Economic Indicators
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Consumer spending climbs more than forecast on U.S. services
Consumer spending in the U.S. rose more than projected in March, reflecting a jump in outlays for services that is unlikely to be repeated, signaling the biggest part of the economy will soften this quarter. more
Eminent domain is bad ploy for underwater mortgages
Officials in San Bernardino County, Calif., believe they have figured out a clever way to solve the county’s, and possibly the nation’s, housing problems. more
Guest Column: Steven Greenhut | 7/9/12
R.I. sees 3rd-highest construction job contraction in April
During the past year, construction employment in Rhode Island fell nearly 9 percent, or 1,400 jobs, according to the Associated General Contractors of America. more
Jobless claims little changed as U.S. job market stabilizes
The number of Americans filing claims for unemployment benefits was little changed last week, signaling the labor market is stabilizing. more
Consumer spending in U.S. increases by most in 5 months
Consumer spending in the U.S. climbed in February by the most in five months as incomes rose, signaling an improving job market is spurring demand. more
Economy in U.S. expanded at revised 0.4% pace in 4Q
The U.S. economy slowed less than previously estimated in the fourth quarter, reflecting a bigger gain in business spending and a smaller trade gap. more
New England jobless rate falls in February
The unemployment rate for New England fell 0.2 percentage points year over year in February to 7 percent, seasonally adjusted, the U.S. Bureau of Labor Statistics announced Friday. more
| 3/29/13
Barbell approach needed to lift heavy U.S. economy
Despite the hoopla over recent jobs numbers and the June 5 long-term fiscal outlook from the Congressional Budget Office, the underlying reality of the U.S. economy hasn’t changed all that much lately. We are still in the midst of the hard slog following the financial crisis, and we still face a massive long-term, government budget deficit. more
Guest Column: Peter Orszag | 6/11/12
Initial jobless claims in U.S. decline more than forecast
Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, pointing to an improving labor market. more
Wash Trust expansion leads to record profit
Rhode Island’s weak economy and sluggish housing market are not keeping Westerly-based Washington Trust Bancorp Inc. from continuing its momentum of increased earnings, as the parent of The Washington Trust Co. reaped the benefits of its strategic expansion into healthier markets in Massachusetts and Connecticut. more

By Rhonda Miller
PBN Staff Writer | 2/4/13

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