Economic Indicators
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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
Drought seen prompting short-term pause in U.S. farmland gains
Farming’s inherent risk, forgotten during years of booming incomes that pushed farmland values to records, may damp enthusiasm for investing even as government subsidies buoy U.S. cropland returns, analysts and farmers say. more
Sales of U.S. existing homes decrease on lack of supply
Sales of U.S. existing homes unexpectedly dropped in December as the lowest supply in more than a decade cut into the industry’s best year since 2007. more
Pump prices drop another 6 cents in R.I.
Rhode Island’s gasoline price dropped 6 more cents this week in the ninth consecutive week of declines, according to AAA Southern New England. more
| 6/18/12
RIPEC: R.I.’s economic outlook is ‘mixed’
The outlook for the Rhode Island economy is mixed, according to the Rhode Island Public Expenditure Council’s Rhode Island Data Book, released Wednesday. more
| 12/5/12
R.I. home sales rise, prices fall in September
Sales of Rhode Island single-family homes rose 8 percent in September compared with the same period last year, the 15th consecutive month of increased year-over year sales, the Rhode Island Association of Realtors said Wednesday. more
R.I. exports plunge 23.1% in May
Exports from Rhode Island plunged 23.1 percent in May, following a 7.4 percent increase in April, according to an international trade statistics report from e-forecasting.com. more
Textron sees jet market gain with fewer used planes put on sale
Textron Inc.’s Cessna Aircraft and other business-jet makers stand to benefit as the supply of secondhand small planes on sale returns to normal levels, Chief Executive Officer Scott Donnelly said. more
Gasoline falls on speculation superstorm Sandy will cut demand
Gasoline fell on speculation that demand will decline on the East Coast as Atlantic superstorm Sandy causes widespread flooding and power outages. more
R.I. jobless rate drops to 10.5% in September
The state’s jobless rate marked a fifth consecutive month of improvement in September, falling to 10.5 percent according to the R.I. Department of Labor and Training. more
| 10/18/12
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