To see the full press release from the White House, click here.

To see the relevant fact sheets click here.

“Rhode Island, like the rest of the United States, is emerging from the Great Recession,” he said to a collection of the state’s top budget officials Wednesday morning, describing the Ocean State’s economic problems as the “second-worst recession in Rhode Island History in terms of proportional job losses.” Only 1991 was worse.

Rhode Island’s rate of recovery, however, will be the slowest since the Great Depression, Carbacho-Burgos said, downgrading his projections of six months ago.

The news was not altogether unexpected, but suggests that state budget deficits — and pressure on lawmakers to cut programs and raise taxes — will continue to grow in the coming months.

Mr. Yamarone told his audience this morning, members of the Worcester Regional Chamber of Commerce’s Breakfast Club, he expects a recovery that, if plotted on a chart, would resemble the mathematics symbol for a square root: a sharp drop, a sharp rise and then a prolonged flat line.

The economy “falls, it rises and it comes back just barely into positive territory, where it levels off for a period of time,” he said.

A significant problem for the economy, Mr. Yamarone said, is the continuing loss of jobs.

“The more realistic view is we’re not creating jobs,” he said. “We’re still hemorrhaging jobs at a rate of 250,000 jobs a month, and the bad thing is we’re still hemorrhaging jobs 21 months into the recession.”

Mr. Yamarone told his audience this morning, members of the Worcester Regional Chamber of Commerce’s Breakfast Club, he expects a recovery that, if plotted on a chart, would resemble the mathematics symbol for a square root: a sharp drop, a sharp rise and then a prolonged flat line.

The economy “falls, it rises and it comes back just barely into positive territory, where it levels off for a period of time,” he said.

A significant problem for the economy, Mr. Yamarone said, is the continuing loss of jobs.

“The more realistic view is we’re not creating jobs,” he said. “We’re still hemorrhaging jobs at a rate of 250,000 jobs a month, and the bad thing is we’re still hemorrhaging jobs 21 months into the recession.”