Monthly Economic Update - State of Rhode Island August 12, 2009 U.S. Gross Domestic Product- GDP (SAAR)

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Monthly Economic Update - State of Rhode Island August 12, 2009

U.S. Gross Domestic Product- GDP (SAAR)

Period

Level (billions, 2005 chained dollars)

Percent change from prior quarter (AR)

Percent change from year-ago quarter

Q2 2009 advance 12,892.4 -1.0 -3.9

U.S. Federal Funds Target Rate

Period Level (percent) Level in year-ago period

August 12, 2009 0 to 0.25 2.00

Total Nonagricultural Employment (SA)

Period Level (thousands of jobs)

Percent change from prior month (AR)

Percent change from year-ago month

United States July 2009 131,488 -2.2 -4.2

New England June 2009 6,814.8 -1.5 -3.4

Rhode Island 462.9 -2.3 -4.1

Providence-Fall River-Warwick NECTA (NSA)* 554.2 * -4.3

Unemployment Rate (SA)

Period Level (percent) Level in prior month Level in year-ago month

United States July 2009 9.4 9.5 5.8

New England June 2009 8.5 8.3 5.3

Rhode Island 12.4 12.1 7.7

Providence-Fall River-Warwick NECTA 12.4 12.7 7.4

Average Weekly Initial Claims for

Unemployment Insurance (SA)

Period Level (thousands)

United States June 2009 NA NA

New England 24,655 29.3

Rhode Island 1,897 7.0

Total Personal Income (SAAR)

Period Level (millions of dollars)

United States Q1 2009 12,037,360 -2.1 0.8

New England 695,517 -2.7 0.7

Rhode Island 43,405 -2.5 0.9

Employer Cost Index- ECI (NSA)

Period Level (index, Q4 1995=100)

Percent change from prior period (AR)

Percent change from year-ago period

United States Q1 2009 109.3 1.5 1.9

New England 109.9 1.5 3.0

Consumer Price Index- CPI (NSA)

Period Level (index, 1982-84=100)

Percent change from prior period (AR)

Percent change from year-ago period

United States June 2009 215.7 10.8 -1.4

Boston (New England) May 2009 231.9 -0.7 -1.5

The CPI for the Boston area is published every other month and covers parts of Rhode Island, Maine, Massachusetts, and New Hampshire.

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Monthly Economic Update - State of Rhode Island August 12, 2009

Home Price Index (NSA)

Period

Level (index, Q1 1980=100;

Q1 1995=100 for metro areas)

United States Q1 2009 370.0 1.7 -3.3

New England 583.6 -0.4 -3.9

Rhode Island 530.4 0.9 -7.4

Providence-Fall River-Warwick MSA 231.0 1.1 -6.8

Total Housing Permits

Period Level (units authorized)

United States (SA) June 2009 48,000 -51.0

New England (SA) 1,277 -60.2

Rhode Island (SA) 59 -50.1

Providence-New Bedford-Fall River (NSA) 97 -47.8

Existing-Home Sales (SAAR)

Period Level (thousands of units)

United States Q2 2009 4,757 -2.9

New England 196.8 -10.9

Rhode Island 13.6 0.0

Total Merchandise Exports (NSA)

Period Level (millions of dollars)

United States Q1 2009 246,770 -22.3

New England 11,966 -13.1

Rhode Island 324 -25.7

AR= annual rate SA= seasonally adjusted NSA= not seasonally adjusted

SAAR= seasonally adjusted at an annual rate NA= not available

Sources:

Bureau of Economic Analysis (GDP, Income)

Bureau of Labor Statistics (Employment, Unemployment, CPI, ECI) Census Bureau (Housing Permits)

Department of Labor (Claims for Unemployment Insurance) Federal Reserve Bank of New York (Federal Funds Rate) National Association of Realtors (Existing-Home Sales) Federal Housing Finance Agency (Home Price Index) World Institute for Strategic Economic Research (Exports)

*Seasonally adjusted data are not available for this NECTA. Month-to-month comparisons are not meaningful.