Economic Indicators
510 results total, viewing 61 - 70
Rhode Island added 1,100 construction jobs between May 2013 and May 2014, an increase of 6.8 percent that ranked the state 12th in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported. more
Purchases of previously owned U.S. homes rose in May by the most in almost three years, a sign the industry is stabilizing after a weather-depressed quarter. more
Passenger traffic at T.F. Green Airport declined 7.8 percent in May, the largest year-over-year drop for a single month so far this year, according to numbers released Friday by the R.I. Airport Corporation. more
Is airline consolidation really so bad for the flying public? On the surface it would seem that way. In 2013, for instance, 85 percent of all U.S. domestic passengers flew on one of just four airlines -– each of which expanded substantially as a result of a merger or acquisition between 2008 and 2013. Meanwhile, between 2007 and 2012, airfares rose 4 percent. Consolidation appears to have reduced competition. more
The two-year-old U.S. housing recovery is faltering. The Mortgage Bankers Association on Wednesday lowered its forecast for combined new and existing home sales in 2014 to 5.28 million - a decline of 4.1 percent that would be the first annual drop in four years. more
Rhode Island’s May unemployment rate of 8.2 percent was the highest in the country for a seventh consecutive month, but Rhode Island was also one of 32 states with year-over-year unemployment rate declines designated statistically significant, the U.S. Bureau of Labor Statistics reported Friday. more
Standard & Poor’s Ratings Services has upgraded Providence’s “BBB” credit outlook from stable to positive to reflect Mayor Angel Taveras’ efforts to improve the city’s fiscal management practices and general fund balance, Taveras’ administration announced Friday. more
U.S. stocks rose, extending a record for the Standard & Poor’s 500 Index, as Federal Reserve comments spurred optimism that the economic recovery will accelerate. more
Unemployment in Rhode Island slid one-tenth of a percentage point in May to a seasonally adjusted 8.2 percent, down from 8.3 percent in April, the R.I. Department of Labor and Training reported Thursday. Last month also represented the first time since April 2013 that the state’s civilian labor force improved on both a month-over-month and year-over-year basis. more
Fewer Americans are filing applications for unemployment benefits, consumer confidence is rising and manufacturing is picking up as the world’s largest economy shows additional signs of strengthening. more
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