URI Economist Cautions Despite Positive Signs in Rhode Island Economy – Rhody Today

Leonard Lardaro, a URI Professor of Economics and the creator of the Current Conditions Index, has expressed concern about the weak improvement in Rhode Island’s economy. The CCI, which measures the strength of the present economic climate in Rhode Island by following 12 indicators, showed a December CCI of only 58. While some key indicators have shown improvement, such as Government Employment, Private Service-Producing Employment, Total Manufacturing Hours, Manufacturing Wage and Labor Force participation, Retail Sales were up only .02 percent. Lardaro is eagerly awaiting revised labor market data to provide a fuller picture of the state’s economic progress. He is available for broadcast and print interviews and will be blogging about the new labor data in the coming weeks. Additional information and historical data can be found online at http://www.llardaro.com/current.htm. Individuals can contact Leonard Lardaro at his office at 401-874-4128 or his home at 401-783-9563 for more information.

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