Economic Indicators
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New England jobless rate rises to 7.3% in August
New England’s unemployment rate rose 0.2 percentage points from July to August to 7.3 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 9/21/12 | 1 comment
Unemployment rate drops to 10.7% in August
The state’s jobless rate marked a fourth consecutive month of improvement in August, falling to 10.7 percent according to the R.I. Department of Labor and Training. more
More Americans than forecast filed jobless claims last week
More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening. more
Housing market recovery helping bolster U.S. expansion
Sales of previously owned homes and work on single-family projects climbed in August to the highest levels in two years, signaling the residential real-estate market is contributing to U.S. economic recovery. more
Most U.S. stocks fall amid concern over Europe
Most U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to the highest level since 2007, as FedEx Corp. slumped and concern grew that European leaders will struggle to resolve the region’s debt crisis. more
Treasuries climb as U.S. growth concern spurs demand for safety
Treasuries advanced for a second day, recouping more than half the losses posted since Federal Reserve policy makers announced more stimulus last week, on speculation economic growth will fail to spur employment gains. more
Current-account deficit in the U.S. narrowed in 2Q
The current-account deficit in the U.S. narrowed more than forecast in the second quarter, helped by a pickup in exports and a bigger income surplus. more
Gas prices surge 10 cents to September high
Gas prices in Rhode Island and Massachusetts surged 10 cents this week to the highest-ever prices for September, according to AAA Southern New England. more
| 9/17/12
Manufacturing in New York region shrinks more than forecast
Manufacturing in the New York region contracted more than forecast in September as orders shrank, a sign the world’s largest economy will get less support from the industry. more
Lardaro: R.I. recovery loses momentum in July
Rhode Island’s economic recovery continues to lose its momentum, most significantly in the manufacturing and retail sectors, according to University of Rhode Island economist Leonard Lardardo's July Current Conditions Index. more
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