Updated August 4 at 6:04pm
Economic Activity
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Mayor Jorge O. Elorza expects to name a new economic-development director “very soon,” according to a spokesman. more
Rhode Island’s leading economic indicator declined in March by two-tenths of a percentage point to 131.2, the same decline it experienced in February, according to the Providence Business News/e-forecasting.com Leading Economic Indicator index. An index reading of 100 is equal to the state’s activity in 2000. more
Consumer confidence declined to a six-week low as Americans took a less favorable view of their finances and the slowdowns at factories and oilfields soured attitudes among men. more
Applications for U.S. jobless benefits declined last week to the lowest level in 15 years, showing employers view a first-quarter slowdown in the economy is probably temporary. more
Jobless rates were lower in March than a year earlier in 358 of the 387 metropolitan areas, including Providence-Warwick-Fall River which saw its rate drop to 6.8 percent from 8.7 percent, according to the federal Bureau of Labor Statistics. more
The world’s largest economy sputtered to a near-halt in the first quarter, choked by a slump in U.S. business investment and exports that dimmed hopes for a meaningful short-term rebound. more
Despite record snowfall and weak global economic conditions, the Massachusetts economy proved to be resilient in the first quarter, according to the MassBenchmarks Current Economic Index. more
The Providence-Warwick-Fall River metropolitan area ranked 238th among 358 metropolitan areas for its 1 percent year-over-year construction growth in March. more
Single-family home sales rose 5 percent year over year in the first quarter, despite near record-breaking snowfall, according to the Rhode Island Association of Realtors. more
Foreclosure rates declined year over year by two-tenths of a percentage point in February in the Providence-Warwick metropolitan area, according to data released Thursday by CoreLogic. more
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