Economic Indicators
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U.S. stocks climb as Bernanke sees ‘scope for further action’
U.S. stocks rose, paring the Standard & Poor’s 500 Index’s first weekly decline in almost two months, as Federal Reserve Chairman Ben S. Bernanke said he saw “scope for further action,” increasing speculation the central bank will act to boost economic growth. more
Mortgage delinquencies rise in Providence area, drop in R.I.
The share of homeowners falling behind on their mortgage in the Providence-Fall River-New Bedford area rose .03 percentage points in June compared with the same period last year, but fell .06 percentage points in Rhode Island, Corelogic said Thursday. more
Report: 29.4% of Providence area homes ‘underwater’
In the second quarter, 29.4 percent of all homes in the Providence-Fall River-New Bedford area were worth less than the outstanding balance on their mortgage, down .01 percentage point from the first quarter, Zillow said Thursday. more
Travel projections up for Labor Day despite rising gas prices
AAA Southern New England projects a 2.9 percent increase in Labor Day travel. The trade group estimates that 33 million U.S. residents will travel 50 miles or more from their home during the Labor Day holiday period between Thursday, Aug. 30, and Monday, Sept. 3. more
| 8/23/12
Jobless claims in U.S. rise to highest level in a month
The number of Americans filing applications for unemployment benefits climbed last week to a one-month high, showing little progress in the labor market. more
R.I. exports rise 13.2% in June
Exports from Rhode Island rose 13.2 percent in June after plunging 23.1 percent in May, according to an international trade statistics report from e-forecasting.com. more
Treasuries gain as equities slump on signs global growth slowing
Treasuries rose for a fourth day as global equities slumped after Japanese trade figures fell short of economists’ forecasts, reinforcing concern that Europe’s debt crisis and a slowdown in China are damping global growth. more
Oil advances to 3-month high before European debt meetings
Oil climbed to the highest in three months in New York as speculation European leaders meeting this week will make progress on the region’s debt crisis supported prices against forecasts of rising supply in the U.S. more
U.S. stocks decline amid concern over European debt crisis
U.S. stocks fell, after the Standard & Poor’s 500 Index rose to its highest level since April, amid investor concern European leaders will fail to quell the region’s debt crisis. more
Pump prices continue to rise in R.I., Mass.
Rhode Island’s gasoline prices rose 6 cents this week, according to AAA Southern New England. more
| 8/20/12
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