Economic Indicators
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U.S. bank loans are at post-recession peak
Banks in the U.S. are lending the most since the recession ended in June 2009, supporting an economy weighed down by 8.3 percent unemployment. more
Bloomberg News | 8/13/12
Signs point to sustained recovery
The last time the housing market showed this much life was the summer of 2010. Rhode Island’s year-over-year home sales had just surged 11 percent in the second quarter, median prices were up 9 percent and frantic buyers had pushed the average length of time a listing stayed on the market to a scant 83 days. more
Initial unemployment claims in R.I. drop 28% in 2Q
During the second quarter of 2012, 1,452 Rhode Islanders workers filed initial claims for unemployment, a 27.8 percent drop from the 2,011 workers who filed initial claims during the second quarter of 2011. more
Mortgage delinquencies in U.S. rise for first time in year
The U.S. mortgage delinquency rate increased for the first time in a year as slowing economic growth left more borrowers struggling to pay their bills. more
Commercial real estate shows ‘signs of improvement’ in 2012
Commercial real estate sales and leasing showed “multiple signs of improvement” in the first half of 2012 compared with the same period of last year, but prices remain stagnant, Capstone Properties said in its midyear survey. more
R.I. takes control of Schilling’s 38 Studios assets
The R.I. Economic Development Corporation and Bank of New York Mellon Trust Co. won court approval to take possession of assets of 38 Studios LLC, the bankrupt video-game maker founded by former Boston Red Sox pitcher Curt Schilling. more
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
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