The Ticker

Written By Unknown on Rabu, 28 Mei 2014 | 18.38

Jobless rate in N.E. falls to 6.1 percent

The unemployment rate in New England fell to 
6.1 percent in April, which is slightly below the U.S. average.

The New England information office of the U.S. Bureau of Labor Statistics announced the rate for the six-state region yesterday. It ticked down from 
6.3 percent in March. A year ago, it was 7 percent.

The U.S. unemployment rate for the month was 
6.3 percent.

Rhode Island had the worst jobless rate in New England, at 8.3 percent. That's also the highest rate in the nation.

Connecticut's rate was 6.9 percent, Massachusetts' was 6 percent, Maine's was 5.7 percent, New Hampshire's was 4.4 percent and Vermont's was 
3.3 percent.

S&P scores another record close

U.S. stocks rose yesterday as the S&P 500 scored a second straight record close, buoyed by the latest round of merger activity and as expectations for rate cuts by the European Central Bank stoked investors' appetite for equities.

ECB chief Mario Draghi said the bank must be "particularly watchful" for any negative price spiral in the euro zone. His comments increased bets that the bank was ready to cut rates next week to counter low inflation and weak lending in the euro zone, keeping asset purchases as an option.

The S&P 500 advanced 11.38 points or 0.60 percent, to 1,911.91, a record. The Dow Jones industrial average gained 69.23 points or 0.42 percent, to end at 16,675.50. The Nasdaq Composite added 51.26 points or 1.22 percent, to 4,237.07.

TOMORROW

 Labor Department releases weekly jobless claims.

 Commerce Department releases first-quarter gross domestic product.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

 National Association of Realtors releases pending home sales index for April.


THE SHUFFLE

Waltham-based GMZ Energy, a provider of advanced high-temperature thermoelectric generation power solutions that convert waste heat to power to increase efficiency in internal combustion engines, has announced the appointment of Cheryl Diuguid as CEO. With more than 20 years of international business experience, Diuguid has held senior executive positions in the power and energy industries, including lighting/LED, sapphire, fuel cells and industrial batteries.


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