Economic Indicators
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Although Rhode Island’s unemployment rate posted a significant drop in June to 7.9 percent, the state jobless rate tied with Mississippi as the highest in the country, the U.S. Bureau of Labor Statistics reported Friday. more
Construction employment in the Providence-Fall River-Warwick metro area grew 5 percent year over year last month, adding 1,100 jobs for a total of 22,200 in June, according to an Associated General Contractors of America report. more
Despite its small size compared with many North American metropolises, Providence ranks as the 38th most traffic-congested city in the United States and Canada, according to a new report released by GPS-device manufacturer TomTom. more
The Providence-Warwick metro area saw single-family home prices increase 9 percent in March compared with the same month last year, according to the CoreLogic Home Price Index report released Tuesday. more
Home prices in the Providence metro area climbed 3.7 percent to $238,000 in April compared with $230,000 during the same period last year, Black Knight Financial Services reported Monday. more
Rhode Island added 1,100 construction jobs between May 2013 and May 2014, an increase of 6.8 percent that ranked the state 12th in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported. more
A smaller percentage of Rhode Island small-business owners view social media as an effective tool for customer engagement compared with business owners nationwide, according to the 2014 Cox Business Barometer released Monday. more
Companies in the Providence-Fall River-Warwick metro area added 800 jobs year over year in May, an increase of 4 percent compared with May 2013, landing the region at No. 134 among the 339 U.S. metro areas in terms of year-over-year net employment gain. more
Fitch Ratings has affirmed the “BBB+” rating on approximately $217 million in outstanding airport system revenue bonds sold on behalf of the R.I. Airport Corporation. more
With six of its seven local component parts contributing positively, the Rhode Island Current Economic Indicator increased to 3 percent in the second quarter, from a 2.2 percent reading in the first three months of the year. more
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