Economic Indicators
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Finally, equity is returning for homeowners
Home equity is back! And it’s growing fast: According to the latest data from the Federal Reserve, Americans’ net equity holdings in their houses jumped by nearly half a trillion dollars during the last three months of 2012, and have increased by $1.7 trillion since the spring of 2011. more
3/25/13
Metro jobless rate continues year-over-year drop
Unemployment rates fell year over year in January in 227 of the United States’ 372 metropolitan areas, including the Providence-Fall River-Warwick metro, according to the latest non-seasonally adjusted data from the U.S. Bureau of Labor Statistics. more
| 3/22/13
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
Americans’ view on economic outlook climbs to 3-month high
Americans’ views of the economic outlook improved in March to the highest level this year as stock prices rallied to a record high. more
Initial jobless claims in U.S. rise less than forecast
Fewer Americans than forecast filed first-time claims for unemployment insurance last week, a signal the U.S. labor market is maintaining its recent progress, as applications for jobless benefits increased by 2,000 to 336,000 in the week ended March 16. more
Housing starts in U.S. climb as building permits pick up
New U.S. home construction rose in February and building permits climbed to the highest level in almost five years, adding to signs of progress in the housing market that’s helping boost the economy. more
Gasoline continues price drop in R.I., Mass.
Gasoline prices in the Ocean State fell 3 cents over the last week, bringing the decline in the last weeks to 7 cents per gallon of self-serve, unleaded regular, AAA Southern New England reported Monday. At $3.76 per gallon, the price of gas stands 1 cent below its level four weeks ago. more
| 3/18/13
Natural gas rises to 17-month high as cold snap extends to April
Natural gas climbed to its highest price in almost 17 months in New York on speculation that a cold start to spring will buoy demand for heating fuels. more
Housing rebound in U.S. boosts Feb. labor numbers
Construction hiring surged in February by the most in almost six years, highlighting the benefits to the U.S. economy from a revitalized housing market. more
Bloomberg News | 3/18/13
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