July’s Current Conditions Index of 75 ties June for year’s highest
WHAT: For five consecutive months, the Current Conditions Index has either matched or exceeded its year-earlier value. July was yet another very good month for Rhode Island, as its overall economic performance continued to improve and its labor market appears to be sustaining the kind of momentum it has not had for a while. The index for July was 75, tied for its highest value of the year, as nine of the 12 indicators improved.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: Monday, Sept. 14, 2015
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.
Available Online: http://www.llardaro.com/current.htm (NEW URL) Blog: http://rieconomy.blogspot.com
FOR INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563
Dave Lavallee, URI Department of Communications and Marketing, 401-874-5862.
BACKGROUND: The Current Conditions Index, created by Lardaro, measures the strength of the present economic climate in Rhode Island by following the behavior of 12 indicators.
For more URI News visit www.uri.edu/news