Economic Activity
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(Updated, 5 p.m.) The Rhode Island International Film Festival, which kicks off on Tuesday, Aug. 6, and will continue through Aug. 11, will feature a variety of activities and events to help attendees “discover the new voices of independent film,” festival organizers said in a release. more
CVS Caremark Corp. posted strong sales and increased profit in the second quarter of 2013, the company reported Tuesday. more
The U.S. trade deficit narrowed more than forecast in June to the lowest level since October 2009 as crude oil imports declined and American companies shipped more goods abroad. The … more
Rhode Island had the seventh-highest rate of foreclosure and loan delinquency in the nation in June even as the rate declined from June 2012, according the Mortgage Monitor report released Monday by Lender Processing Services. more
Orders placed with U.S. factories rose in June, pointing to further stabilization in manufacturing that may help lift second-half growth. more
Employers added fewer workers than anticipated in July even as the U.S. jobless rate dropped to 7.4 percent, indicating uneven progress in the labor market. more
Manufacturing in the U.S. expanded at the fastest pace in more than two years as orders and production jumped, indicating more factories were growing optimistic about the second half of the year. more
Claims for jobless benefits unexpectedly dropped to the lowest level in more than five years, extending swings typical for the month of July. more
Gov. Lincoln D. Chafee Wednesday signed legislation to create an additional enterprise zone in Pawtucket, providing tax incentives to companies in the zone for hiring local workers. more
Growth in the Massachusetts economy slowed considerably in the second quarter of 2013, hamstrung in particular by austerity measures by the federal government, local economy journal MassBenchmarks reported in its Current Economic Index Wedneday. more
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