WHAT: As Rhode Island moves into the third quarter, it appears to have left the disappointing performance from the prior quarter behind – at least for now. The July Current Conditions Index jumped from its neutral value of 50 in June all the way to 75 in July, as nine of the 12 indicators improved.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: For release Monday, Sept. 8, 2014
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 R.I. by following the behavior of 12 indicators.