Updated July 31 at 5:31pm
Economic Indicators
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With the drop of Rhode Island’s unemployment rate in July to 7.7 percent, the state no longer claimed the highest jobless rate in the country for the first time since October, the U.S. Bureau of Labor Statistics reported Monday. more
Foreclosures in the Providence-Warwick metro area represented 1.78 percent of all mortgages for the month of June, compared with 2.35 percent for the same month last year, according to data released Wednesday by CoreLogic. more
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 2,000 for the first time, on signs of more corporate takeovers and stimulus for the European economy. more
The economy in the United States expanded more than previously forecast in the second quarter, propelled by the biggest gain in business investment in more than two years that bodes well for the rest of 2014. more
This year’s Treasury market rally has been stronger than every economist surveyed by Bloomberg News predicted. more
Haven demand sparked by the crisis in Greece isn’t proving enough to prevent Treasuries from heading for their first quarterly loss since 2013 with the Federal Reserve poised to raise interest rates this year. more
Rhode Island’s seasonally adjusted unemployment for April dropped to 6.1 percent, two-tenths of a percentage point lower than it was in March, according to data released Thursday by the R.I. Department of Labor and Training. more
Rhode Island once again was among the top five states with mortgages delinquent by 90 days or more, according to data released Friday by Black Knight Financial Services. more
Consumer confidence increased more than forecast in June as Americans grew more optimistic about the economy and the labor market. more
Gasoline prices dropped in Rhode Island and Massachusetts for the second week in a row, 4 cents and 9 cents, respectively, according to AAA Northeast. more
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