Economic Indicators
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U.S. manufacturing probably stagnated as spending cooled
Manufacturing in the U.S. probably stagnated in July after contracting for the first time in three years, economists said before a report today. more
Revised data shows more jobs than estimated in R.I. 1Q
(Updated, 11:15 a.m.) Revised data from the R.I. Department of Labor and Training showed 7,000 more jobs than originally estimated during the Ocean State’s first quarter. more
| 8/1/12
R.I. foreclosure rate drops slightly in June
The foreclosure rate in Rhode Island dropped 0.5 percentage points in June compared to the same period in 2011, CoreLogic said Tuesday. more
Compensation costs rise 0.4 percent in New England
Compensation costs for civilian workers in New England rose 0.4 percent, seasonally adjusted for the 3 months ended June 30, the U.S. Bureau of Labor Statistic reported Tuesday. more
| 7/31/12
Occupancy rate surpasses 80% in Providence hotels
Hotels in Providence reached an 81.4 percent occupancy rate in June, their best rate since October 2004, according to an analysis recently released by Smith Travel Research. more
Oil falls for first day in five as European confidence worsens
Oil declined in New York for the first time in five days as European economic confidence worsened, fanning concern that fuel consumption may slow. more
Taco commitment to workers pays off
When Taco Inc. of Cranston celebrated the opening of its new Innovation & Development Center on June 18, the official ceremony felt more like a family get-together. Dignitaries mingled with employees, touring the new state-of-the-art facility. John H. White Jr., president of Taco, and his staff, wouldn’t want it any other way. more
Parking a city growth industry
Through the ups and downs of the always jittery Rhode Island economy, one Providence industry remains remarkably strong: parking. 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
MassBenchmarks: State growth outpaces nation in 2Q
Massachusetts’ real gross state product increased at a 4 percent annualized rate during the second quarter, according to the Current Economic Index report released Friday by MassBenchmarks. more
| 7/27/12
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