Economic Indicators
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Mass. picks up 7,500 jobs in December
BOSTON – The Mass. Executive Office of Labor and Workforce Development reported preliminary December 2012 federal estimates show a gain of 7,500 jobs in the state over the month, for a total of 3,263,400 jobs. The December job gain follows a revised loss of 3,200 jobs in November. more
1/28/13
Study: minimum wage hike not positive for R.I.
Rhode Island’s 35-cent hike in the minimum wage to $7.75 an hour on Jan. 1 won’t necessarily put more dollars into the state’s ailing economy, based on the findings of a new study by the Washington, D.C.-based Employment Policies Institute. more

By Rhonda Miller
PBN Staff Writer | 1/28/13

MassBenchmarks: State economy grows ‘modestly’ in 4Q
Massachusetts’ real gross state product increased at a 1 percent annualized rate during the fourth quarter, according to the Current Economic Index released Tuesday by MassBenchmarks. more
| 1/30/13
Wash Trust expansion leads to record profit
Rhode Island’s weak economy and sluggish housing market are not keeping Westerly-based Washington Trust Bancorp Inc. from continuing its momentum of increased earnings, as the parent of The Washington Trust Co. reaped the benefits of its strategic expansion into healthier markets in Massachusetts and Connecticut. more

By Rhonda Miller
PBN Staff Writer | 2/4/13

Early signs of a boom in real estate market?
Could we be looking at an early spring this year – not in meteorological terms but real estate? Could the chilly December to February months, which traditionally see fewer buyers out shopping for houses compared with the warmer months that follow, be more active than usual? And if so, what does this mean to you as a potential home seller or buyer? more
2/4/13
R.I. falls to 6th highest unemployment rate in U.S.
Rhode Island’s unemployment rate, which fell to 9.1 percent in March, is now the sixth highest in the United States, the U.S. Bureau of Labor Statistics said Friday. more
| 4/19/13
Millionaires enticed to become landlords
JPMorgan Chase & Co. is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value. more
Bloomberg News | 2/11/13
Finally some stability in R.I. industrial market
In December 2007, Trammel Crow Co. bought a 548,000-square-foot warehouse and office within throwing distance of Interstate 95 in West Warwick for $21.5 million. more

By Patrick Anderson
PBN Staff Writer | 2/11/13

Lardaro: R.I. economy ends year on upswing
December 2012 brought reason to celebrate Rhode Island’s economic performance, as last year’s fourth quarter showed broad-based positive economic activity, according to University of Rhode Island economist Leonard Lardaro. more
Malls investing to lure target demographics
Change is afoot at Providence-area shopping malls. Even as the Internet reshapes the retail industry around them, several of the region’s most prominent shopping hubs are experiencing the most significant new investment and store realignments in years. more

By Patrick Anderson
PBN Staff Writer | 2/25/13

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