Economic Activity
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R.I. outlook ranks 45th on ‘Rich States, Poor States’ report
Rhode Island’s economic outlook ranked No. 45 among the 50 states according to the 2013 ALEC-Laffer State Economic Competitiveness Index released by the American Legislative Exchange Council. Rhode Island’s No. 45 rank represented a slip from last year’s report, in which the Ocean State ranked No. 43. more
| 5/23/13
Metro area foreclosure, delinquency rates fall in March
The Providence-Fall River-New Bedford area foreclosure rate fell 0.11 percentage points for March compared with the same period in 2012, CoreLogic said Thursday. more
| 5/23/13
Exports from R.I. fall 5.1% in March
Exports from the Ocean State fell 5.1 percent in March to $183.1 million on a month-to-month, seasonally adjusted basis after falling 15.3 percent in February, according to an international trade statistics report from e-forecasting.com. more
| 5/23/13
Jobless claims in U.S. dropped more than forecast last week
Fewer Americans than projected filed applications for unemployment benefits last week, a sign that the job market is sustaining recent gains. more
Sales of existing U.S. homes rise to 3-year high
Sales of previously owned U.S. homes climbed in April to the highest level in more than three years even as the market remained constrained by a lack of inventory and strict borrowing rules. more
Report: Despite growth, R.I. recovery ‘still lags’
Even though Rhode Island has gained some economic strength in 2013, the Ocean State “still lags behind other states in New England when looking at major economic indicators such as growth of the gross state product and the unemployment rate,” according to the spring 2013 New England Economic Outlook report from the New England Economic Partnership. more
| 5/22/13
Bernanke says premature Fed tightening would endanger recovery
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery. more
Valois confirmed as RIEDC leader
Marcel A. Valois, Gov. Lincoln D. Chafee’s nominee to lead the Rhode Island Economic Development Corporation, was unanimously confirmed by the Rhode Island Senate Tuesday. more
Manufacturing project to unveil findings, database at Bryant summit
Using data mined from more than a thousand manufacturers from across the state, leaders of the Rhode Island Manufacturing Renaissance Project will unveil its findings on Wednesday, along with the state’s first comprehensive database of manufacturers in the state. more
| 5/21/13
Mortgage settlement gives 2,000 R.I. homeowners relief
As of March 31, more than 2,000 homeowners in Rhode Island have received some type of relief through the National Mortgage Settlement, Attorney General Peter F. Kilmartin announced Tuesday. more
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