Economic Indicators
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Approximately 36.1 million Americans will travel from home during Memorial Day weekend, an increase of 1.5 percent over last year’s 35.5 million travelers, AAA Southern New England estimates. more
U.S. stocks rose, following the first back-to-back weekly losses since January for the Standard & Poor’s 500 Index, as Internet and small-cap shares extended a rally after a selloff. more
Rhode Island added 1,300 construction jobs in the month of April, an 8.1 percent increase over the same month last year, ranking the Ocean State sixth in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported. more
At the Port of Davisville in North Kingstown, 250,000 cars will arrive by ship, rail and truck from major auto manufacturers this year, making it one of the nation’s top unloading spots for auto imports. more
Rhode Island’s unemployment rate remained the highest in the country in April despite a drop to 8.3 percent, the U.S. Bureau of Labor Statistics reported Friday. more
Treasury 30-year bonds extended their rally this year to 13 percent as Europe’s economic growth lags behind expectations and central bankers around the world make the case for keeping interest rates low. more
(Updated, 5:12 p.m.) Rhode Island’s unemployment rate dropped to 8.3 percent in April from 8.7 in March, according to seasonally adjusted data provided by the R.I. Department of Labor and Training. The U.S. unemployment rate dipped to 6.3 percent in April from 6.7 percent in March. more
The R.I. Department of Revenue collected $20.7 million less than expected in April, resulting in a 6 percent monthly total general revenue shortfall compared with the state’s original revenue projections, the department reported Thursday. more
The Northeast regionally Consumer Price Index rose 1.6 percent on a non-seasonally adjusted basis during the 12 months ended in April, a less significant increase than the 2 percent jump in consumer prices nationally, according to a report from the U.S. Bureau of Labor Statistics. more
Prices paid to American factories and service producers rose in April by the most in more than a year, indicating a diminishing risk of deflation as demand improves. more
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