Economic Indicators
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More investors turning to indexed annuities
Gains in indexed annuities are making some financial planners take notice, with first-quarter sales jumping 14 percent compared to last year. Overall, annuity sales are currently slumping, but indexed annuities are turning into a hot commodity. more
Sovereign seen unaffected by European fiscal woes
By this time next year, Sovereign Bank will have completed its national transformation to Santander Bank, part of the Spanish-owned Banco Santander SA, one of the largest banks in the world. more
Eminent domain is bad ploy for underwater mortgages
Officials in San Bernardino County, Calif., believe they have figured out a clever way to solve the county’s, and possibly the nation’s, housing problems. more
Guest Column: Steven Greenhut | 7/9/12
Manufacturing is a fast path to recovery
According to the National Association of Manufacturers, every manufacturing job is supported by 3.5 service jobs. It is no wonder, then, that politicians want to talk up the sector. Growing manufacturing jobs not only adds highly paid, blue-collar workers to payrolls, it helps bring down the country’s persistent unemployment problem, too. more
7/9/12
Report: R.I. bioscience sector shows job growth since 2001
According to the Battelle/Bio State Bioscience Industry Development Report, Rhode Island’s bioscience sector grew 44.3 percent from 2001 to 2010. more
U.S. payrolls rose 80,000 in June, less than forecast
Employers in the U.S. hired fewer workers than forecast in June, showing the labor market is making scant progress toward reducing joblessness. more
Stocks decline in U.S. as ECB overshadows jobless claims report
U.S. stocks retreated, snapping a three-day advance for the Standard & Poor’s 500 Index, as disappointment over the European Central Bank’s efforts to tame the debt crisis overshadowed improving American employment data. more
U.S. companies add 176,000 workers in June, says ADP
Companies in the U.S. added more workers than forecast in June, which may ease concern the labor market is deteriorating, a private payrolls report showed. more
Providence area GDP drops from ’06 to ’11
The real gross domestic product for the Providence metro area averaged $58.5 billion – in 2005 dollars – during the first quarter of 2011 compared with $61.8 billion five years earlier, according to a report from e-forecasting.com. more
| 7/3/12
Orders to U.S. factories increase for first time in 3 months
Orders placed with U.S. factories rose in May for the first time in three months, easing concern that manufacturing is faltering. more
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