Updated May 22 at 9:23am
Economic Indicators
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The cost of living excluding food and fuel rose at a faster pace than expected in April, indicating inflation is inching toward the Federal Reserve’s goal. more
U.S. stock-index futures were little changed, with the Standard & Poor’s 500 Index at a record, before a speech in Rhode Island by Federal Reserve Janet Yellen kicks off Memorial Day weekend. more
Rhode Island’s seasonally adjusted unemployment for April dropped to 6.1 percent, two-tenths of a percentage point lower than it was in March, according to data released Thursday by the R.I. Department of Labor and Training. more
The average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15-year low, a sign the labor market continues to strengthen. more
Incomes have not kept pace with rental costs, leaving affordable rental housing out of reach for many Rhode Islanders, according to a new national report. more
New residential construction in the U.S.surged in April to the highest level in more than seven years, indicating the industry regained its footing after the soft patch at the beginning of the year. more
Gas prices rose by a cent in Rhode Island, and fell by a cent in Massachusetts, according to AAA Northeast’s weekly survey of gasoline prices. more
The U.S. is supposed to be six years away from the worst of the financial crisis and ensuing recession, but Americans don’t seem to be feeling at all sure that the economy is recovering. more
Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed. more
A special business-development session for defense industry manufacturers will be held next week through STEAM Engine USA. more
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