A University of Rhode Island professor who tracks the state’s economy says the last three months of 2013 were disappointing.
URI economics professor Leonard Lardaro, author of a monthly index on the Rhode Island economy, says the fourth quarter of 2013 wasn’t horrible, but wasn’t great either. Lardaro said Rhode Island is making slow progress but is still struggling to emerge from the grasp of one of the worst economic downturns in American history. A continuing problem, he said, is a shortage of skilled labor.
Rhode Island’s economy ended the second quarter on a positive note, according to the latest Current Conditions Index. The index is a monthly rating of the state’s economy based on a dozen key indicators.