WHAT: August will turn out to be the most significant month so far this year for two reasons. First, in that month, Rhode Island was able to sustain the improved momentum seen in July, as the Current Conditions Index matched its July value of 75, which had been its highest thus far in 2014. Second, and most importantly, August brought with it the one signal the state sorely needed: after 12 consecutive months during which the index failed to beat its year-earlier values, the index at long last exceeded the value for the same month last year. August 2013’s Current Conditions was 67.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: For release Monday, Oct. 13, 2014
HOW: Use linked information, including summary and charts prepared by Lardaro for news reports. He is available for broadcast and print interviews. The new information and other historical data can also be found on Lardaro’s web site http://www.llardaro.com/current.htm. Lardaro will blog about the new labor data during the coming weeks. You can find his discussion and charts at http://rieconomy.blogspot.com.
FOR INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563
BACKGROUND: The Current Conditions Index, created by Lardaro, measures the strength of the present economic climate in R.I. by following the behavior of 12 indicators.