Spring, and General Economic Turnaround Expected to Bring Jobs
Posted: Friday, April 2nd, 2010 at 6:46 am
For the sixth time in the past eight months, Iowa’s Business Conditions Index rose above growth neutral. The index, a leading economic indicator from a survey of supply managers, jumped to 63.5 from February’s 58.2 and January’s 52.1. Components of the overall index for March were new orders at 74.3, production or sales at 73.8, delivery lead time at 60.7, employment at 57.1, and inventories at 51.7. (Creighton University)
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Spring has sprung, and along with recreation, another outdoor activity will soon be picking up, working. University of Iowa Economist Charles Whiteman says the spring is always marked with an upswing in employment. Whiteman says seasonally adjusted labor data suggests that generally, employment is also moving in a positive direction. Whiteman says two economic indicators: one for Iowa and one for the Midwestern region, also suggest continued positive movement.
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