Economic Activity
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Unemployment rate drops in Providence metro
Unemployment rates were lower in August in 325 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to the U.S. Bureau of Labor Statistics. more
| 10/3/12
Companies in U.S. increased payrolls by 162,000, ADP says
Companies added more workers than projected in September, evidence the labor market may be perking up, a private report based on payrolls showed. more
Orders to U.S. factories plunge on airplanes, computers
Orders placed with U.S. factories fell in August by the most in more than three years, signaling that slowdowns in business investment and exports restrained the economic expansion. more
Seggerman to resign as Gamm Theatre executive director
After nine years with the company, Yvonne Seggerman has submitted her resignation as executive director of the Sandra Feinstein-Gamm Theatre, effective Jan. 1, 2013. more
| 10/4/12
Pawtucket, Central Falls properties have ‘strong potential’ for development
Underutilized Blackstone River corridor properties in Pawtucket and Central Falls have strong potential for retail and residential development, a market analysis commissioned by the Pawtucket Foundation has found. more
U.S. jobless rate declines to 7.8%, 114,000 jobs added
The unemployment rate in the U.S. unexpectedly fell to 7.8 percent in September, the lowest since President Barack Obama took office in January 2009, as employers took on more part-time workers. more
Construction jobs on the rise in Providence metro
Construction employment rose in 130 out of 337 metro areas, including the Providence-Fall River-Warwick area, dropped in 164 out of 337 metro areas, including New Bedford metro area, and stayed stagnant in 43 metro areas from August 2011 and August 2012. more
| 10/5/12
R.I. Lottery paid state $377.7 million during FY2012
During the fiscal year ended June 30, the Rhode Island Lottery paid $377.7 million to the state’s general fund, an increase of $28.8 million compared with the previous year. more
| 10/10/12
Hasbro reboots Furby toy for an iPad-obsessed generation
In early 2011, Hasbro Inc. CEO Brian Goldner convened a team of designers, engineers and marketers to figure out the Next Big Toy. more
Lardaro: Economic indicators ‘show some real strength’ in August
Economic conditions in August could signal a re-acceleration of Rhode Island’s economic recovery, with most measured factors showing improvement according to University of Rhode Island economist Leonard Lardaro’s August Current Conditions Index. more
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