Economic Indicators
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R.I. jobless remains 2nd-highest in U.S.
Rhode Island’s 10.9 percent unemployment rates remains the second worst in the country, as the state saw the largest year-to-year percent decrease in employment in the United States, according to a U.S. Bureau of Labor Statistics report released Friday. more
| 7/20/12
R.I. unemployment rate drops to 10.9%
The state’s unemployment rate dropped to 10.9 percent in June, according to the Rhode Island Department of Labor and Training. more
Mass. posts job loss for first time in 7 months
Although the Massachusetts unemployment rate remained at six percent in June, the state’s economy posted its first job losses since November, reported The Boston Globe. more
| 7/19/12
New England CPI rises 1.5 percent in June
The Consumer Price Index for was essentially unchanged in June in New England, rising 1.5 percent to 245.2 the U.S. Bureau of Labor Statistics reported Tuesday. more
| 7/17/12
Homebuilder confidence rises most since Sept. 2002
Confidence among U.S. homebuilders increased in July by the most in almost a decade, indicating further improvement in … more
U.S. industrial production increase is sign of resilience
Industrial production in the U.S. increased in June, led by gains among automobile and machinery makers that signal manufacturing is boosting economic growth. more
Pump prices climb 7 cents
Rhode Island’s gasoline prices rose 7 cents this week. The jump marks the first increase in Ocean State pump prices in 13 weeks, according to AAA Southern New England. more
| 7/16/12
U.S. stock futures fall as retail sales drop
U.S. stock futures fell, following the biggest one-day gain in two weeks for the Standard & Poor’s 500 Index, as a report showed retail sales in the world’s biggest economy unexpectedly dropped for a third straight month. more
Lardaro: R.I.’s recovery continues, slowly
Rhode Island’s economic recovery continues but is doing so at a slower pace, according to University of Rhode Island economist Leonard Lardaro’s Current Conditions Index. more
Waiting for trains to boost sales
Businesses at the Wickford Junction shopping center in North Kingstown hoping for a customer boost from commuters using the new $44 million train station next door will have to be patient. more
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