Economic Indicators
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It’s bad luck to be born 20 years before a time of high unemployment. It affects your income when you enter the workforce, naturally, but that’s not all. It can keep your earnings relatively low – and chip away at your health and happiness, as well – for a lifetime. 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
If the region’s business leaders listened only to the chattering class or politicians with points to score, you get the sense they wouldn’t bother to get out of bed in the morning. After all, Rhode Island is dead last is every job-creation or business-climate list, right? more
New-home sales in the U.S. surged in August to the highest level in more than six years, a sign that the housing recovery is making progress. more
The Mass. Bureau of Labor Statistics announced last week that preliminary estimates show the state added 8,100 jobs in March and that the total unemployment rate dropped another 0.2 of a percentage point, to 6.3 percent, from the February rate. more
Prices paid to American factories and service producers rose in April by the most in more than a year, indicating a diminishing risk of deflation as demand improves. more
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for a weekly drop, as DuPont Co. slid after cutting its earnings forecast while utilities and consumer shares led gains. more
Job openings in the U.S. rose more than forecast in February to a six-year high as employers moved to boost hiring in response to rising consumer demand. more
U.S. stocks fell, after the biggest drop for the Nasdaq 100 Index in two years, as technology and consumer companies extended last week’s slide before the start of corporate earnings season. more
The homeownership rate in the U.S. declined to the lowest in almost 19 years as rising property prices and mortgage rates held back demand. more
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