Updated March 30 at 12:30pm
Economic Activity
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Rhode Island’s unemployment rate remained highest in New England in December at 6.8 percent, and was the fifth highest in the nation, according to the federal Bureau of Labor Statistics. more
In May, 1.8 percent of all residential mortgages in Rhode Island were in some stage of the foreclosure process, compared with 2.4 percent in May 2013, according to a report released Tuesday by real estate data firm CoreLogic. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose slightly in April to 125.1 from 124.9 in March, ending two months of declines in the state’s economic indicator index. more
A new U.S. Census Bureau survey examining the commuting habits of Americans shows that Newport County boasts the highest percentage of commuters who bike or walk to work, followed by Providence County. more
Gas prices fell in Rhode Island and Massachusetts this week, ending five consecutive weeks of climbing or unchanged gasoline prices in the two states, according to the weekly survey by AAA Southern New England. more
Purchases of previously owned U.S. homes rose in May by the most in almost three years, a sign the industry is stabilizing after a weather-depressed quarter. more
The R.I. Board of Education endorsed legislation Monday night that would authorize leasing terms for redevelopment of the South Street Power Station into an academic and nursing-school complex, paving the way for what Gov. Lincoln D. Chafee called a “meds and eds” project that is “a natural for us.” more
A study conducted by the Tax Foundation found that Rhode Island collected $966 in state and local income tax collections per person in 2011, ranking the state No. 17 in the country for highest per-capita combined collections. more
Rhode Island’s economic recovery is continuing, though less broadly than hoped for, according to the November Current Conditions Index, University of Rhode Island economist Leonard Lardaro said on Monday. more
The unemployment rate in the Providence-Fall River-Warwick metro area fell to 9.4 percent in March, non-seasonally adjusted, compared with 9.6 percent a month earlier, according to a U.S. Bureau of Labor Statistics report released Tuesday. more
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