Updated August 2 at 3:11pm
Economic Indicators
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Rhode Island’s jobless rate for May dipped below 6 percent, to 5.9 percent, for the first time since 2007, the state Department of Labor and Training reported Thursday. more
Providence was among 319 U.S. counties that experienced employment increases year over year in December, the U.S. Bureau of Labor Statistics said. more
Consumer confidence stabilized after falling a record nine straight weeks as Americans became less downbeat about the economy. more
Fewer Americans than forecast filed for unemployment benefits last week, a sign labor market momentum continues to strengthen. more
The cost of living in the U.S. excluding food and fuel rose less than forecast in May, a sign inflation may take time to meet the Federal Reserve’s goal. more
Revenue exceeded expectations in both May and on a fiscal year-to-date basis, according to the state Department of Revenue. more
Rhode Island was among the top five states with “underwater” mortgages in the first quarter, according to data released Tuesday by CoreLogic. more
Confidence among U.S. homebuilders rebounded in June to a nine-month high as warmer weather and a brighter economic outlook drew prospective buyers back to the market. more
Rhode Island’s economic performance lagged in April, and has been “disappointing” so far in 2015, according to Leonard Lardaro, an economist with the University of Rhode Island. more
Rhode Island’s minimum wage will soon climb 60 cents to $9.60 an hour. more
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