Economic Activity
917 results total, viewing 471 - 480
The number of residential properties in the Providence-Warwick metro area in negative equity fell to 56,608 in the first quarter, representing 16 percent of all residential mortgages, compared with 17.4 percent or 61,424 properties in the fourth quarter of 2013, according to a CoreLogic report released Thursday. more
The House Finance Committee late Thursday night passed an $8.7 billion state budget bill unveiled by Democratic leadership that would lower the state’s corporate tax rate and cut estate taxes, while raising the gas tax and motor vehicle fees. more
Employers added 217,000 jobs in May to push U.S. payrolls past their pre-recession peak and the jobless rate held at an almost six-year low as the economy gained traction. more
The R.I. House of Representatives early Friday morning passed an $8.7 billion state budget for fiscal 2015 that cuts some taxes, makes a payment on the 38 Studios bonds and bars communities from setting their own minimum wage. more
Rhode Island’s gross domestic product grew 1.4 percent in real terms in 2013, according to data released Wednesday by the U.S. Bureau of Economic Analysis, ranking the Ocean State 33rd in the country for economic growth during the year. more
United Natural Foods Inc., a national distributor of natural, organic and specialty food products, saw its bottom line rise 15.1 percent during its fiscal third quarter to $36.4 million, or 73 cents per diluted share, compared with $31.6 million, or 64 cents per diluted share, for the same period last year. more
U.S. stocks rose, extending a record for the Standard & Poor’s 500 Index, as Federal Reserve comments spurred optimism that the economic recovery will accelerate. more
Standard & Poor’s Ratings Services has upgraded Providence’s “BBB” credit outlook from stable to positive to reflect Mayor Angel Taveras’ efforts to improve the city’s fiscal management practices and general fund balance, Taveras’ administration announced Friday. more
Rhode Island’s May unemployment rate of 8.2 percent was the highest in the country for a seventh consecutive month, but Rhode Island was also one of 32 states with year-over-year unemployment rate declines designated statistically significant, the U.S. Bureau of Labor Statistics reported Friday. more
Rhode Island exports declined 7.1 percent in April compared with the previous month but increased 10.5 percent on a year-over-year basis, according to an e-forecasting.com report released June 17. more
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