Economic Activity
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Top five R.I. job creators named by Inc. Magazine
(Corrected Feb. 5, 9:50 a.m.) Alliance Security Co. and Alex and Ani were among those recognized as top job producers in the state by Inc. Magazine. more
Housing packs punch for U.S. growth in 2013 and beyond
The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond. more
Banks contest BofA’s $8.5B Countrywide settlement
Three Federal Home Loan Banks and a fourth financial institutions filed court documents on Friday against Bank of America Corp.’s $8.5 billion agreement to settle claims related to mortgages issued by its Countrywide unit, The New York Times reported. more
| 2/4/13
Orders to U.S. factories rose less than forecast in December
Orders placed with U.S. factories increased less than forecast in December, reflecting a drop in non-durable goods that partly countered gains in construction equipment and computers more
R.I. exports rise 9.1% in November
Exports from the Ocean State rose 9.1 percent in November to $195.9 million on a month-to-month, seasonally adjusted basis after rising 1.4 percent in October, according to an international trade statistics report from e-forecasting.com. more
| 2/1/13 | 1 comment
R.I. foreclosure inventory rises slightly in December
The foreclosure inventory in Rhode Island rose 0.2 percentage points year over year in December to 2.9 percent, CoreLogic reported Friday. This means that 2.9 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process. more
| 2/1/13
EDC: America’s Cup economic impact tops $38M for R.I. businesses
(Corrected, 2:45 p.m.) The Ocean State is perfectly-positioned and well-prepared to host high-profile marine events based on the success of the America’s Cup races in Newport last summer, according to a report from the R.I. Economic Development Corporation. more
R.I. real estate sales continue to rise in December, 2012
Rhode Island single-family home sales rose 9 percent in December compared with the same period the previous year, ending 2012 sales up 20 percent from 2011, the Rhode Island Association of Realtors said Friday. more
U.S. payrolls rose in January after jumping at end of 2012
Hiring increased in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over the federal budget. more
‘Superman’ bldg owner ‘bullish on Providence,’ considers many uses
The owner of the Industrial Trust Tower said he believes there is demand for new apartments downtown, but is not ruling out any mix of uses for the landmark known as the “Superman building.” more
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