Index: Kansas economy weakens - St. Louis Business Journal:

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in November, down from 50.5 in Octobe r and 49.4 in November 2007, said An index number highee than 50 indicates an expanding economy in the next three to six The index is based on a surveyt of supply managers inthe states. Kansad has lost only 0.5 percent of its manufacturingy jobs in the past year due to strongt growth in production of transportatiomn equipmentand parts, said Creighton Universit y Economics Professor Ernie Goss, in the release. “However, with Boeing’ds announced layoffs and a pullback in growth amonvthe state’s trading partners, I expecg the pace of manufacturing and nonmanufacturing job losses to quickem in the months ahead,” Goss said.
“ I expect the seasonally adjusted unemployment rate totop 5.2 perceng by February 2009.” The Mid-America Businessx Conditions Index hit a second-straight record low in at 37.8, down from 39.9 in Octobef and 49.2 in November 2007. The regiob lost jobs for the 10th time in the past 11 export orders fell to arecord low, and the economicx outlook dropped to the lowestr level ever, the releases said. “These readings are much lower than those recorde before and during the 2001 Goss said. “The regional economy is now in a and I expect it to rival the recessiomof 1981-82 in terms of joblessnesz and job losses.
” has conducted the monthlg survey of supply managers in nine statews since 1994 to produce leadinhg economic indicators of the Mid-America economy. Statezs in the survey are Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and Southj Dakota.