Economic Activity
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Oil drops to lowest in 3 months on economic outlook concern
Crude dropped below $87 a barrel to the lowest in almost three months in New York while London’s Brent futures fell for a sixth session as companies missed sales forecasts leading to concern about the global economic outlook. more
Payrolls in U.S. rose 146,000 in Nov.; Jobless rate at 7.7%
Payrolls rose more than anticipated in November and the jobless rate fell to an almost four-year low, indicating superstorm Sandy had little effect on the U.S. labor market. more
U.S. stock futures rise on Fed support speculation, budget talks
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will extend a five-week high, amid speculation the Federal Reserve will expand stimulus measures and as lawmakers continued talks on the budget. more
Oil trades near 4-month high before vote on U.S. debt ceiling
Oil traded near a four-month high as the U.S. House of Representatives neared a vote to temporarily suspend the country’s borrowing limit. more
Job openings in U.S. drop by 100,000 in September
Job openings in the U.S. dropped to a five-month low in September, signaling uneven progress in the labor market. more
Progreso Latino, HousingWorks RI land $215K for foreclosure work
Two Rhode Island organizations have received grants totaling $215,000 as part of the National Mortgage Settlement funding, R.I. Attorney General Peter F. Kilmartin announced Tuesday. more
| 2/20/13
Jobless claims in U.S. fall as storm starts to affect data
Fewer Americans than forecast filed claims for unemployment insurance last week as the effects of Hurricane Sandy started to show up. more
Factory orders in U.S. decrease by the most in 5 months
Orders to U.S. factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. more
S&P 500 rally shows analysts slow or investors too sanguine
The advance that pushed the Standard & Poor’s 500 Index to a record left companies trading closer to analyst price estimates than any time in at least seven years. more
April 1 deadline looms for biz plan applicants
The deadline to apply to the 2013 Rhode Island Business Plan Competition is one week away and all applications are due by 5 p.m. on Monday, April 1. more
| 3/25/13
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