Economic Indicators
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Growth in U.S. trails forecasts as defense spending falls
The economy in the U.S. grew less than forecast in the first quarter as a drop in defense spending outweighed the biggest increase in consumer spending in two years. more
Jobless claims in U.S. rise for first time in three weeks
Applications for unemployment benefits in the U.S. rose last week, returning to levels seen prior to the holiday period and indicating little change in the pace of firings. more
Rental units could be steppingstone
Could rental houses owned and managed by deep-pocketed hedge funds and big investors be the post-bust steppingstones to homeownership for huge numbers of renters? more
3/18/13
Foreclosures fall in Prov. metro in April, but more to come in R.I.
April foreclosure starts in the Providence-Fall River-New Bedford metropolitan area dropped 7.8 percent, and completed foreclosures fell 32.5 percent compared with the same period last year, according to RealtyTrac’s latest report. more
| 5/9/13
Even with jobless rate drop, R.I. stays No. 6 in U.S. at 8.8%
Despite the three-tenths of a percentage point decline in its unemployment rate in April, to 8.8 percent, Rhode Island still has the sixth-highest jobless rate in the nation, according to data released Friday by the U.S. Bureau of Labor Statistics. more
| 5/17/13
U.S. stocks decline as home sales drop amid corporate earnings
U.S. stocks fell, after the biggest weekly drop in five months for the Standard & Poor’s 500 Index, as sales of previously owned U.S. homes unexpectedly declined in March and investors weighed corporate earnings. more
Regional consumer prices rise in March
The Consumer Price Index in the Northeast rose 1.5 percent over the last 12 months to 248.7 in March, according to a report from the U.S. Bureau of Labor Statistics. more
| 4/16/13
Homebuilder confidence in U.S. climbs on improving outlook
Confidence among U.S. homebuilders improved in May for the first time in five months as buyers rush to take advantage of near record-low mortgage rates. more
Mass. unemployment rate remains at 6%
BOSTON – The Mass. Executive Office of Labor and Workforce Development said last week that the state’s unemployment remained steady at 6 percent in June. more
7/30/12
U.S. stocks advance as leading indicators, sentiment gauges rise
U.S. stocks advanced, putting the Standard & Poor’s 500 Index on track for its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated. more
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