Updated August 26 at 6:28pm
Economic Indicators
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The Dow Jones Industrial Average sank more than 420 points as a selloff in Chinese equities spread around the world amid renewed concern that growth there is slowing at the same time that manufacturing in the U.S. decelerated. A flareup in tension between Saudi Arabia and Iran added to geopolitical unease. more
BOSTON – Massachusetts home sales increased 10.3 percent, and condominium sales climbed 16.5 percent, in November, The Warren Group, publisher of Banker & Tradesman, said last week. A total of 4,011 single-family homes were sold in … more
Jobless rates were lower in 322 of the nation’s 387 metropolitan areas in November, including in the Providence-Warwick metro, which saw unemployment fall to 4.9 percent from 6.3 percent in November 2014, according to statistics released by the federal Bureau of Labor Statistics this week. more
Consumer confidence climbed last week to a more than two-month high as holiday-happy Americans registered their most upbeat assessments of the buying climate since April. more
The number of Americans filing applications for unemployment benefits rose more than projected during the Christmas week, reaching the highest level in almost six months, perhaps reflecting typical swings during holidays. more
Foreclosure rates in the Providence-Warwick metropolitan area increased over the year in October, to 1.8 percent from 1.7 percent a year ago, CoreLogic said Wednesday. more
For commercial real estate investors, the good times may be over. more
State general revenue cash collections for fiscal 2016 increased nearly 4 percent through November to $1.4 billion, despite an initial plunge in lottery proceeds associated with the beginning of casino gambling in Massachusetts. more
Contracts to purchase previously owned U.S. homes unexpectedly fell in November, confirming earlier figures that showed the industry lost momentum toward the end of the year. more
It wasn’t all that bad a year to be a Motown resident, or a software publisher, or even a job seeker without a high school degree. more
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