Economic Indicators
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The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics. 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
While passenger traffic at T.F. Green Airport has declined consistently each month since January, airports in nearby Connecticut and Massachusetts have reported passenger increases, according to data compiled by Bernard Kavaler’s “Connecticut by the Numbers” website. more
With the drop of Rhode Island’s unemployment rate in July to 7.7 percent, the state no longer claimed the highest jobless rate in the country for the first time since October, the U.S. Bureau of Labor Statistics reported Monday. more
The cost for a middle-income family to raise a child born last year to age 18 is $245,340, a 1.8 percent increase from the previous year and the smallest jump since the financial crisis, according to the government. more
Customers are running up healthy restaurant and bar tabs at Rhode Island establishments this year, with state residents better off for it. more
American consumer confidence unexpectedly declined in August to a nine-month low, repressed by gloomy wage perceptions. more
Factory production increased in July at the fastest pace in five months as capital spending climbed and motor vehicle demand surged, indicating the industry is helping propel the U.S. economy. more
Rhode Island’s unemployment rate declined again in July to 7.7 percent, a slight drop compared with June but down almost 2 percentage points year over year, according to the R.I. Department of Labor and Training. more
Workers in the Providence-Fall River-Warwick metro area had an average hourly wage of $23 in May 2013, roughly 3 percent above the nationwide average of $22.33, according to the latest data from the U.S. Bureau of Labor Statistics. more
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