Economic Indicators
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Sales up, but still hesitant to hire
Business is busy at New England Copper Works. more
By Rebecca Keister
PBN Staff Writer | 9/3/12
S&P 500 poised for longest monthly gain since March on Bernanke
The Standard & Poor’s 500 Index rose toward its longest monthly rally since March as Federal Reserve Chairman Ben S. Bernanke said he wouldn’t rule out more steps to lower a jobless rate he described as a “grave concern.” more
U.S. retailers’ store sales top estimates on back-to-school
U.S. retailers including Gap Inc. and Macy’s Inc. posted August same-store sales that topped analysts’ estimates as consumers took advantage of back-to-school promotions. more
Sales of foreclosed homes in Providence area drop in 2Q
Sales of previously foreclosed homes in the Providence-Fall River-New Bedford area dropped 22 percent in the second quarter compared with the same period last year, RealtyTrac said Thursday. more
Beige Book: New England growth ‘continues to disappoint’
During June and July, economic growth in the New England region “continued to disappoint” as employment growth faltered and the region lost 2,500 jobs in June alone, according to the Beige Book report from the Federal Reserve Bank of Boston. more
U.S. consumer spending rises for first time in 3 months
Consumer spending in the U.S. climbed in July for the first time in three months as the biggest part of the economy struggled to overcome a jobless rate hovering over 8 percent. more
Jobless rate in Providence metro drops to 10.9%
Unemployment rates were lower year over year in July for 305 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, the U.S. Bureau of Labor Statistics announced Wednesday. more
| 8/29/12
Home sales rise 5% in Bristol County, Mass.
Single-family home sales in Bristol County, Mass. rose 5 percent in July compared with the same period last year while prices remained flat, The Warren Group said Wednesday. more
Economy in U.S. grew more in 2Q than first estimated
The U.S. economy expanded more than previously estimated in the second quarter, reflecting an improvement in the trade deficit and a pickup in household spending on utilities. more
R.I. foreclosure rate falls 0.3 percentage points in July
The foreclosure rate in Rhode Island fell 0.3 percentage points in July compared with the same period in 2011, CoreLogic said Tuesday. more
| 8/28/12
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