• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Creighton survey shows 10th drop in economic numbers

Creighton survey shows 10th drop in economic numbers

April 2, 2009 By admin

For the tenth month in a row, a survey of Iowa business leaders and supply managers shows the state’s chief economic numbers are in decline. Creighton University economist Ernie Goss says the recession started hitting Iowa last May. For the nine-state region, Goss says business conditions haven’t been this bad in 25 years.

"I think right now in the Mid-American region, we’re finding a bottom," Goss says. "We’re going to probably come off that bottom but it will be very slowly. We’ll see negative numbers well into 2009." Goss says the region gained more than 120-thousand jobs up until last October. Since then, he says the Midwest has lost.

From October of 2008 and January 2009, the region lost more than 200,000 jobs and that trend will likely continue. Goss says, "We will still see rising unemployment probably through most of this year, even while the economy is rebounding, we’re still going to see employment not rising to any great extent, in fact, we’ll probably see job losses for all of 2009." Goss says there is proof this is a global economic slowdown.

"The global economic slowdown is restraining exports," Goss says. "At the same time, imports are off significantly because of the recession in the U.S. so trade numbers were not good for the month of March, as least according to the supply managers that we survey." The good news is, Goss says we have probably seen the worse of the downturn but the region will be slow in recovering. He is still calling for improvements by the 4th quarter of 2009.

Since May, Iowa has lost about 23,000 jobs. Goss says, "Our job indices are consistent with additional jobs losses of another 15,000 in the state by the end the third quarter of this year." 

Share this:

  • Facebook
  • Twitter

Filed Under: Business

Featured Stories

Final employee who was there at the launch of the Iowa Lottery to retire

No more USPS mail in Iowa prisons; inmates to get copies of mail

State officials warn of influx of fake prescription drugs laced with fentanyl

‘Brain-eating amoeba’ discovered in Taylor County lake

Cedar Rapids therapist’s relationship with student leads to years in prison

TwitterFacebook
Tweets by RadioIowa

Northern Iowa’s Farley touts new practice facility

First minor league game gets things started tonight at Field of Dreams site

Knoxville set to host sprint car racing’s biggest event

Iowa State basketball builds on its identity

Vance provides leadership for ISU defense

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC