Economic Indicators
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State sees 0.8% GDP growth in 2011
Rhode Island ranked No. 32 across the nation for economic growth during 2011, according to data released Tuesday by the U.S. Bureau of Economic Analysis. more
Woonsocket under review for downgrade, says Moody’s
Moody’s Investors Service – a globally recognized rating company – said that Woonsocket, which is currently rated at “B2,” is under review for a potential downgrade. more
Pending home sales fall by most in year
The number of Americans signing contracts to buy previously owned homes fell in April by the most in a year, indicating the U.S. housing recovery remains uneven. more
Bloomberg News | 6/4/12
Gas falls to 5-month low on U.S. jobs data, slower growth
Gasoline slid to a five-month low as the U.S. and European labor markets weakened and factory output slowed in China and Europe, threatening demand for fuel. more
Fitch downgrades Woonsocket bonds to ‘B,’ outlook ‘negative’
Fitch Ratings has downgraded Woonsocket’s $118 million general obligation bonds from ‘BB-’ to ‘B’ and rated the outlook ‘negative.’ more
| 6/1/12
U.S. retailers’ May sales top estimates amid warmer weather
U.S retailers’ same-store sales topped analysts’ estimates this month as warm weather and lower gasoline prices boosted consumer spending. more
Report: R.I. must match skills to jobs
In order to turn around the economy, Rhode Island must reduce the overall cost of doing business, change public perception about the unfriendliness of its business climate and face the mismatch of talent with job needs, according to a report from the New England Economic Partnership. more
U.S. stocks little changed after disappointing economic data
U.S. stocks were little changed, with the Standard & Poor’s 500 Index poised for the biggest monthly drop since September, as data showed jobless claims increased and the economy grew more slowly than previously estimated. more
April jobless rate drops in Providence metro
Unemployment rates were lower year over year in April for 342 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
| 5/30/12
Foreclosure initiations surge 31% in Bristol County, Mass.
Lenders in Bristol County, Mass. initiated 31 percent more foreclosures in April than they did during the same period in 2011, The Warren Group said Tuesday. more
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