Updated March 5 at 6:05pm
Economic Indicators
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Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
Venture capitalists invested $124.1 million in Rhode Island companies in 2014, $42 million more than in 2013, and the largest amount to date, according to the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association. more
The nonprofit Olneyville Housing Corp. has purchased 14 residential properties over the past year in the area of Amherst and Chaffee streets, and will renovate the buildings to create more affordable housing. more
(Updated Feb. 24) Rhode Island’s teacher preparation policies are among the strongest in the country, earning the Ocean State an overall grade of B+, according to the National Council on Teacher Quality. more
Rhode Island ranked a dismal 46th on a ranking of the best and worst states for business, according to Forbes. more
(Updated 8:49 a.m. to reflect corrected U.S. Airways numbers)January passenger traffic increased at T.F. Green Airport for the first time in three years, with passenger counts at nearly 2 percent more than January 2014’s figures. more
Rhode Island gained 1,045 manufacturing jobs between December 2012 and December 2013, the first time in 13 years that the state posted an increase in manufacturing employment, according to a report released Monday by the Rhode Island Manufacturers Register. more
A new study by Arizona State University ranks Rhode Island 28th in the country for year-over-year job growth, based on an analysis of U.S. Bureau of Labor Statistics data. In terms of specific industries, Rhode Island made its best showing for manufacturing-job growth. more
Despite severe winter weather during the first months of 2014 that put pressure on New England business owners in several industries, the overall economic outlook remains cautiously optimistic, according to the Federal Reserve Board’s Beige Book released Wednesday. more
Rhode Island’s state debt per capita of $8,769 for fiscal year 2012 ranks third-highest in the United States, according to the Tax Foundation’s 2014 “Facts and Figures” report released Wednesday. The annual report compiles tax and collections data for each of the 50 U.S. states and the District of Columbia, and ranks each state on 39 different measures of tax and fiscal policy. more
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