Economic Indicators
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Compensation costs rise 0.4 percent in New England
Compensation costs for civilian workers in New England rose 0.4 percent, seasonally adjusted for the 3 months ended June 30, the U.S. Bureau of Labor Statistic reported Tuesday. more
| 7/31/12
Occupancy rate surpasses 80% in Providence hotels
Hotels in Providence reached an 81.4 percent occupancy rate in June, their best rate since October 2004, according to an analysis recently released by Smith Travel Research. more
Oil falls for first day in five as European confidence worsens
Oil declined in New York for the first time in five days as European economic confidence worsened, fanning concern that fuel consumption may slow. more
Taco commitment to workers pays off
When Taco Inc. of Cranston celebrated the opening of its new Innovation & Development Center on June 18, the official ceremony felt more like a family get-together. Dignitaries mingled with employees, touring the new state-of-the-art facility. John H. White Jr., president of Taco, and his staff, wouldn’t want it any other way. more
Parking a city growth industry
Through the ups and downs of the always jittery Rhode Island economy, one Providence industry remains remarkably strong: parking. more
Mass. unemployment rate remains at 6%
BOSTON – The Mass. Executive Office of Labor and Workforce Development said last week that the state’s unemployment remained steady at 6 percent in June. more
7/30/12
MassBenchmarks: State growth outpaces nation in 2Q
Massachusetts’ real gross state product increased at a 4 percent annualized rate during the second quarter, according to the Current Economic Index report released Friday by MassBenchmarks. more
| 7/27/12
Vacancies decline in premium office space in first half of 2012
Downtown Providence office vacancies declined in the first half of 2012, leading to higher asking rents, but impending vacancies in large Class B buildings cast some uncertainty over the market, CB Richard Ellis New England said in its mid-year report. more
U.S. consumer sentiment gauge falls to lowest this year
Confidence among U.S. consumers dropped in July to the lowest level this year as the labor market and broader economy showed few signs of improvement. more
R.I. exports plunge 23.1% in May
Exports from Rhode Island plunged 23.1 percent in May, following a 7.4 percent increase in April, according to an international trade statistics report from e-forecasting.com. more
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