Study: Midwest economy may have bottomed out - Minneapolis / St. Paul Business Journal:

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The Mid-America Business Conditions Index, compiled by Creighton Universityin Omaha, Neb., rose for the fiftbh month in a row in May, climbingv to 46.6 from 42.7 a mont h before. Despite the growth in economixc prospects, the 0 to 100 inded was still belowits “growth neutral” level of 50. “Whil our survey is not indicating an economic turnaround for the next threr tosix months, economic indictors are certainly improviny from record lows achieved earlier this said Ernie Goss, a Creightohn University economics professor and director of the university’ Economic Forecasting Group.
Goss stucjk by his that the recessionin Minnesota, Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma and Soutuh Dakota will end by the end of the fourthu quarter this year. Minnesota’s index results weren’t as rosy as the overalol index, with the state’s index slipping to 42 in May, from 42.6 in Goss said Minnesota’s economy has lost almost 60,00o jobs in 2009 alone, and will continus to shed jobs. “Companies report delaying and even terminating construction project s over the pastseveral months.
Minnesota’s unemployment rate will continue to trend upwardc in themonths ahead,” he