Economic Indicators
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U.S. mortgage closing costs decline 7.4% as lenders compete
Mortgage closing costs in the U.S. declined in the past year as lenders competed to attract qualified borrowers, Bankrate Inc. said. more
Stock futures advance amid better-than-estimated earnings
U.S. stock futures advanced, after the longest weekly rally in the Standard & Poor’s 500 Index since March, amid better-than-estimated corporate earnings. more
U.S. adds 163,000 jobs in July
Total nonfarm payroll employment in the U.S. rose by 163,000 in July, though the country’s unemployment rate was essentially unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 8/3/12
Stocks rise to highest level since May after jobs report
U.S. stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since May, after data showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high. more
Drought seen prompting short-term pause in U.S. farmland gains
Farming’s inherent risk, forgotten during years of booming incomes that pushed farmland values to records, may damp enthusiasm for investing even as government subsidies buoy U.S. cropland returns, analysts and farmers say. more
U.S. leading economic indicators rise in July
Following a drop of 1.9 percent in June, an index of America’s leading economic indicators gained 1 percent in July. more
| 8/2/12
Jobless claims in U.S. climbed less than forecast last week
The number of Americans filing applications for unemployment benefits rose less than forecast last week as annual auto shutdowns continued to influence the number. more
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
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