Economic Activity
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R.I. jobless rate falls to 9.8% in January
Rhode Island’s unemployment rate dropped to 0.1 percentage points to 9.8 percent in January, its lowest level since January 2009, the R.I. Department of Labor and Training reported Thursday. more
Household wealth in U.S. rises by $1.17 trillion
Household wealth in the U.S. climbed in the fourth quarter, propelled by a gain in home prices that is helping repair family finances. more
Hasbro retains sustainable printing label at Mass. facility
As part of Hasbro Inc.’s corporate responsibility strategy, one of its Massachusetts-based facilities has been “green” printing re-certified for a third consecutive year. more
Providence sells road bond issue at lower-than-expected interest rate
Rhode Island’s capital city successfully sold its $39.3 million general obligation road bond issue at lower than expected rates, Mayor Angel Taveras announced. more
| 3/7/13
Jobless claims in U.S. unexpectedly fall to a 6-week low
The number of Americans who filed for unemployment benefits declined to a six-week low, showing further improvement in the labor market. more
New England economy continues slow expansion, says Fed
New England’s economy activity continued to grow as 2013 started, “albeit slowly,” according to the Beige Book report released by the Federal Reserve Wednesday afternoon. more
Factory orders in U.S. decrease by the most in 5 months
Orders to U.S. factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. more
Conn.-based SI Financial Group buying Newport Fed
Newport Bancorp Inc., parent company of Newport Federal Savings Bank, is being bought by SI Financial Group Inc., the parent of Savings Institute Bank and Trust Company, for a combination of stock and cash valued at about $61.3 million. more
| 3/5/13
Corvias opens N.C. headquarters for student housing segment
The Corvias Group has opened a new headquarters in Cary, N.C., for its student housing division Corvias Campus Living, the company announced Tuesday. more
| 3/5/13
BankRI profits jump 35% as parent adds services office, 50 jobs in R.I.
Bank Rhode Island – the local subsidiary of Brookline Bancorp Inc. – saw net income jump 35.5 percent during 2012, according to its year-end report filed with the Federal Deposit Insurance Corporation. more
| 3/5/13
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