Creighton University’s Mid-America Business Conditions Index, a premier economic barometer for the region of states between Minnesota and Oklahoma, shows a recent slight drop. Nevertheless, it remained above neutral growth for the 20th consecutive month. Employment in the region dropped to 43.6, its weakest since June 2020, the third consecutive decline in the monthly index.
“Creighton’s monthly survey results indicate the region is adding manufacturing activity at a positive pace, but with much weaker job numbers for the month. In terms of supply chain disruptions and bottlenecks for the first half of 2022, approximately one-third of supply managers expect delays to worsen with only 12% anticipating improvements. Despite healthy growth over the past year, compared to its pre-pandemic level, U.S. Bureau of Labor Statistics employment data indicate that the region has lost 16,000 manufacturing jobs, or 1.1%,”Dr. Ernie Goss, the study director