Economic Indicators
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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
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
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
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
Consumer comfort in U.S. improves to highest level since April
Confidence among U.S. consumers climbed for a sixth straight week to the highest level since April as a rally in stock prices and improving job market boosted Americans’ view of their finances. more
Foreclosure filings drop in 4Q, ’12
A new report from HousingWorks RI showed that 11.2 percent fewer residential foreclosure deeds were filed in Rhode Island during the fourth quarter of 2012 compared with the fourth quarter of 2011 and 36 percent fewer compared with the fourth quarter of 2009. more
| 3/14/13
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
T.F. Green sees traffic drop in February
(Updated, March 22, 4:22 p.m.) Passenger traffic at T.F. Green Airport fell 6.1 percent in February compared with February 2012 to 249,554, the second-lowest number since the beginning of 2009, according to numbers released by the R.I. Airport Corporation on Thursday. more
| 3/21/13
R.I. jobless rate falls to 9.4%
Rhode Island’s unemployment rate fell to 9.4 percent for February, as the number of employed Rhode Island residents rose by 1,300 from January, representing a fairly good-news month for the state as it still struggles to recover from the economic downturn, the R.I. Department of Labor and Training announced Thursday. more
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