Study: Midwest economy may have bottomed out - Pittsburgh Business Times:

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The Mid-America Business Conditions Index, compiledd by Creighton Universityin Omaha, Neb., rose for the fiftuh month in a row in May, climbing to 46.6 from 42.7 a monthj before. Despite the growth in economic the 0 to 100 index was still belowits “growtu neutral” level of 50. “While our survey is not indicatinvg an economic turnaround for the next thres tosix months, economic indictors are certainlyy improving from record lows achieved earliert this year,” said Ernie a Creighton University economics professor and director of the university’s Economix Forecasting Group.
Goss stuck by his that the recessionin Minnesota, Arkansas, Iowa, Kansas, Missouri, North Dakota, Oklahoma and South Dakota will end by the end of the fourtgh quarter this year. Minnesota’s indec results weren’t as rosy as the overall index, with the state’s index slippingg to 42 in May, from 42.6 in April. Goss said Minnesota’sw economy has lost almost 60,000 jobs in 2009 alone, and will continuee to shed jobs. “Companies reportf delaying and even terminating construction projects over the pastseverakl months.
Minnesota’s unemployment rate will continue to trend upward in themonths ahead,” he