URI economist: ‘R.I.’s year from hell continued in Sept.’

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WHAT: Rhode Island’s abysmal year continued in September. The state’s unemployment rate, 8.8 percent in September, led the nation, beating even Michigan. As bad as September’s unemployment rate was, it isn’t finished rising.


WHO: URI Professor Leonard Lardaro, creator and author of the Current Conditions Index.


WHEN: For release today, November 10, 2008


HOW: Use enclosed 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 information can also be found on Lardaro’s web site at http://members.cox.net/lardaro/current.htm.


FOR

INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563

Dave Lavallee, URI Department of Communications, 401-874-2116.


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.