United States Congress Joint Economic Committee

Rhode Island

August 2019

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Rhode Island Unemployment (U-3) 3.5% 3.6% 3.9%
U.S. Official Rate (U-3) 3.7% 3.7% 3.9%
U.S. "Real" Rate (U-6) 7.0% 7.2% 7.5%
Rhode Island Labor Force Participation Rate 64.1% 64.0% 64.5%
U.S. Labor Force Participation Rate 63.0% 62.9% 62.9%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.6% 1.8% 2.9%
"Core" CPI Inflation 2.1% 2.0% 2.3%
National Gas/gal. Updated 8/20/19 12:00 AM $2.61 $2.78 $2.83
Rhode Island Gas/gal. $2.62 $2.75 $2.89
Northeast Region: Loaf of Bread $1.19 $1.18 $1.22
Northeast Region: Ground Beef/lb. $3.85 $3.74 $4.16
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2019 (Advance Estimate)
2.1%
RI Real GDP
Q2/2018
2.8%
S&P 500 (YTD)
16.63% Updated 8/20/19 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
RI Hourly Rate
$10.50
Last Generated: 8/20/19 8:35 AM