Updated May 1 at 11:01pm
Economic Indicators
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The U.S. economy unexpectedly expanded at a faster pace in the fourth quarter than initially estimated, reflecting a higher value of business inventories. more
Twenty-three percent of Rhode Island’s population of 1 million lives in distressed zip codes, according to an interactive report released Thursday by the Economic Innovation Group, a Washington, D.C.-based nonprofit. more
Consumer sentiment in the U.S. remained stable last week and close to a three-month high, helped in part by upbeat views of buying conditions. more
The number of Americans filing applications for unemployment benefits rose last week from a three-month low, in part reflecting the typical swings during holiday periods. more
Services, the biggest part of the U.S. economy, shrank this month for the first in more the two years, hurt by a late-January snowstorm that blanketed the East Coast and a dearth of orders. more
Purchases of new homes dropped more than forecast in January as contract signings slumped in the western U.S. by the most since May 2010. more
The housing market continued its year-long rise in January, ending the month with a nearly 10 percent increase in median sale price among single-family homes, according to the Rhode Island Association of Realtors. more
Another list, another poor showing for Providence. Apartment List, an online rental marketplace, gave Providence a grade of D on its list of the “Best Cities for Young Families.” more
Providence is one of the worst state capitals to live in in the country, according to WalletHub’s latest survey. more
(Updated 12:42 p.m.) Helped by milder weather, Massachusetts single-family home sales climbed more than 25 percent in January to 3,422 compared with 2,736 a year ago, The Warren Group, publisher of Banker & Tradesman, said Tuesday. more
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