Regional Economic Surge Misses Missouri
ST. LOUIS, Mo. (KMOX) – Missouri’s dragging behind other states in the “Mid-America” region when it comes to economic recovery.
However as a whole, the 9-state region fared pretty well in the report for January, according to Ernie Goss, an economist at Creighton University.
North Dakota, South Dakota, Minnesota, Nebraska, and Iowa have seen the largest economic improvements in 2012.
Gross says Missouri’s “Business Condition Index” inch up from 49 to 51 last month, with 50 considered “growth-neutral”.
And while the region’s overall economic growth is improving, Goss adds “it’s still going to take us another 18 months to two years to get back to pre-recession levels for the entire region.”
For Missouri, who lost the most jobs during the recession needs to add 160-thousand jobs to reach pre-recession levels.
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