Return to Washington Examiner Homepage
May 25, 2013 | 01:46 PM
news
Washington D.C. weather
News: Business

URI economist: Economy shifted into higher gear

January 14, 2013 | Modified: January 14, 2013 at 11:45 am
Leave a comment

PROVIDENCE, R.I. (AP) — A University of Rhode Island economist says the state's economy shifted into a higher gear at the beginning of the fourth quarter last year.

Leonard Lardaro on Monday released his "Current Conditions Index," which tracks several economic indicators on a monthly basis.

He says the state's economy in October showed the strongest momentum in "quite some time" after a stop-and-go period in which faster growth was recorded one month followed by slower growth in the next.

The state's unemployment rate in November was 10.4 percent, the second highest in the country.