2. Businesses Remain Optimistic
U.S. dollar slowly becoming
more competitive
Wholesale prices at highest
level since last June
Exports began increasing in
April
3. Regional Economic Outlook
Manufacturers in region shed jobs even as the overall regional economy
adds jobs
– Creighton University Mid-American States Survey*
Tight labor supplies and slow labor force growth constricting
employment gains
– 9th
District Federal Reserve Business Survey**
Respondents identified finding workers as their #1 challenge
- 9th District Federal Reserve Business Survey
*States included in survey: AR, IA, KS, MN, MO, NE, ND, OK, SD
** States included in survey: MI, MN, MT, ND, SD, WI
4. Lowest Unemployment Rates in U.S.
Rank State Unemployment Rate
1 South Dakota 2.5%
2 New Hampshire 2.6%
3 Colorado 2.9%
4 Nebraska 3%
5 Hawaii 3.1%
5 North Dakota 3.1%
7 Vermont 3.3%
8 Maine 3.4%
9 Utah 3.5%
10 Minnesota 3.7%
11 Idaho 3.8%
11 Iowa 3.8%
Bureau of Labor Statistics, March 2016
5. Highest Labor Force Participation in U.S.
Rank State and area Labor Force Participation Rate
1 North Dakota 71.0%
2 Minnesota 70.2 %
3 District of Columbia 70.1%
4 Nebraska 70.1%
5 Iowa 69.9%
6 South Dakota 69.4%
7 New Hampshire 68.4%
8 Utah 68.1%
9 Wisconsin 68.0%
10 Kansas 67.9%
Bureau of Labor Statistics, March 2016