PROVIDENCE, Rhode Island — A University of Rhode Island economist says the state's economy improved in September but that it performed no better when compared to a year ago.
Prof. Leonard Lardaro said Monday his "Current Conditions Index" rose from 67 in August to 75 in September. Nine of 12 economic indicators improved overall, and several of the improvements were what he called very substantial. Lardaro tracks the indicators on a monthly basis.
But Lardaro said the bad news is that for a second straight month, and the third time in four months, the index number failed to exceed its value from a year earlier. He said this pattern can be expected to repeat during the fourth quarter of the year.
Rhode Island's unemployment rate in October was 9.2 percent, the second highest nationally.