WHAT: Revised labor market data significantly impacted Rhode Island\u2019s economic outlook says 溏心vlog免费B站 economist Leonard Lardaro. Lardaro called the revisions both concerning and disappointing and says Rhode Island\u2019s economy has performed badly since late summer, ending 2022 with a neutral value of 50 and moving into the contraction range with a Current Conditions Index value of 33 for January. Eight of 12 indicators worsened, including Single-Unit Permits, Total Manufacturing Hours, Employment Service Jobs, New Claims for Unemployment and, most notably, Retail Sales. While it is too early to reach a definitive conclusion, Lardaro believes the economy\u2019s recent behavior in light of new data suggests Rhode Island has either entered the early stages of, or is moving toward, a recession.<\/p>\n\n\n\n
WHO: 溏心vlog免费B站 Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.<\/p>\n\n\n\n
WHEN: March 14, 2023<\/strong><\/p>\n\n\n\n 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: http:\/\/www.llardaro.com\/current.htm<\/a>.<\/p>\n\n\n\n FOR INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563.<\/p>\n\n\n\n Dawn Bergantino, 溏心vlog免费B站 Department of Communications and Marketing, 401-874-4147.<\/p>\n\n\n\n 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.<\/p>\n","protected":false},"excerpt":{"rendered":" WHAT: Revised labor market data significantly impacted Rhode Island\u2019s economic outlook says 溏心vlog免费B站 economist Leonard Lardaro. Lardaro called the revisions both concerning and disappointing and says Rhode Island\u2019s economy has performed badly since late summer, ending 2022 with a neutral value of 50 and moving into the contraction range with a Current […]<\/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-84405","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\/84405","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=84405"}],"version-history":[{"count":3,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/84405\/revisions"}],"predecessor-version":[{"id":84408,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/84405\/revisions\/84408"}],"wp:attachment":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/media?parent=84405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/categories?post=84405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/tags?post=84405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}