Economic Indicators
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Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
Rhode Island’s unemployment rate held fairly steady this fall, although fewer Rhode Islanders were employed as the size of the labor force continued to shrink. more
Rhode Island’s economic health sustained a blow for the second time in eight months, and may struggle to improve for the rest of the year, according to University of Rhode Island economist Leonard Lardaro, who released his Current Conditions Index on Sunday. more
Rhode Island’s unemployment rate remained the highest in New England in September and October, rising to a seasonally adjusted 9.2 percent from 9.1 percent in August, the U.S. Bureau of Labor Statistics reported Friday. more
A partial shutdown of the federal government would cost the U.S. at least $300 million a day in lost economic output at the start, according to IHS Inc. more
Despite “worrisome economic indicators,” Rhode Island’s economy is looking better now than during the four-year period between 2008 and 2012, according to the fall 2013 New England Economic Outlook report from the New England Economic Partnership. more
Economic activity for the month of September reflected sustained, if not entirely consistent, positive momentum in the state’s economy, according to the statistician who produces the Current Conditions Index. more
U.S. Senate leaders are rushing to lock up an agreement to end the fiscal impasse, stepping in after House Republicans’ last-minute plan to avert a U.S. government default collapsed. more
Construction employment in Rhode Island rose 5.3 percent in October compared with the same period last year, adding 800 jobs for a total of 16,000 jobs, the Associated General Contractors of America reported Friday. more
Financial conditions tightened after the first face-to-face talks between President Barack Obama and congressional leaders failed to break the budget logjam as a partial U.S. government shutdown entered its third day. more
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