Updated May 24 at 11:26pm
Economic Indicators
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The cost of living in the U.S. climbed in April by the most in three years an indication that inflation may be picking up toward the Federal Reserve’s goal. more
The Ocean State’s economy is picking up steam, according to the Rhode Island Current Economic Indicator briefing released Monday by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. more
After two weeks of increases, gasoline prices in Rhode Island fell a cent this week, AAA Northeast said Monday. more
Confidence among U.S. homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed Monday. more
The state experienced a “very disappointing” first quarter as Rhode Island’s economy was “expanding, but barely,” said University of Rhode Island economist Leonard Lardaro. more
Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the U.S. economy recover from an early-year slowdown. more
Consumer confidence in the United States jumped in May to the highest level in almost a year, propelled by the strongest views on inflation-adjusted income gains in a decade. more
While the overall employment picture in the Ocean State has improved over the last year – the number of employed Rhode Islanders increased by 2,500 from March 2015 to March 2016, the unemployment rate fell to 5.4 percent from 6.3 percent, and the … more
Consumer confidence fell last week to a five-month low as Americans became more downbeat about the economy, Bloomberg Consumer Comfort data showed Thursday. Sentiment around personal finances and the buying climate were little changed after declining the previous week. more
Applications for unemployment benefits unexpectedly increased last week to the highest level since February 2015, a sign progress in the U.S. job market is moderating. more
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