Economic Indicators
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Private-industry employer costs for employee compensation in New England averaged $34.80 per hour in June, rising 40 cents in a six-month period, according to a quarterly U.S. Bureau of Labor Statistics report released Friday. more
Treasuries fell with U.S. stocks, while the dollar headed for its best week this year after data showing retail sales rose bolstered the case for the Federal Reserve to raise interest rates. more
American consumer confidence rose to the highest level in more than a year in September, as households’ views on the outlook for the economy brightened. more
An index of Rhode Island’s leading economic indicators increased 0.6 percent in July after an increase of 0.4 percent in June, the fifth consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
Job openings held close to a more than a 13-year high in July as employers remained confident about the outlook for demand in the world’s biggest economy. more
Gasoline prices fell a penny in Rhode Island, and gained a penny in Massachusetts, according to the weekly survey by AAA Southern New England. more
Registering a positive value of 75, Rhode Island’s economic momentum for July is providing a “glimmer of hope” in a year that has mostly disappointed to date, University of Rhode Island economist Leonard Lardaro said Monday. more
Business activity appears to be improving in New England, with retail and manufacturing companies throughout the region reporting increases in revenue or year-over-year sales and commercial and real estate markets largely unchanged from the last report, according to the Federal Reserve Board’s Beige Book released Sept. 3. more
(Updated, 12:35 p.m.) Investors betting the Federal Reserve will accelerate its timetable for an interest-rate increase may have to think again after Friday’s jobs report. more
(Updated, 11:45 a.m.) American employers hired fewer workers than forecast in August, and the jobless rate dropped because people left the workforce, bolstering those on the Federal Reserve who want to be more deliberate in removing monetary stimulus. more
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