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Beef processing plant with 750 jobs planned in SW Iowa
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Beef plant planned in southwest Iowa
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Beef processing plant with 750 jobs planned in SW Iowa
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Iowaâs rural economy expands in May as hiring increases
BY MICHAEL CRUMB, Senior Staff Writer Tuesday, May 25, 2021 10:39 AM Iowa’s rural economy improved in May behind solid job gains, according to a survey of rural Main Street bankers released Thursday.
Creighton University’s Rural Main Street Index for Iowa jumped more than 10 points to 79.9 in May, up from 69.8 in April. It was buoyed in part by gains in the new-hiring index, which increased to 68.4, up nearly 5 points since April. Despite those gains, Iowa’s rural nonfarm employment remains 2.9%, or about 19,000 jobs, below pre-pandemic levels, the report showed.
According to bankers who were surveyed, despite improvements in May, the continued lag in hiring below pre-COVID-19 levels was restraining growth.
Iowaâs rural economy dips in April behind weakened hiring
BY BUSINESS RECORD STAFF Monday, April 19, 2021 10:57 AM Iowa’s rural economy weakened slightly in April, but remained well into growth territory, according to a monthly survey of rural bankers.
Creighton University’s Rural Mainstreet Index for Iowa dipped to 69.8 in April, down from 71.6 in March. The decline was in part because nonfarm employment remained more than 27,000 jobs, or about 4.2%, below pre-COVID-19 levels, the report showed.
As a result, Iowa’s new hiring index fell more than 9 points to 63.5, from 72.7 in March, the report showed.
Overall, the index for the 10-state region that is included in the survey slipped to 69 from a record high of 71.9 in March. The index ranges from zero to 100, with 50 indicating neutral growth.