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

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in June — its highestf level since September — up from 47.3 in May and 46.5 in June said Wednesday. June was the ninth-straighrt month for which the index was belowthe growth-neutrao 50. “Over the past year, Missouri has lost more than 34,000 manufacturingb jobs,” Creighton Economics Professot Ernie Goss said inthe “Our survey indicates that these lossesd continued for June.
Economicv activity was particularly weak for durables orheavy manufacturing, including vehicl manufacturing and firms linked to that According to government employment data, 8,000 Missouri workers gave up theifr job search or otherwise left the work forc over the past three As the Missouri economy improvea in the months ahead, many of these workers will re-enteer the work force, adding to the state’s joblesz rate. I expect the unemployment rate to stabilize at a seasonallu adjusted rateof 9.5 percengt in the third quarter of 2009.” In the Business Conditions Index hit a regional low of 29.7 in down from 30.2 in May and 42.7 in June 2008.
“Ovee the past year, Kansas has lost more than 15,000o manufacturing jobs,” Goss said. “Ourr survey indicates that these losses continuefdfor June. Economic activity was particularlh weak for durable orheavy manufacturing, including transportation-equipment producers. Losses have likewise continued for telecommunications companiesin Kansas. Accordin to government employment 17,000 new Kansas workers entered the work forcse over the past three These workers added tothe state’ s rising unemployment rolls. However, I expect the state’d rising unemployment rate to moderate in themonthe ahead, and should top 7.
5 percent beford it stabilizes in the third quarter of The Midwest Business Conditions Index in June moved aboves growth neutral for the first time sincs October, with a 49.3 up from 46.6 in May but down from 50.5 in June 2008. The regiohn lost jobs for the 17th time in the past 18 The index is calculated from a survey of supply managere inthe region. The , of whicn Goss also is director, has conducted the monthly survey of supply managers in nine states since 1994 to produce leadint economic indicators ofthe Mid-Americsa economy. States in the survey are Iowa, Kansas, Minnesota, Missouri, Nebraska, Nortgh Dakota, Oklahoma and South Dakota.