Updated June 29 at 7:58pm
Economic Activity
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Rhode Island ranked 48th nationally – or third worst in the nation – for jobs and opportunity in March, according to a new study released Thursday by the Rhode Island Center for Freedom & Prosperity. more
Jobless claims last week hovered around four-decade lows, showing the labor market remains the strongest part of the U.S. economy. more
The Federal Reserve acted as expected Wednesday: It left interest rates unchanged and used language that was somewhat more hawkish, increasing the probability of a rate increase in June. more
The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices. more
Mayor Jorge O. Elorza unveiled a $716.8 million operating budget for the upcoming fiscal year Wednesday, a spending package that includes reductions in the commercial and residential tax rates, and an increased exemption for auto excise taxes, but which will most likely result in increased taxes for many property owners due to rising assessments. more
Grow Smart RI on Wednesday announced seven winners of its fifth annual Rhode Island Smart Growth Awards given to groups and projects that help shape a stronger Rhode Island. more
With 1,906 single-family home sales in the first quarter, a 15 percent increase compared with the same period last year, Rhode Island experienced its busiest first quarter since 1986, the Rhode Island Association of Realtors said Wednesday. more
Rhode Island has the 11th highest median property tax rate in the nation at 1.93 percent, CoreLogic said Wednesday. more
A total of 43 projects in all 39 towns and cities across the state will share $500,000 in Centennial Community Grants funding distributed by the Rhode Island Foundation to mark its 100th anniversary, the organization said Wednesday. more
More Americans than forecast signed contracts to purchase previously owned U.S. homes in March, an encouraging sign as the housing market was entering its busiest selling season of the year. more
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