Magnitude of job gains in R.I. ‘surprise’ URI economist
Dave Lavallee, 401-874-5862
Current Conditions Index shows state’s recovery began early last year
WHAT: Current Conditions Index values for all of 2010 were substantially higher than what the existing data throughout last year had led people to believe. The new data point quite clearly to a change in the date for the beginning of Rhode Island’s current recovery from June 2010 to February 2010. The index for January 2011 was 67, with eight of the 12 indicators improving, and another strong performance from employment service jobs, which rose 2.8 percent.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: For release today March 14, 2011
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://members.cox.net/lardaro/current.htm.
INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563
Dave Lavallee, URI Department of Communications and Marketing, 401-874-2116.
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.
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