Economic Indicators
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The economy in the U.S. grew more than projected in the second quarter reflecting an unexpected pickup in inventory building as consumer spending cooled. more
WASHINGTON – Unemployment rates dropped in Providence last month compared to June 2012, the U.S. Department of Labor’s bureau of labor statistics announced Tuesday in its monthly report. The … more
Rhode Island’s rate of mortgaged homes in the process of foreclosure fell to 2.3 percent in June, a 0.7 percent year-to-year decrease, according to a monthly national foreclosure report released Tuesday by property information provider CoreLogic. more
Rhode Island construction employment declined five percentage points between June 2012 and June 2013, according to an analysis of federal employment data released Tuesday by the Associated General Contractors of America. more
Rhode Island single-family home sales rose 15 percent in the second quarter of 2013 compared with the same period last year and the median price of those sales increased 10 percent, the Rhode Island Association of Realtors said Tuesday. more
The Home Price Index in the Providence metropolitan area rose 2.4 percent year to year in May, climbing from $228,000 to $234,000, according to the monthly Home Price Index report released Monday by Lender Processing Services. more
Fewer Americans signed contracts in June to buy previously owned homes, showing rising mortgage rates are beginning to restrain the housing market. more
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
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