Economic Indicators
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The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness. more
The Rhode Island unemployment rate has dropped to 7.9 percent in June, its lowest level since July of 2008, according to the R.I. Department of Labor and Training. Nationally, however, the Rhode Island unemployment rate remains 1.8 percent higher than the U.S. average of 6.1 percent for June. more
Claims for jobless benefits unexpectedly dropped to the lowest level in more than five years, extending swings typical for the month of July. more
The economy in the U.S. grew more than projected in the second quarter reflecting an unexpected pickup in inventory building as consumer spending cooled. more
The state unemployment rate edged up in July, though it remains lower than July of last year, according to a report released Thursday by the R.I. Department of Labor and Training. more
Purchases of new U.S. homes plunged in July by the most in more than three years and previous months were revised down, a sign that growth in the industry may be taking a pause as mortgage rates rise. more
Rhode Island posted the third-highest unemployment rate in the country in July, according to Bureau of Labor Statistics data released Monday. The Ocean State also experienced the third-largest drop in unemployment over the year. more
Rhode Island and the Providence-Fall River-Warwick metropolitan area each saw unemployment rate declines in July from July 2012, according to U.S. Bureau of Labor Statistics non-seasonally adjusted data released Wednesday. more
Rhode Island’s economy has struggled to gain traction in the wake of the Great Recession and may be vulnerable to a slew of external factors, according to a joint report from Bryant University and the Rhode Island Public Expenditure Council. more
Construction employment in Rhode Island decreased by 5 percent year-over-year in July, according to the Association for Corporate Growth. more
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