Updated July 3 at 9:03pm
Economic Indicators
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The trade deficit in the United States unexpectedly narrowed in July to the lowest level in six months as exports climbed to a record. 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
U.S. Bancorp, the nation’s largest regional lender, reported third-quarter profit that matched analysts’ estimates as the company made more loans to businesses. more
Democrat Gina Raimondo focused her campaign for Rhode Island’s governorship on turning around the New England state’s ailing economy by reviving factories that were once a fount of middle-class jobs. more
Employment increased in 305 of the 339 largest U.S. counties from June 2013 to June 2014, including in Providence, which saw a 1.7 percent increase, which was below national employment increase of 2 percent, according to recently released data from the federal Bureau of Labor Statistics. more
U.S. stocks rose and commodities rallied on a report that China’s central bank is boosting stimulus measures. Treasuries advanced while the dollar fell on bets the Federal Reserve won’t be in a hurry to raise rates. more
Real gross domestic product grew in 292 of the nation’s 381 metropolitan areas last year, but the Providence-Warwick area saw a slowdown in the growth rate for the period, according to information released by the U.S. Bureau of Economic Analysis on Tuesday. more
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