Survey finds KS economy recovering, but still at recession levels

Steve McIntosh
June 01, 2020 - 5:01 am
Survey finds KS economy recovering

The Creighton University Mid-America Business Conditions Index advanced to a still recessionary level in May.  The Creighton Economic Forecasting Group has conducted the monthly survey of supply managers in nine states since 1994 to produce leading economic indicators of the Mid-America economy. States included in the survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

After falling below growth neutral for March, the overall index has remained in recessionary territory for two straight months. The Business Conditions Index, which ranges between 0 and 100, increased to 43.5 from April’s 35.1, but down from March’s 46.7. Employment reading indicated that the rate of job losses slowed from April.

Ernie Goss, PhD, director of Creighton University’s Economic Forecasting Group said the Kansas Business Conditions Index for May increased to 42.8 from April’s 36.3. 

“The state’s unemployment rate (not seasonally adjusted) jumped from 2.9% in March to 11.6% in April. The state lost 130,000 jobs in this one-month covid-19 span,” said Goss.

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