Economic Indicators
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Home prices rise 3% in Providence metro in December
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 3 percent from December 2011 to December 2012, according to CoreLogic’s Home Price Index. more
| 2/5/13
U.S. payrolls rose in January after jumping at end of 2012
Hiring increased in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over the federal budget. more
Jobless claims in U.S. increased 38,000 last week to 368,000
Claims for U.S. unemployment benefits increased more than forecast last week, nearly erasing a slide in the prior two weeks and reflecting the difficulty of adjusting the figures for swings at the start of a year. more
County employment rises, wages drop in 2Q
While employment edged up in Providence County by 0.6 percentage points during the second quarter of 2012, average weekly wages declined by 1 percent as compared to second quarter 2011. more
Report: R.I. economic growth ‘dawdles’ in 4Q
Rhode Island’s economy grew by 0.3 percent in the fourth quarter of 2012 after growing 1.9 percent during the third quarter, according to the Current Economic Indicator report, released Thursday by the R.I. Public Expenditure Council and Bryant University. more
| 2/7/13
Retail sales in U.S. increase for 3rd consecutive month
Retail sales in the U.S. rose in January for a third consecutive month, showing household spending is holding up even as an increase in the payroll tax takes a bigger bite from paychecks. more
Retail sales probably rose as U.S. consumers overcame tax rise
Sales at U.S. retailers probably grew in January as an improving job market helped consumers overcome higher payroll taxes, economists said before a report this morning. more
Work begins on most U.S. single-family homes in 4 years
Builders broke ground in January on the most U.S. single-family homes in more than four years and permits for future construction rose, an indication the industry’s momentum carried over into 2013. more
Revised 3Q job data show 4,900 more jobs in Rhode Island
Job growth in Rhode Island exceeded employment estimates for the third quarter of 2012 by 4,900 jobs, according to a press release from the state Department of Labor and Training. more
| 2/19/13
Fitch rates Providence bonds ‘BBB,’ outlook negative
Fitch Ratings has ranked Providence’s general obligation bonds as “BBB,” outlook negative, due to what the global ratings company said was “remaining uncertainly” and the fact that the city still faces “financial pressure and limited flexibility.” more
| 2/15/13
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