Updated April 30 at 5:24am
Economic Activity
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Rhode Island’s jobless rate fell to 5.4 percent in September, a three-tenths of a percentage point drop from August’s revised rate of 5.7 percent, the state Department of Labor and Training reported Thursday. more
The Providence-Warwick metropolitan area was one of 351 metro areas out of 387 that experienced a year-over-year drop in its jobless rate in June, according to the federal Bureau of Labor Statistics. more
Massachusetts home sales increased 11.4 percent in June, making it the best month for sales in 10 years, according to The Warren Group, publisher of Banker & Tradesman. more
In Rhode Island, Providence County has the largest annual inheritance sums at approximately $1.2 billion, according to SmartAsset. more
Washington Trust Bancorp Inc. set a quarterly profit record of $11.5 million in the recently concluded second quarter, according to the company’s Monday after-market earnings release. more
A new state law designed to encourage housing construction also creates tax incentives for builders who want to restore blighted or vacant structures. more
The U.S. economy will probably be strong enough to justify two Federal Reserve interest-rate increases in 2016, said Chicago Fed President Charles Evans. more
For the second week in a row, the Rhode Island School of Design art museum has ranked among the top college art museums in the country. more
Self-serve, regular unleaded gasoline is averaging $2.16 per gallon in Rhode Island, unchanged from last week, while the average price rose 4 cents to $2.13 in Massachusetts, AAA Northeast said Monday. more
Rhode Island has some of the highest taxes in the nation, according to WalletHub, the 10th highest on property and the highest on automobiles. more
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