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

Rhode Island’s Economic Outlook: Expert Insights from URI Professor and Creator of the Current Conditions Index

URI Professor of Economics and creator of the Current Conditions Index, Leonard Lardaro, is eagerly awaiting revised labor market data to provide a fuller picture of Rhode Island’s economic progress. The CCI was created by Lardaro to measure the strength of the present economic climate in Rhode Island by following the behavior of 12 indicators. In December, Lardaro stated that Rhode Island’s economy held relatively steady, with some key indicators showing improvement including Government Employment, Private Service-Producing Employment, Total Manufacturing Hours, Manufacturing Wage and Labor Force participation. However, Lardaro is concerned about the weak improvement of Retail Sales and the looming end of federal stimulus money which he expects will make it more difficult to balance the state budget and potentially lead to an economic slowdown.

The Current Conditions Index (CCI) measures the strength of the present economic climate in Rhode Island by following the behavior of 12 indicators. The creator and author of this index is Leonard Lardaro, URI Professor of Economics. He is available for broadcast and print interviews and will be blogging about new labor data in the coming weeks. To learn more or access additional information and historical data, visit http://www.llardaro.com/current.htm. Individuals can contact Leonard Lardaro at his office at 401-874-4128 or home at 401-783-9563 for more information or interview requests

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