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
The economy expanded at faster pace in the second quarter from the previous three months, a sign the U.S. was weathering federal budget cutbacks and higher taxes. more
Statistics released today by the Census Bureau present a portrait of a stagnant economy with poverty remaining high and incomes sluggish four years into the recovery from the worst slump since the Great Depression. more
Rhode Island’s seasonally adjusted unemployment rate for August climbed to 9.1 percent, an increase from 8.9 percent in July, the R.I. Department of Labor and Training reported Thursday. more
Rhode Island’s seasonally adjusted unemployment rate remained the highest in New England in August, rising to 9.1 percent from 8.9 percent in July, the U.S. Bureau of Labor Statistics reported Friday. 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
In 2012, 13.7 percent of Rhode Islanders, or close to 139,000 people, lived in households with income below the federal poverty level, according to the latest figures released by the U.S. Census Bureau’s American Community Survey. 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
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