Economic Indicators
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MassBenchmarks: Mass. economy shifts into ‘lower gear’
After outstripping national growth in recent years, the Massachusetts economy has “dropped into a lower gear,” according to the Leading Economic Index released Thursday by the MassBenchmarks editorial board. more
Oil drops to lowest in 3 months on economic outlook concern
Crude dropped below $87 a barrel to the lowest in almost three months in New York while London’s Brent futures fell for a sixth session as companies missed sales forecasts leading to concern about the global economic outlook. more
Jobs outlook seen weak as U.S. companies see need for cost cuts
Weakening demand is forcing new and accelerated cost reductions at companies from Bank of America Corp. and Hewlett-Packard Co. to Staples Inc. and Eastman Kodak Co., dimming the outlook for an already struggling U.S. labor market. more
Leading economic indicators edge upward in August
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose slightly to 120.1 in August. more
| 10/1/12
Pump prices rise 1 cent in R.I., Mass.
Gas prices in Rhode Island rose 1 cent this week after dropping 3 cents last, according to AAA Southern New England. more
| 10/1/12
Initial jobless claims in U.S. rose last week to 361,000
The number of Americans filing first-time claims for unemployment insurance payments rose for the first time in five weeks, a sign further improvement in the labor market depends on faster economic growth. more
Mass. sees drop in completed foreclosures
BOSTON – Massachusetts saw 566 completed foreclosures in August, the lowest monthly level to date in 2012, The Warren Group said last week. more
10/8/12
Quick-service where restaurant jobs are in U.S.
Rachael Wright had culinary training, a bachelor’s degree in nutrition and a dream of putting her education to work. After a couple of years waiting tables and trying to launch her career, Wright finally went where the jobs are: quick-service food. more
Bloomberg News | 10/8/12
Commercial real estate database to be searchable online
Anyone who’s bought or sold a house recently is probably familiar with the Multiple Listing Service in their state, the database where sales and properties for sale, are listed. But for those interested in commercial real estate – potential buyers, sellers, brokers, bankers and insurers – the residential-based system has never quite fit. more

By Patrick Anderson
PBN Staff Writer | 10/15/12

Boutique shops build momentum
When Nora Alexander was a student at Rhode Island School of Design 10 years ago, the only things that routinely drew her and her classmates into downtown Providence were live music and “dive” bars. more

By Patrick Anderson
PBN Staff Writer | 10/15/12

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