Economic Activity
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R.I. jobless rate unchanged in Nov.
Rhode Island’s unemployment rate remained at 10.4 percent for November, unchanged from the October 2012 rate and down seventh-tenths of a percentage point from November 2011, according to a report released Thursday by the R.I. Department of Labor and Training. more
| 12/20/12
R.I. 1 of 2 states to lose population in 2012
Rhode Island is one of only two states that lost population in 2011- 2012, according to a new report by the U.S. Census Bureau. more
| 12/20/12
Founders League celebrates kick-off with ‘EntrepreNew Years’
The Founders League, a partnership to help facilitate expansion in Rhode Island’s entrepreneurial environment, will celebrate its kick-off with an “EntrepreNew Years” celebration on Friday, Jan. 4. more
| 12/20/12
Foreclosures, delinquencies fall across the board in October
The Providence-Fall River-New Bedford area foreclosure rate dropped 0.33 percentage points in October compared with the same period last year, CoreLogic said Thursday. more
| 12/20/12
Initial jobless claims in U.S. rose last week to 361,000
The number of Americans filing first-time claims for unemployment insurance payments rose for the first time in five weeks, a sign further improvement in the labor market depends on faster economic growth. more
Newport preservation society lands $500K for fellowship program
The Preservation Society of Newport County has won a $500,000 challenge grant from the National Endowment for the Humanities to establish a fellowship program studying the city’s history. more
Hopedene mansion sells for record $16M
The 15-bedroom “Cliff Walk” mansion known as “Hopedene” has sold for $16 million, the highest purchase price of a Rhode Island home this year and second highest ever, Gustave White Sotheby’s International Real Estate announced Wednesday. more
Quonset sets records in December
In the past two weeks, the Quonset Business Park set two records, one on land and the other at sea, according to a release from the Quonset Development Corporation. more
| 12/19/12
R.I., Mass. personal income grow 0.3% in 3Q
Personal income in Rhode Island and Massachusetts both grew 0.3 percent during the third quarter as growth slowed down to 0.5 percent across the United States, according to a new report from the U.S. Bureau of Economic Analysis. more
| 12/19/12
Wall Street sees biggest return since ’03 as workers suffer
For employees at the biggest Wall Street banks, 2012 brought a humbling post-crisis reality of job cuts, lower pay and tarnished reputations. For investors, it was a happier story. more
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