Economic Activity
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U.S. stocks rose, snapping a two-day drop in the Standard & Poor’s 500 Index, amid earnings optimism after Alcoa Inc. reported sales that exceeded projections. more
Unemployment rates were lower in November in 322 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to nonseasonally adjusted data from the U.S. Bureau of Labor Statistics. more
Construction employment declined in 151 out of 337 U.S. metro areas – including the Providence-Fall River-Warwick and New Bedford areas – rose in 126 metro areas and stayed stagnant in 60 from November 2011 to November 2012, according to the Associated General Contractors of America. more
The Slater Technology Fund has committed to $250,000 in funding to a $750,000 seed round for Care Thread, a provider of secure mobile messaging and team-based collaboration solutions for the medical industry, Slater announced Tuesday. more
U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to a five-year high, as investors awaited the start of the corporate earnings season tomorrow. more
Employers added workers in December at about the same pace as the prior month, and the unemployment rate matched a four-year low, showing sustained gains in the U.S. labor market even as lawmakers were struggling to reach a budget deal. more
U.S. stock futures were little changed, with the Standard & Poor’s 500 Index heading for its biggest weekly rally in 13 months, as investors awaited the non- farm payrolls and unemployment report for December. more
Consumer sentiment climbed last week and U.S. companies added more workers than projected in December, showing the world’s largest economy picked up even as lawmakers were embroiled in budget disputes. more
The foreclosure inventory in Rhode Island rose 0.2 percentage points year over year in November to 2.9 percent, according to CoreLogic. This means that 2.9 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process. more
More Americans than forecast filed claims for unemployment insurance payments last week as the closing of some state agencies during the holidays prompted the government to estimate figures. more
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