Economic Indicators
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Rhode Island single-family home sales fell 5 percent in February compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
Construction employment in Rhode Island rose 1.9 percent in February compared with the same period last year, adding 300 jobs for a total of 16,400 jobs, the Associated General Contractors of America reported Friday. more
Rhode Island’s 9 percent unemployment rate again ranked as the highest in the country in February, and Rhode Island was the only state to post a jobless rate at or above 9 percent, the U.S. Bureau of Labor Statistics reported Friday. more
Fitch Ratings has assigned a AA rating to Rhode Island’s $79.5 million in 2014 consolidated capital-development general-obligation bonds, the agency announced Wednesday. more
Gains in manufacturing are helping power the U.S. out of the winter doldrums, while homebuilding shows signs of lagging behind. more
Consumer confidence rose in April to the highest level since July, boosted by further improvement in the labor market that will provide some traction for the economy after a weather-related slowdown early this year. more
In Middletown, the owners of Atlantic Beach Hospitality Group have resurrected plans suspended during the recession to replace the Knights Inn motel on Aquidneck Avenue with a higher-end, 198-room hotel. more
Consumer confidence rose in April to a nine-month high, showing Americans are growing more upbeat about the economy as the labor market gains traction. more
Producer prices in the U.S. rose more than forecast in March, led by the biggest gain in the cost of services in four years. The 0.5 percent advance in the producer-price index was the biggest since June. more
Construction employment in Rhode Island rose six-tenths of a percent in March compared with the same period last year, adding 100 jobs for a total of 16,300 jobs, the Associated General Contractors of America reported Friday. more
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