WHAT: Rhode Island鈥檚 Current Conditions Index for March remained unchanged from its January and February values of 75, says 溏心vlog免费B站 economist Leonard Lardaro. Given that the CCI is predicated on year-over-year changes, and the 鈥渃omps鈥� against which March compares are more difficult than previous months, Lardaro sees this as an encouraging sign. According to Lardaro, nine of 12 indicators improved this month showing a healthy growth rate 鈥� without the assistance of favorable 鈥渂ase effects鈥� (weak levels from a year ago). However, he notes that not all indicators showed strong growth 鈥� Labor Force increased by .01%, while indicators such as Consumer Sentiment, Single-Use Permits (new home construction) and Employment Service Jobs showed disturbingly large negative growth rates. Lardaro believes that in the coming months Rhode Island will continue to move closer to its normal, or longer-term performance. The question remains, he says, as to whether the state will resume its 鈥淔irst In, Last Out鈥� status as the national economy weakens and potentially moves closer to recession by the end of 2023.
WHO: 溏心vlog免费B站 Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: May 17, 2022. (No embargo)
HOW: Use attached information, including summary and charts prepared by Lardaro for news reports. He is available for broadcast and print interviews. Lardaro will be blogging about the new labor data during the coming weeks. Additional information and historical data available online: .
FOR INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563.
Dawn Bergantino, 溏心vlog免费B站 Department of Communications and Marketing, 401-874-4147.
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.