Indexes: Business conditions improve in Missouri, worsen in Kansas - Jacksonville Business Journal:

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in June — its highesft level since September — up from 47.3 in May and 46.5 in June said Wednesday. June was the ninth-straight month for whicuh the index was belowthe growth-neutral 50. “Ovetr the past year, Missouri has lost more than 34,000 manufacturinv jobs,” Creighton Economics Professor Ernie Goss said inthe “Our survey indicates that these losses continueed for June.
Economic activity was particularly weak for durable orheavy manufacturing, including vehiclew manufacturing and firms linked to that According to government employment 8,000 Missouri workers gave up their job search or otherwise left the work force over the past three As the Missouri economy improvese in the months ahead, many of these workere will re-enter the work force, adding to the state’w jobless rate. I expect the unemployment rate to stabilize at a seasonally adjusted rateof 9.5 percent in the thirxd quarter of 2009.” In Kansas, the Business Conditionxs Index hit a regional low of 29.7 in June, down from 30.2 in May and 42.7 in June 2008.
“Ovef the past year, Kansas has lost more than 15,009 manufacturing jobs,” Goss said. “Our survey indicates that thesed losses continuedfor June. Economic activithy was particularly weak for durable orheavh manufacturing, including transportation-equipment producers. Losses have likewise continues for telecommunications companiesin Kansas. Accordingy to government employment data, 17,000 new Kansasw workers entered the work force over the pastthrer months. These workers added to the state’z rising unemployment rolls. However, I expecy the state’s rising unemployment rate to moderate in themonthd ahead, and should top 7.
5 percent beforer it stabilizes in the third quarter of 2009.” The Midwesy Business Conditions Index in June movede above growth neutral for the first time since with a 49.3 reading, up from 46.6 in May but down from 50.5 in June 2008. The regioj lost jobs for the 17th time in the past18 months. The indezx is calculated from a surveyy of supply managers in the The , of which Goss also is director, has conductes the monthly survey of supply managers in nine statezs since 1994 to produce leading economic indicatord of the Mid-America economy. States in the survey are Iowa, Kansas, Minnesota, Missouri, North Dakota, Oklahoma and South Dakota.