economy

Economy
5:50 am
Tue October 2, 2012

RI and MA gas prices still relatively high

Gas prices continue to climb
Photo: RIPR file

PROVIDENCE, RI – Gasoline prices are up in both Rhode Island and Massachusetts; although the prices are slightly better in Massachusetts.

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Economy
6:08 pm
Fri September 21, 2012

Hundreds of needy veterans at Operation Stand Down

PROVIDENCE, RI – Some 500 veterans are expected to converge on to Diamond Hill Park in Cumberland this weekend for Operation Stand Down. The camp gives at-risk veterans a chance to tap into some much-needed services.

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Economy
8:22 am
Fri September 21, 2012

Unemployment numbers improve slightly

Economy
6:29 am
Thu September 20, 2012

RI ponders creating more affordable housing

Affordable housing in Pawtucket
Photo by: Flo Jonic

PROVIDENCE, RI – State Treasurer Gina Raimondo is lending her support to ballot question 7, which would allow the state to borrow 25 million dollars for affordable housing. The funds would be matched five fold in grants and donations from other sources.

Backers of the measure feel confident it will pass.

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Economy
7:26 am
Mon September 17, 2012

Lardaro: "What a bizarre situation RI finds itself in"

Help Wanted sign
Photo: RIPR file

PROVIDENCE, RI – University of Rhode Island Professor of Economics Leonard Lardaro has released his monthly report on the state's economy. Lardaro says the July numbers show both good news and bad news.

"What a bizarre situation Rhode Island finds itself in the acceleration in activity that everyone here had been so eagerly awaiting has already occurred and is in the process of disappearing!" Those are the words used by Professor Lardaro in summarizing the start of the third quarter.

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Economy
8:56 am
Fri September 14, 2012

Central Falls gets high financial praise

PROVIDENCE, RI – Moody's is taking a shine to Central Falls' plan to dig itself out of bankruptcy. The bond rating agency released a report that applauds the city's five-year plan.

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Economy
9:11 am
Tue August 21, 2012

Rhode Island housing market showing some good signs

Providence city condo skyline
Photo: RIPR file

PROVIDENCE, RI – The data is mixed on Rhode Island home sales, but the news is mostly good for single home sales.

The Rhode Island Association of Realtors reports that home sales were 22 percent higher in July over the same month last year. In addition although the median price was down, it was down just 1 percent. The Association says this means prices are beginning to stabilize.

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Economy
10:21 am
Fri August 17, 2012

Rhode Island's unemployment rate edged down slightly in July

Photo by: RIPR file

PROVIDENCE, RI – Rhode Island's unemployment rate edged down slightly in July.

Rhode Island's jobless rate dipped slightly from 10.9 percent in June to 10.8 percent in July. It was the third consecutive monthly decrease and the lowest rate since May 2009.

Some 60-thousand Rhode Islanders remain out of work, the lowest number in three years.

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Economy
3:39 pm
Wed August 15, 2012

RIPEC: RI sluggish economic growth so far in 2012

PROVIDENCE, RI – A new economic report finds there is more grim news on the Rhode Island economy. The business-backed Rhode Island Public Expenditure Council says the state's economic growth slowed significantly in the first half of the year.

The report also says there appears to be no relief in the short term. RIPEC research director Ashley Denault says a low-skilled workforce coupled with uncertainty about continuation of the Bush tax cuts is causing businesses to hold back on hiring.

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Economy
12:53 pm
Tue August 14, 2012

Gas prices keep on climbing across the region

PROVIDENCE, RI – Gas prices continue to rise in both Rhode Island and Massachusetts, that's according to the weekly survey of gas prices out of AAA Southern New England.

A gallon of regular unleaded jumped seven cents in the Ocean State, now costing on average $3.75 a gallon. That's 21 cents more than what drivers were paying last month, and a nickel above the national average.

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