A couple of news items released yesterday paint Kansas City’s economy in a good light. First, the Federal Reserve Bank released its July Beige Book which provides regional overviews of the US economy. The Kansas City region, which stretches from Missouri west to New Mexico, Colorado and Wyoming was said to be showing “signs of stabilization”. Kansas City was one of 4 districts (overall there are 12 Fed Districts) in this category. As a sign of these economic times, stabilization was the rosiest description handed out by the Fed. Other districts were still described as “slow”, “subdued”, or “weak”.
The other piece of good news also involves the word stable. Kansas City’s unemployment rate climbed up to 8.7 percent June from 8.6 percent in May. Stable is good when you consider some of our peer metros saw significant increases between May and June.
This news, coupled with our previous post regarding steady improvements to the local housing market point to a region that may have the worst of the recession in its rearview mirror.
The other piece of good news also involves the word stable. Kansas City’s unemployment rate climbed up to 8.7 percent June from 8.6 percent in May. Stable is good when you consider some of our peer metros saw significant increases between May and June.
This news, coupled with our previous post regarding steady improvements to the local housing market point to a region that may have the worst of the recession in its rearview mirror.
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