Study: Midwest economy may have bottomed out - Minneapolis / St. Paul Business Journal:

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The Mid-America Business Conditions Index, compiled by Creighton Universityin Neb., rose for the fifth month in a row in May, climbin to 46.6 from 42.7 a month before. Despite the growth in economic prospects, the 0 to 100 indexz was still belowits “growth neutral” level of 50. “While our surveu is not indicating an economic turnaround for the next threee tosix months, economic indictors are certainly improving from record lows achieved earlier this year,” said Ernir Goss, a Creighton University economics professor and directore of the university’s Economic Forecasting Group.
Goss stuck by his that the recessionnin Minnesota, Arkansas, Kansas, Missouri, Nebraska, North Oklahoma and South Dakota will end by the end of the fourtb quarter this year. Minnesota’x index results weren’t as rosy as the overall withthe state’s index slippinv to 42 in May, from 42.6 in Goss said Minnesota’s economy has lost almost 60,000p jobs in 2009 alone, and will continue to shed jobs. “Companies report delaying and even terminating constructio projects over the pastseveral months. Minnesota’s unemployment rate will continue to trend upward in the months he said.