Economists say next downturn won’t be as bad for R.I.

KEEPING TABS: Leonard Lardaro, University of Rhode Island economics professor, says indictors for Rhode Island are looking grim, but he doesn’t foresee a coming downturn as severe as the previous one to hit the state. / PBN PHOTO/MIKE SKORSKI
KEEPING TABS: Leonard Lardaro, University of Rhode Island economics professor, says indictors for Rhode Island are looking grim, but he doesn’t foresee a coming downturn as severe as the previous one to hit the state. / PBN PHOTO/MIKE SKORSKI
Rhode Island has cranes in the sky, unemployment below 4%, new companies such as Infosys Ltd. and new jobs have arrived in its capital city. What could go wrong? The national economy, of course. As the U.S. economy goes, so goes Rhode Island, and nothing has insulated the Ocean State from being dragged into a…

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1 COMMENT

  1. Why do people listen to this Ladaro guy? He is purely political. His opinions are rarely grounded in sound economics. He says don’t pay attention to the low RI unemployment rate. Instead pay attention to our Participation rate which is 64.4%. He leaves out the fact that this is significantly better than the national average which is currently at 63.2%.