Rhode Island State Profile

Rhode Island's inventory of unsold homes declining; budget deficit deepens; tourism forecasted to pick up in 2010; jobless rate projected to remain high throughout 2010, then slightly recover in 2011; business tax climate rated among worst in nation.

• State job growth fell 3.8% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 12.8% in August 2009; the national average was 9.7%
• Personal income fell 1.0% to $43 billion in Q2 2009 from a year ago.
• Tax revenue fell 8.9% in Q2 2009 from the previous year.
• Exports fell 25.0% to $817 million in the first seven months of 2009 from a year ago.