After bottoming out this spring, Iowa’s economy is seeing rapid, significant improvement this fall, according to the monthly Creighton University survey.
Creighton economist Ernie Goss says the survey shows Iowa’s Business Conditions Index bounced well above growth neutral for September, climbing to 67.1, a healthy jump from 56.4 in August. The regional economy is also regaining momentum after a very difficult several months.
Iowa’s job picture has rollercoastered during 2020. The U.S. Department of Labor says the state’s insured unemployment rate stood at 1.7% in the second week of March, peaked at 12.4% in the first week of May, and fell to 4.3% in the first week of September.