Economic Indicators
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Exports from Rhode Island climbed 10.5 percent in March compared with the previous month, ending three consecutive months of export declines, according to an e-forecasting.com report released May 27. more
Standard & Poor’s Ratings Services has upgraded Providence’s “BBB” credit outlook from stable to positive to reflect Mayor Angel Taveras’ efforts to improve the city’s fiscal management practices and general fund balance, Taveras’ administration announced Friday. more
Rhode Island’s May unemployment rate of 8.2 percent was the highest in the country for a seventh consecutive month, but Rhode Island was also one of 32 states with year-over-year unemployment rate declines designated statistically significant, the U.S. Bureau of Labor Statistics reported Friday. more
U.S. mortgage rates fell for a second week, lowering borrowing costs as the housing recovery gets a second wind. more
A total of 451 single-family and multifamily homes in Rhode Island were foreclosed upon during the first quarter of 2014, an increase of 19.9 percent over the 376 foreclosures reported for the same period last year, affordable homes coalition HousingWorks RI reported Thursday. more
Nearly 42,000 single-family homes in the Providence-Warwick metro area are located within storm-surge risk zones, and nearly 10,000 of those are at extreme risk, according to the 2014 storm-surge analysis released Thursday by real estate data firm CoreLogic. more
Gasoline prices in Rhode Island continued to drop, marking the lowest point this year, according to AAA Southern New England’s weekly survey of gasoline prices. more
Donor-recommended grants from Fidelity Charitable, an independent public charity, achieved record levels in the first nine months of 2014. more
The Associated General Contractors of America reported Wednesday that most construction firms are having trouble finding qualified workers, and firms in the Northeast were no exception, with 67 percent reporting difficulty filling jobs. more
Rhode Island is one of the most energy efficient states, tying with Oregon and Vermont for the No. 3 spot on a State Energy Efficiency Scorecard released on Wednesday by the American Council for an Energy-Efficient Economy. more
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