Rhode Island Economy

Town-by-Town Single-Family Home Sales, October

By Justin Katz | November 13, 2012 |

Election season and other contingencies led me to miss the single-family home sales data for September, but compared with August, Rhode Island’s real estate market appeared to near or perhaps finally to reach the bottom in October. For the state as a whole, median sales prices were lower in the last 12 months than in…

Things We Read Today (27), Wednesday

By Justin Katz | October 31, 2012 |

Campaign finance & incumbents; where the buck stops for the bad economy; Obama follows Chafee on a Commerce Czar; and the storm should be a warning. Continue reading on the Ocean State Current…

Ballot Questions for the Voters

By Justin Katz | October 23, 2012 |

In what’s beginning to feel like a Rhode Island tradition, seven ballot questions will be posed to voters on November 6 having to do with casinos and debt. Those with a personal financial or ideological stake are making their cases, but small-government, free-market ideals should lead voters to be wary of the pitches. Continue reading…

An Unexplected Surge in Employment

By Justin Katz | October 22, 2012 |

The national political scene saw quite a stir, the first week of October, when the Bureau of Labor Statistics (BLS) reported a huge jump in employment and corresponding drop in the unemployment rate.  As I noted at the time, a large percentage of the increase was attributable to people who are involuntarily working part time,…

Rhode Island Economy Booming! Or Not.

By Justin Katz | October 18, 2012 |

According to a press release from the RI Department of Labor and Training — the last to report this data before the election — Rhode Island’s unemployment rate dropped to 10.5% in September, its lowest level since April 2009.  The change was on the strength of the state’s ” largest monthly increase of employed RI residents since…

Government Debt and the Danger of Historical Growth

By Justin Katz | October 13, 2012 |

In today’s Saturday column,Ted Nesi voices reasoning that is only possible in a society that’s become hubristicly accustomed to economic growth as an inevitability: If bond investors are offering Rhode Island the lowest interest rates in its history, shouldn’t the state be borrowing more money right now? Gina Raimondo has hinted she’s thinking that way,…

Town-by-Town Single-Family Home Sales, August

By Justin Katz | October 10, 2012 |

Checking in on single-family home sales across Rhode Island, as I did for July and 1Q12, reveals a mixed picture. Results for the state are mildly improving, but the “downward spiral index” worsened for 22 of the 38 listed cities and towns. The downward spiral index is the sum of the three percentages given in…

Things We Read Today (24), Thursday

By Justin Katz | October 4, 2012 |

West Warwick for all; the essence of education reform; declines in people births; declines in business births; the easy street to dependency. Continue reading on the Ocean State Current…

Things We Read Today (22), Tuesday

By Justin Katz | October 2, 2012 |

Economic development options, from all-government to government-dominated; the heartless-to-caring axis in politics; Southern New Englanders’ “independence”; solidarity between Romney and his garbage man; the media coup d’etat. Continue reading on the Ocean State Current…

Study Provides Positive PR Opportunity for Providence

By Marc Comtois | October 1, 2012 |

There’s always bad news to talk about around here–fish in a barrel. So when good stuff comes down the pike, we’ve got to be able to take advantage of it. KPMG recently did an international survey and analysis (PDF) of business tax costs around the world. Part of the survey included a ranking of U.S.…