Economic Indicators
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R.I. exports climb 7.4% in April
Exports from Rhode Island increased 7.4 percent in April, following a 19.9 percent decline in March from February’s record high, according to an international trade statistics report from e-forecasting.com more
Oil drops from two-month high in N.Y. as U.S. demand eases
Oil slid from the highest close in more than two months as investors sold contracts on speculation that recent gains were excessive amid signs of weakening demand in the U.S, the world’s biggest consumer of crude. more
Beige Book: New England growth ‘continues to disappoint’
During June and July, economic growth in the New England region “continued to disappoint” as employment growth faltered and the region lost 2,500 jobs in June alone, according to the Beige Book report from the Federal Reserve Bank of Boston. more
Pump prices continue to rise in R.I., Mass.
Rhode Island’s gasoline prices rose 6 cents this week, according to AAA Southern New England. more
| 8/20/12
New England jobless rate rises to 7.1%
New England’s unemployment rate rose 0.3 percentage points from June to July to 7.1 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 8/17/12
Foreclosure, delinquency rates rise in Providence metro
The Providence-Fall River-New Bedford area foreclosure rate rose 0.04 percentage points in August compared with the same period last year, Corelogic said Thursday. more
Import prices in U.S. rose 0.7% in August as energy costs jumped
Prices of goods imported into the U.S. rose in August for the first time in five months as the cost of petroleum surged. more
Ocean State not as bad off as employment data suggest
When University of Rhode Island economist Leonard Lardaro began working as a forecaster for the New England Economic Partnership in 1991, he realized the Ocean State was not getting the kind of detailed economic analysis happening elsewhere. Seeing an opportunity to fill that gap, Lardaro developed his Current Conditions Index for Rhode Island that 11 years later is relied on to provide a barometer of the state’s economic health. more
Unemployment rate drops in Providence metro
Unemployment rates were lower in August in 325 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to the U.S. Bureau of Labor Statistics. more
| 10/3/12
Charlestown housing project tops off 6-year effort
Since 1993, Richard H. Godfrey has served as the executive director and CEO of Rhode Island Housing, a privately financed, public-interest corporation that provides safe, affordable homes for Rhode Islanders. It is a self-sustaining public agency, which generates its own operating income, without state funding. more

By Michael Souza
PBN Staff Writer | 9/17/12

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