Economic Indicators
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R.I. jobless rate falls to 9.4%
Rhode Island’s unemployment rate fell to 9.4 percent for February, as the number of employed Rhode Island residents rose by 1,300 from January, representing a fairly good-news month for the state as it still struggles to recover from the economic downturn, the R.I. Department of Labor and Training announced Thursday. more
Americans’ view on economic outlook climbs to 3-month high
Americans’ views of the economic outlook improved in March to the highest level this year as stock prices rallied to a record high. more
Initial jobless claims in U.S. rise less than forecast
Fewer Americans than forecast filed first-time claims for unemployment insurance last week, a signal the U.S. labor market is maintaining its recent progress, as applications for jobless benefits increased by 2,000 to 336,000 in the week ended March 16. more
Housing starts in U.S. climb as building permits pick up
New U.S. home construction rose in February and building permits climbed to the highest level in almost five years, adding to signs of progress in the housing market that’s helping boost the economy. more
Gasoline continues price drop in R.I., Mass.
Gasoline prices in the Ocean State fell 3 cents over the last week, bringing the decline in the last weeks to 7 cents per gallon of self-serve, unleaded regular, AAA Southern New England reported Monday. At $3.76 per gallon, the price of gas stands 1 cent below its level four weeks ago. more
| 3/18/13
Natural gas rises to 17-month high as cold snap extends to April
Natural gas climbed to its highest price in almost 17 months in New York on speculation that a cold start to spring will buoy demand for heating fuels. more
Housing rebound in U.S. boosts Feb. labor numbers
Construction hiring surged in February by the most in almost six years, highlighting the benefits to the U.S. economy from a revitalized housing market. more
Bloomberg News | 3/18/13
Rental units could be steppingstone
Could rental houses owned and managed by deep-pocketed hedge funds and big investors be the post-bust steppingstones to homeownership for huge numbers of renters? more
3/18/13
Regional consumer prices rise 2% in February
The Consumer Price Index in the Northeast rose 2 percent over the last 12 months in February, according to a report from the U.S. Bureau of Labor Statistics. more
| 3/15/13
Prov. metro population increases slightly from ’10
The population of the Providence-Warwick metropolitan area grew by 522 in the past two years, according to new population estimates released by the U.S. Census Bureau. more
| 3/14/13
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