Economic Activity
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(Updated, 5:12 p.m.) Rhode Island’s unemployment rate dropped to 8.3 percent in April from 8.7 in March, according to seasonally adjusted data provided by the R.I. Department of Labor and Training. The U.S. unemployment rate dipped to 6.3 percent in April from 6.7 percent in March. more
Consumer confidence fell more than forecast in February as growing concern about the U.S. economy’s direction outweighed improving perceptions of its current state. more
Rhode Island tied with Georgia at No. 33 in a recent WalletHub ranking of the 50 U.S. states and the District of Columbia, in which No. 1 represents the state least dependent on federal funding and federal government employment. more
(Updated, July 10, 11:02 a.m.) Cape Wind Associates LLC has a tentative agreement to lease 14 acres at Quonset Business Park in North Kingstown as a staging area to build its planned 130-turbine windfarm off the coast of Massachusetts, the Quonset Development Corporation said Wednesday. more
(Updated, June 17, 10:16 a.m.) A Boston-area laboratory-space firm has partnered with local medical investors to propose a life sciences accelerator on the former I-195 land known as The Link. more
Media General announced Wednesday that it has entered into definitive agreements to sell several of its assets – including WJAR-TV NBC 10 – to meet the regulatory requirements of its merger with Providence-based LIN Media, the parent of WPRI-TV 12. more
U.S. stocks climbed, with the Standard & Poor’s 500 Index poised for a fifth quarterly gain, as Federal Reserve Chair Janet Yellen signaled continued monetary support and tensions appeared to ease in Ukraine. more
Single-family home prices in the Providence-Warwick metro area rose 6 percent in February compared with the same period last year, according to the CoreLogic Home Price Index report released Tuesday. more
Gasoline prices remain dropped a penny in Rhode Island and Massachusetts this week, the first time since early February that average prices in both states showed declines, according to the weekly survey by AAA Southern New England. more
The Rhode Island unemployment rate has dropped to 7.9 percent in June, its lowest level since July of 2008, according to the R.I. Department of Labor and Training. Nationally, however, the Rhode Island unemployment rate remains 1.8 percent higher than the U.S. average of 6.1 percent for June. more
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