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New Study Shows Promising Economic Growth in the Fourstates - KOAM TV 7

New Study Shows Promising Economic Growth in the Fourstates

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NEOSHO, MISSOURI -

It's a good time to live in the Fourstates.
"We're seeing a lot of interest in new businesses coming here, and so it's all looking good"
Laura Lyerla, the executive director of the Neosho Area Chamber of Commerce isn't shocked the survey by the Creighton Economic Forecasting Group says business conditions in the Midwest are at the best it's been in 14 years.
"We're seeing lots of indicators of how good the economy is here. We've got employers that are investing, expanding warehouse space. Expanding their operations. So they're looking to hire people"
Their business conditions index ranges from zero to 100. 
If the index is at 50, it means the economy isn't growing or shrinking, 
May was the 18th straight month the index has been growing by ringing in a score of 67.3,  the highest it's been in 14 years.
The survey was based on business factors like whole sale prices, confidence the economy for months to come, and employment. Which has been looking good in Newton County. The Neosho Area Chamber of Commerce estimates the unemployment rate in the area is at 3. 4 percent, which has gone down in recent years.
"We've got a lot of employers hiring, so it makes it a more competitive workplace. People are able to get paid more. Our employers have to pay a little more to get the best help. So it's kind of a good environment for all involved"

 The survey covers all four of the Fourstates, along with Iowa, Minnesota, Nebraska and North and South Dakota.

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