance lagged in April, and has been “disappointing” so far in 2015, according to Leonard Lardaro, an economist with the University of Rhode Island. more
Even before the remnants of eastern Massachusetts’ snowiest winter have melted, second-home buyers flocking to Cape Cod’s beach towns have helped Steve Clay’s team of agents break their sales record. more
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