Economic Activity
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Retail sales in U.S. dropped in March by most in 9 months
Retail sales in the U.S. unexpectedly fell in March by the most in nine months as employment slowed, showing households ended the first quarter on softer footing. more
American dream eluding under 40s with student debt
Luke Nichter of Harker Heights, Texas, said he’s not a renter by choice. The Texas A&M University history professor’s $125,000 of student debt means he has no hope of getting a mortgage. more
Tax Foundation report outlines R.I. tax rates, collections
Rhode Island’s tax rates are some of the highest in the United States, according to The Tax Foundation’s 2013 “Facts and Figures” report. more
| 4/11/13
DLT: Private sector saw more job growth in 4Q than estimated
An analysis of Rhode Island’s tax data, released Thursday by the R.I. Department of Labor and Training, shows more growth in the state’s private sector employment during the fourth quarter of 2012 than was originally estimated. more
| 4/11/13
CVS releases annual report
In its annual Insights report, released Thursday, CVS Caremark Corp. said its increased availability of generics and its high generic dispensing rate helped reduce spending on traditional medications by 3.6 percent for the company’s commercial clients. more
| 4/11/13
Chafee nominates 3 more to EDC board
Gov. Lincoln D. Chafee announced on Thursday three more nominees for the R.I. Economic Development Corporation’s board of directors: Lifespan’s Judith Diaz, Elizabeth Francis of the R.I. Council for the Humanities and Atrion Networking Corp.’s president and CEO Tim Hebert. more
| 4/11/13
R.I. theater community forms ‘performance exchange’
Rhode Island’s performance community has announced the formation of The Rhode Island Performance Exchange, a community-based organization that will work to generate greater awareness about the state’s performance community. more
Jobless claims in U.S. plunged more than forecast last week
Applications for unemployment benefits in the U.S. plunged more than forecast last week unwinding a surge caused by the Easter holiday and spring break at schools. more
Jobless rate drops in the Providence metro area in Feb.
Unemployment rates fell year over year in February in 187 of the United States’ 372 metropolitan areas, including the Providence-Fall River-Warwick metro, according to the latest non-seasonally adjusted data from the U.S. Bureau of Labor Statistics, reported Wednesday. more
| 4/10/13
Lin Media continues to expand digital portfolio with Dedicated Media acquisition
Local multimedia company Lin TV Corp., which does business as Lin Media, has acquired a majority ownership position in multi-channel ad buying and optimization company Dedicated Media, its second such acquisition in recent weeks. more
| 4/10/13
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