Updated May 28 at 9:28pm
Economic Indicators
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The Providence-Fall River-Warwick metro area unemployment rate dropped in June to 7.1 percent nonseasonally adjusted, nine-tenths of a percentage point lower than the 8 percent reported a month earlier, the U.S. Bureau of Labor Statistics said Wednesday. more
Gains in consumer spending and business investment helped the U.S. economy rebound more than forecast in the second quarter following a slump in the prior three months that was smaller than previously estimated. more
Real gross domestic product in Massachusetts grew at an annual rate of 4.9 percent in the second quarter, reversing the economy’s contraction in the first quarter and outpacing U.S. economic growth for the same period, local economy journal MassBenchmarks reported in its Current Economic Index Wednesday. more
Exports from Rhode Island rose 15.6 percent in May compared with a year earlier, climbing to $190.4 million from $164.7 million in May 2013, according to an e-forecasting.com report released Monday. more
Fewer Americans than forecast signed contracts to buy previously owned homes in June, a sign residential real estate is struggling to strengthen. more
U.S. stocks fell, after the Standard & Poor’s 500 reached a record on July 24, as home sales declined and investors watched overseas crises before this week’s Federal Reserve policy decision. more
Rhode Island’s average hotel occupancy rate for May increased 4.7 percent over last May, exceeding the 3.6 percent rate for New England, and tourism experts say new and trusted marketing strategies, and pent-up demand are the reason. more
BOSTON – The Mass. Executive Office of Labor and Workforce Development last week said that the state added 3,700 jobs in June, edging the total unemployment down 0.1 of a percentage point to 5.5 percent from the May rate. more
Foreclosure starts in Massachusetts nearly doubled in June, according to The Warren Group’s report released Wednesday. more
The number of Americans filing applications for unemployment benefits unexpectedly dropped last week to the lowest level in more than eight years. more
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