Updated April 29 at 6:29pm
Economic Indicators
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Jobless rates were lower in March than a year earlier in 270 of the 387 metropolitan areas, including the Providence-Warwick metropolitan area, where it dropped to 6 percent from 6.9 percent. more
Rhode Islanders’ personal income grew 1.9 percent in fourth quarter 2015 compared with the prior year period, and 1.2 percent from fourth quarter 2007, the start of the Great Recession, according to The Pew Charitable Trusts. more
Consumer spending rose less than forecast in March, wrapping up the weakest quarter in a year for the biggest part of the U.S. economy even as incomes accelerated. more
Worker pay in the U.S. rose as forecast in the first quarter, showing the steady drop in unemployment has yet to prompt employers to sweeten paychecks. more
Rhode Island ranked 48th nationally – or third worst in the nation – for jobs and opportunity in March, according to a new study released Thursday by the Rhode Island Center for Freedom & Prosperity. more
Jobless claims last week hovered around four-decade lows, showing the labor market remains the strongest part of the U.S. economy. more
The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices. more
With 1,906 single-family home sales in the first quarter, a 15 percent increase compared with the same period last year, Rhode Island experienced its busiest first quarter since 1986, the Rhode Island Association of Realtors said Wednesday. more
Rhode Island has the 11th highest median property tax rate in the nation at 1.93 percent, CoreLogic said Wednesday. more
More Americans than forecast signed contracts to purchase previously owned U.S. homes in March, an encouraging sign as the housing market was entering its busiest selling season of the year. more
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