Economic Indicators
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Report: R.I. housing costs outpace incomes
The standard cost of a two-bedroom apartment in Rhode Island is out-of-reach for many of the state’s low income families, according to a new report from the National Low Income Housing Coalition. more
| 3/11/13
U.S. takes payroll-tax increase in stride to keep spending
Consumers and businesses are treating higher payroll taxes and federal spending cuts as just a speed bump for a U.S. economy poised to accelerate later this year. more
Lardaro: 2013 starts with ‘very strong, favorable trends’
The pace of Rhode Island’s economic recovery accelerated during the third and fourth quarters of 2012, according to University of Rhode Island economist Leonard Lardaro’s analysis of recently released revised labor market data. Even better news, he said, is that the trend continued into the New Year. more
R.I. jobless rate falls to 9.8% in January
Rhode Island’s unemployment rate dropped to 0.1 percentage points to 9.8 percent in January, its lowest level since January 2009, the R.I. Department of Labor and Training reported Thursday. more
Household wealth in U.S. rises by $1.17 trillion
Household wealth in the U.S. climbed in the fourth quarter, propelled by a gain in home prices that is helping repair family finances. more
Providence sells road bond issue at lower-than-expected interest rate
Rhode Island’s capital city successfully sold its $39.3 million general obligation road bond issue at lower than expected rates, Mayor Angel Taveras announced. more
| 3/7/13
Jobless claims in U.S. unexpectedly fall to a 6-week low
The number of Americans who filed for unemployment benefits declined to a six-week low, showing further improvement in the labor market. more
New England economy continues slow expansion, says Fed
New England’s economy activity continued to grow as 2013 started, “albeit slowly,” according to the Beige Book report released by the Federal Reserve Wednesday afternoon. more
Factory orders in U.S. decrease by the most in 5 months
Orders to U.S. factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. more
Bristol County, Mass. foreclosures drop 87% in January
Bristol County, Mass., foreclosure starts dropped 17.4 percent in January while finished foreclosures plummeted 86.7 percent compared with the first month of 2012, The Warren Group said Monday. more
| 3/5/13
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