Updated January 16 at 5:16pm
Economic Indicators
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Economic conditions are “generally improving” across New England’s First District as businesses expect “more of the same,” according to the Federal Reserve’s Beige Book report released this week. more
Filings for U.S. unemployment benefits declined for a third consecutive week, signaling sustained firming in the labor market. more
Companies added 173,000 workers to payrolls in May following a revised 166,000 rise in the prior month, figures from the ADP Research Institute in Roseland, N.J., showed Thursday. more
Fidelity Investments is well known as a financial services giant, one of the nation’s largest companies specializing in investment and retirement planning. In Rhode Island, 14 percent of the state’s population has a retirement plan at the company through their workplace. more
The puzzle of slow U.S. growth that’s bedeviled Federal Reserve Chair Janet Yellen has some roots in a shortfall of good ole American entrepreneurship. more
Manufacturing unexpectedly expanded at a faster pace in May, helped by an increase in orders that signals U.S. factories are rebounding from an early-2016 slump. more
The Providence-Warwick-Fall River metropolitan area ranked 20th among the 40 largest metro areas in the country for its 4.2 percent home price increase over the year in March, according to Black Knight Financial Services. more
Gasoline prices rose 4 cents in Rhode Island and 3 cents in Massachusetts this week, marking the second consecutive week of increases, according to AAA Northeast. more
Consumer spending climbed in April by the most in almost seven years, a sign U.S. households are ready to help jump start growth after a first-quarter slowdown. more
The Ocean State had the second-highest seasonally adjusted unemployment rate in New England in April at 5.3 percent, behind only Connecticut at 5.7 percent, the state Department of Labor and Training said this week. more
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