Economic Indicators
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Economy in U.S. expands at 2% annual rate, more than forecast
The economy in the U.S. expanded more than forecast in the third quarter, paced by a pickup in consumer spending, a rebound in government outlays and gains in residential construction. more
R.I. jobless rate tops in U.S. despite drop in December
New England’s unemployment rate was unchanged from November at 7.3 percent in December, the U.S. Bureau of Labor Statistics announced Friday. more
| 1/18/13
R.I. jobless remains 2nd-highest in U.S.
Rhode Island’s 10.9 percent unemployment rates remains the second worst in the country, as the state saw the largest year-to-year percent decrease in employment in the United States, according to a U.S. Bureau of Labor Statistics report released Friday. more
| 7/20/12
Gas prices surge 10 cents to September high
Gas prices in Rhode Island and Massachusetts surged 10 cents this week to the highest-ever prices for September, according to AAA Southern New England. more
| 9/17/12
R.I. restaurant-sales growth among nation’s worst
Rhode Island’s projected 2.3 percent restaurant-sales growth for 2012 is among the worst in the country, besting only Vermont and West Virginia, at 2.2 percent each, and can be at least partially blamed on its slow population growth and high unemployment rate, according to National Restaurant Association research. more

By Rebecca Keister
PBN Staff Writer | 10/1/12

Regional consumer prices rise 1.3% in August
The Consumer Price Index in the Northeast rose 1.3 percent over the last 12 months, rising to 246.25 in August, the U.S. Bureau of Labor Statistics reported Friday. more
| 9/14/12
Sales of foreclosed homes in Providence area drop in 2Q
Sales of previously foreclosed homes in the Providence-Fall River-New Bedford area dropped 22 percent in the second quarter compared with the same period last year, RealtyTrac said Thursday. more
R.I. personal income rises 0.8% in 1Q
Personal income in Rhode Island rose 0.8 percent from $46.3 billion during the fourth 2011 to $46.7 billion during the first quarter 2012, according to a new report from the U.S. Bureau of Economic Analysis. more
| 6/27/12
Appetite growing for jumbo loans
Bargain hunters may still rule the market, but high-end real estate is gaining momentum, and many lenders are looking to take advantage. more

By Patrick Anderson
PBN Staff Writer | 10/1/12

Gas prices drop 4 cents in R.I.
Rhode Island’s gasoline price dropped 4 cents this week in the 11th consecutive week of declines, according to AAA Southern New England. more
| 7/2/12
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