Economic Indicators
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HousingWorks: Affordable housing still out of reach for many in Ocean State
Declining real estate values over the past four years have done little to make homes more affordable for the average Rhode Islander, HousingWorks Rhode Island said in its annual housing report released Friday. more
Report: R.I. economic recovery is growing but ‘fragile’
Rhode Island’s economy grew faster in the first and second quarters of 2012 than originally published, according to the third-quarter Current Economic Indicator report, published by the R.I. Public Expenditure Council and Bryant University. more
| 11/13/12
Revised Bay State data shows job growth in 2011
Due to an analysis of new Massachusetts payroll employment data, MassBenchmarks estimates that the Bay State saw job growth of 1.2 percent between December 2010 and December 2011, compared compared with the 0.3 percent growth originally reported by the U.S. Bureau of Labor Statistics. more
| 7/13/12
Gilbane expects construction to increase in 2013 after early downturn
In its annual winter 2012 construction-industry economic report, Gilbane Building Co. predicted an increase in construction spending over last year, but cautioned about an expected downturn in early 2013. more
| 12/5/12
Housing starts in U.S. surged in September to 4-year high
Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs the industry at the heart of the financial crisis is on the road to recovery. more
Consumer prices in U.S. fell more than forecast in November
The cost of living fell more than forecast in November as energy prices dropped, a sign U.S. inflation remains in check. more
U.S. stock futures advance as global markets extend rally on Fed
U.S. stock-index futures climbed, indicating the Standard & Poor’s 500 Index will rise from its highest level since 2007, as markets rallied around the world on the Federal Reserve’s bond-purchase program. more
U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
It’s still a tepid recovery, says Lardaro
Flawed labor market data continues to confuse assessment of the state’s economic recovery, University of Rhode Island economist Leonard Lardaro reports in his latest Current … more
R.I. unemployment rate drops to 10.9%
The state’s unemployment rate dropped to 10.9 percent in June, according to the Rhode Island Department of Labor and Training. more
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