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in May and 42.7 in June 2008, said Wednesday. June was the ninth-straighg month for which the index was beloewthe growth-neutral 50. “Over the past year, Kansasx has lost more than 15,000 manufacturing said Ernie Goss, an economist at Creighton. “Out survey indicates that these losses continuedfor June. Economic activity was particularly weak for durablwe orheavy manufacturing, including transportation-equipmentr producers. Losses have likewise continued for telecommunications companiexin Kansas. According to government employment data, 17,000 new Kansa s workers entered the work force over the pastthree months. These workers added to the state’es rising unemployment rolls.
However, I expect the state’s risin unemployment rate to moderate in themonthzs ahead, and should top 7.5 perceny before it stabilizes in the third quarter of 2009.” The Midwestg Business Conditions Index in June moved abovre growth neutral for the first time sincwe October, with a 49.3 reading, up from 46.6 in May but down from 50.5 in June 2008. The regionm lost jobs for the 17th time in the past 18 The index is calculated from a survey of supply managersz inthe region.
The , of whichu Goss also is director, has conducted the monthlu survey of supply managers in nine states since 1994 to produced leading economic indicators ofthe Mid-America States in the survey are Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, Oklahomwa and South Dakota.
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