Economic Indicators
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May single-family home sales up year-over-year
Rhode Island single-family home sales rose 15 percent in May compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
U.S. stocks swing ahead of Fed statement
U.S. stocks fluctuated, after a four-day gain in the Standard & Poor’s 500 Index, ahead of a Federal Reserve decision on whether it will boost the economy. more
Report: Minimum wage bump will cost 200 jobs
By raising the state minimum wage from $7.40 to $7.75, the General Assembly will make it even more difficult for teenagers to find jobs, according to a new report from the Rhode Island Center for Freedom and Prosperity. more
| 6/18/12 | 2 comments
Pump prices drop another 6 cents in R.I.
Rhode Island’s gasoline price dropped 6 more cents this week in the ninth consecutive week of declines, according to AAA Southern New England. more
| 6/18/12
Oil falls in New York on European debt concern after Greek poll
Oil dropped in New York as rising Spanish borrowing costs pushed the dollar higher, adding to concern that Europe’s debt crisis will curb crude demand. more
Jobless rate drops slightly across New England
New England’s unemployment rate remained essentially unchanged in May, dropping to 6.8 percent compared with 6.9 percent in April, the U.S. Bureau of Labor Statistics announced Friday. more
| 6/15/12
U.S. stock futures rise on speculation central banks will act
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will complete a second straight weekly advance, on speculation central banks will act to boost economies as Europe’s debt crisis threatens growth. more
Unemployment rate drops in May
Rhode Island’s unemployment rate dropped for the first time in three months to 11 percent in May, a two-tenths of a percentage point decrease from April, the R.I. Department of Labor reported Friday. more
Treasuries fall before U.S. bond sale amid stimulus speculation
Treasuries fell before the U.S. auctions $13 billion of 30-year bonds at what may be a record low yield amid speculation the Federal Reserve may take further measures to spur economic growth. more
Foreclosure filings fall in Providence metro
Lenders initiated 32 percent fewer foreclosure filings in the Providence-Fall River–New Bedford area in May than they did during the same period 2011, RealtyTrac said Thursday. more
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