WHAT: The second quarter started with a continuation of the reacceleration that followed the doldrums of the second half of 2011. Rhode Island’s economy is definitely doing better than it did then. There are however, reasons to believe that this recent acceleration may be losing momentum, as the growth rates in several key non-survey based indicators are moderating.

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

WHEN: For release today, June 11, 2012

HOW: Use attached 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://www.llardaro.com/current.htm. Lardaro will be blogging 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

Dave Lavallee, URI Department of Communications and Marketing, 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.