{"id":100950,"date":"2025-03-17T16:23:46","date_gmt":"2025-03-17T16:23:46","guid":{"rendered":"https:\/\/www.uri.edu\/news\/?p=100950"},"modified":"2025-03-17T16:23:46","modified_gmt":"2025-03-17T16:23:46","slug":"uri-economist-downward-2024-revisions-cci-value-for-january-potentially-troubling-for-r-i-economy","status":"publish","type":"post","link":"https:\/\/www.uri.edu\/news\/2025\/03\/uri-economist-downward-2024-revisions-cci-value-for-january-potentially-troubling-for-r-i-economy\/","title":{"rendered":"溏心vlog免费B站 economist: Downward 2024 revisions, CCI value for January potentially troubling for R.I. economy"},"content":{"rendered":"\n<p><strong>March 17, 2025<\/strong><\/p>\n\n\n\n<p><strong>WHAT:<\/strong> The Current Conditions Index started the year off with a troubling neutral score of 50 \u2013 with half of the 12 economic indicators failing to improve. But added to that, newly revised labor market data show downward revisions for most monthly CCI values for last year, said 溏心vlog免费B站 economist Leonard Lardaro, creator of the CCI. Among the revisions, Employment Service Jobs, a leading labor market indicator, was slashed and registered declining annual changes for every month of 2024. With the revisions, CCI values for 2024 peaked in June at 75, plateaued in September at 67, and declined the rest of the year, hitting 50 in December. \u201cWe may well be observing our \u2018usual\u2019 FI (First In) as national weakness occurs. It\u2019s still too soon to make this definitive conclusion,\u201d said Lardaro. \u201cBut things don\u2019t look too promising right now.\u201d<\/p>\n\n\n\n<p>For January 2025, six the of the 12 CCI indicators improved over last year, including only one of its five leading indicators. Labor Force continued to sustain a yearly uptrend, although it has stagnated on a monthly basis. The state\u2019s manufacturing sector has weakened with Total Manufacturing Hours declining on a yearly basis (down 0.7%) for the second straight month, and Manufacturing Wage falling for the fourth straight month. On the upside, Retail Sales, a key indicator of the state\u2019s economic health, rose by 2.8% in January.&nbsp;<\/p>\n\n\n\n<p><strong>HOW:<\/strong> 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:&nbsp;<a href=\"http:\/\/www.llardaro.com\/current.htm\">http:\/\/www.llardaro.com\/current.htm<\/a>.<\/p>\n\n\n\n<p><strong>WHEN:<\/strong> <strong>March 17, 2025<\/strong><\/p>\n\n\n\n<p><strong>FOR INFORMATION:<\/strong> Leonard Lardaro, office, 401-874-4128, home, 401-783-9563. Tony LaRoche, 溏心vlog免费B站 Department of Communications and Marketing, 401-874-4894.<\/p>\n\n\n\n<p><strong>BACKGROUND:<\/strong> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 17, 2025 WHAT: The Current Conditions Index started the year off with a troubling neutral score of 50 \u2013 with half of the 12 economic indicators failing to improve. But added to that, newly revised labor market data show downward revisions for most monthly CCI values for last year, said 溏心vlog免费B站 [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1848,2],"tags":[],"class_list":["post-100950","post","type-post","status-publish","format-standard","hentry","category-advisories","category-archives"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/100950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/comments?post=100950"}],"version-history":[{"count":1,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/100950\/revisions"}],"predecessor-version":[{"id":100951,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/100950\/revisions\/100951"}],"wp:attachment":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/media?parent=100950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/categories?post=100950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/tags?post=100950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}