In his November Mid-America Business Conditions Index Survey of Supply Managers, Creighton University Economist Ernie Goss, says the overall economic index has fallen below growth neutral for a sixth time this year. Manufacturers reported their greatest challenge ahead continues to be supply chain disruptions. The potential longshoremen strike in January also threatens the manufacturing economy.
Hiring remained weak in November. The U.S. manufacturing economy has lost 90,000 jobs this year, and the Mid-America Region has lost 2,000 jobs.
Goss doesn’t anticipate a rate change from the Federal Reserve in December.