Providence Ranked 94th Out of 102 Cities for Economic Ranking
Tuesday, November 13, 2012
Providence ranks 94th among all U.S. cities in a new index tracking the economic strength of the nation's largest metro areas. What is worse? Only 102 cities were ranked.
The bottom three - Riverside, CA (100), Las Vegas (101) and Tampa St. Pete (102).
Oklahoma City was ranked first in the country and Boston ranked ninth.
The report was developed by a coalition of business journals.
Overall score 28.615
Short-term score 28.911
Short-term rank 91
Long-term score 28.317
Long-term rank 87
5-year private-sector growth -6.60%
1-year private-sector growth 0.67%
Unemployment rate 9.8%
Earnings per worker $817.23
5-year earnings growth 9.41%
1-year earnings growth 4.80%
5-year house appreciation -22.58%
1-year house appreciation -2.08%