Economic Indicators
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Providence area foreclosure filings plunge 30%
Foreclosure filings in the Providence-Fall River-New Bedford area plunged 30 percent in July compared with the same period in 2011 and new foreclosure starts fell 26 percent, RealtyTrac said Thursday. more
U.S. productivity rises 1.67% in 2Q
Productivity in the United States increased 1.67 percent and unit labor costs rose 1.7 percent in the nonfarm business sector during the second quarter of 2012, reported the U.S. Bureau of Labor Statistics. more
| 8/8/12
Oil drops from two-month high in N.Y. as U.S. demand eases
Oil slid from the highest close in more than two months as investors sold contracts on speculation that recent gains were excessive amid signs of weakening demand in the U.S, the world’s biggest consumer of crude. more
Job openings climb to highest level in 4 years
Job openings in the U.S. rose in June to the highest level in four years, foreshadowing more consistent employment gains in the second half of the year. more
U.S. mortgage closing costs decline 7.4% as lenders compete
Mortgage closing costs in the U.S. declined in the past year as lenders competed to attract qualified borrowers, Bankrate Inc. said. more
Stock futures advance amid better-than-estimated earnings
U.S. stock futures advanced, after the longest weekly rally in the Standard & Poor’s 500 Index since March, amid better-than-estimated corporate earnings. more
U.S. adds 163,000 jobs in July
Total nonfarm payroll employment in the U.S. rose by 163,000 in July, though the country’s unemployment rate was essentially unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 8/3/12
Stocks rise to highest level since May after jobs report
U.S. stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since May, after data showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high. more
Drought seen prompting short-term pause in U.S. farmland gains
Farming’s inherent risk, forgotten during years of booming incomes that pushed farmland values to records, may damp enthusiasm for investing even as government subsidies buoy U.S. cropland returns, analysts and farmers say. more
U.S. leading economic indicators rise in July
Following a drop of 1.9 percent in June, an index of America’s leading economic indicators gained 1 percent in July. more
| 8/2/12
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