Economic Indicators
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Banco Santander SA said third-quarter profit rose 52 percent, beating estimates, as charges for bad loans dropped in Spain and earnings climbed in the U.K. and Brazil. more
U.S. stocks rose, with the Standard & Poor’s 500 Index touching a record, as reports of a cease-fire in Ukraine boosted global equities and data showed orders at American factories rose the most on record in July. more
More U.S. cities are hiring than at any time since the Great Recession as the reviving economy and rising property taxes allow higher spending for a second straight year, according to a report released last week. more
In a volatile economy and real estate market, Rhode Island rents have been a source of stability. more
BOSTON – Massachusetts lost 1,600 jobs in April but saw its total unemployment rate drop 0.3 percent, to 6 percent, from the March rate, according to the Mass. Bureau of Labor Statistics’ preliminary estimates. more
Rhode Island’s unemployment rate may be the highest in the nation at 8.3 percent, but a lesser-known metric ranks the state sixth highest – and lends insight into the state’s condition, local economists say. more
Wherever the debate about the data in Thomas Piketty’s work on inequality may lead, there’s at least one bright side: The argument itself reflects a desirable shift in the field of economics toward answering questions that matter. more
BOSTON – The Mass. Bureau of Labor Statistics’ preliminary estimates show that Massachusetts added 9,100 jobs in May and the total unemployment rate dropped 0.4 of a percentage point from April’s rate to 5.6 percent. more
Is airline consolidation really so bad for the flying public? On the surface it would seem that way. In 2013, for instance, 85 percent of all U.S. domestic passengers flew on one of just four airlines -– each of which expanded substantially as a result of a merger or acquisition between 2008 and 2013. Meanwhile, between 2007 and 2012, airfares rose 4 percent. Consolidation appears to have reduced competition. more
Rhode Island should be attracting a substantial amount of research and development, considering its mostly urban environment, good public and private universities and its human capital, says Michael Hicks, director of Ball State University’s Center for Business and Economic Research, which last month released its 2014 Manufacturing and Logistics Report. more
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