WHAT: 溏心vlog免费B站 economist Leonard Lardaro expressed optimism in viewing the state鈥檚 economic performance in February. Following the release of revised labor market data last month, which Lardaro stated 鈥減ainted a very different and more optimistic picture鈥� of Rhode Island鈥檚 economic performance last year, the Current Conditions Index value improved from 58 in January to 67 in February, with eight of 12 CCI indicators improving. Among them, Single-Unit Permits, Total Manufacturing Hours, Manufacturing Wage, Government Employment showed strong and meaningful improvements, he said. Retail Sales, Private Service-Producing Employment and U.S. Consumer Sentiment continued to show strength. And, most significantly鈥攁ccording to Lardaro鈥擫abor Force Participation rose again in February, its seventh consecutive annual increase. While Lardaro expressed some concern over the state鈥檚 ongoing labor market strength, he notes the state economy may finally be breaking out of first gear where it seemed to have been stuck for the better part of last year.
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: .
WHEN: April 12, 2024
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.