Economic Indicators
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Surveys: CFOs not ready to say recovery complete
Rhode Island chief financial officers echo the restrained expectations for economic growth in 2013 found in two national surveys of finance executives. America’s stubborn economic issues are weighing heavily on regional growth, some local financial leadetrs said. more

By Rhonda Miller
PBN Staff Writer | 3/4/13

Mass. picks up 7,500 jobs in December
BOSTON – The Mass. Executive Office of Labor and Workforce Development reported preliminary December 2012 federal estimates show a gain of 7,500 jobs in the state over the month, for a total of 3,263,400 jobs. The December job gain follows a revised loss of 3,200 jobs in November. more
1/28/13
Bernanke says premature Fed tightening would endanger recovery
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery. more
Finally, equity is returning for homeowners
Home equity is back! And it’s growing fast: According to the latest data from the Federal Reserve, Americans’ net equity holdings in their houses jumped by nearly half a trillion dollars during the last three months of 2012, and have increased by $1.7 trillion since the spring of 2011. more
3/25/13
Millionaires enticed to become landlords
JPMorgan Chase & Co. is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value. more
Bloomberg News | 2/11/13
Shadow economy seen boosting U.S. retail sales
When Kevin Kalmes received a foreclosure notice on her home after being unemployed for more than two years, she said she started selling the contents of her basement, figuring that “I can’t fit all this stuff in a Wal-Mart shopping cart.” more
Bloomberg News | 3/25/13
Exports from R.I. fall 5.1% in March
Exports from the Ocean State fell 5.1 percent in March to $183.1 million on a month-to-month, seasonally adjusted basis after falling 15.3 percent in February, according to an international trade statistics report from e-forecasting.com. more
| 5/23/13
U.S. stocks decline after record highs amid retail sales data
U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April. more
R.I., Mass. personal income grow 0.3% in 3Q
Personal income in Rhode Island and Massachusetts both grew 0.3 percent during the third quarter as growth slowed down to 0.5 percent across the United States, according to a new report from the U.S. Bureau of Economic Analysis. more
| 12/19/12
Soaring costs hampering U.S. housing rebound
Even as U.S. housing rebounds from its worst downturn since the 1930s, production bottlenecks are pushing up building-materials costs, land prices are rising and skilled labor ready to begin work is hard to find. more

By Rhonda Miller
PBN Staff Writer | 4/29/13

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