Providence Ranked 94th Out of 102 Cities for Economic Ranking
Tuesday, November 13, 2012
The new is bad. Just plain bad for Mayor Angel Taveras and the City of Providence.
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).
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTOklahoma City was ranked first in the country and Boston ranked ninth.
The report was developed by a coalition of business journals.
Providence Rank:
Rank 94
Metro Providence
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%