Economic Indicators
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Despite rebound, first-time buyers are missing
Though the housing market is rebounding in many local markets, there is one important segment that is not: First-time buyers are missing in action and represent a smaller proportion of overall sales activity than their historical norm. more
3/11/13
R.I. jobless rate falls to 9.8% in January
Rhode Island’s unemployment rate dropped to 0.1 percentage points to 9.8 percent in January, its lowest level since January 2009, the R.I. Department of Labor and Training reported Thursday. more
Household wealth in U.S. rises by $1.17 trillion
Household wealth in the U.S. climbed in the fourth quarter, propelled by a gain in home prices that is helping repair family finances. more
Providence sells road bond issue at lower-than-expected interest rate
Rhode Island’s capital city successfully sold its $39.3 million general obligation road bond issue at lower than expected rates, Mayor Angel Taveras announced. more
| 3/7/13
Jobless claims in U.S. unexpectedly fall to a 6-week low
The number of Americans who filed for unemployment benefits declined to a six-week low, showing further improvement in the labor market. more
New England economy continues slow expansion, says Fed
New England’s economy activity continued to grow as 2013 started, “albeit slowly,” according to the Beige Book report released by the Federal Reserve Wednesday afternoon. more
Factory orders in U.S. decrease by the most in 5 months
Orders to U.S. factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. more
Bristol County, Mass. foreclosures drop 87% in January
Bristol County, Mass., foreclosure starts dropped 17.4 percent in January while finished foreclosures plummeted 86.7 percent compared with the first month of 2012, The Warren Group said Monday. more
| 3/5/13
Dow average surges to record as profits stoke 4-year rebound
The Dow Jones Industrial Average rose to its highest level ever, erasing losses from the financial crisis after a four-year rally fueled by the fastest profit growth since the 1990s and monetary stimulus from the Federal Reserve. more
Home prices continue to rise in Providence metro
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 0.6 percent from January 2012 to January 2013, according to CoreLogic’s Home Price Index. more
| 3/5/13
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