Iowa's leading indicators point to continued employment growth
Wednesday, July 02, 2014 3:01 PM
Recent changes in leading indicators tracked by the state suggest that Iowa's employment growth will continue through fall, according to a release from the Iowa Department of Revenue. The Iowa Leading Indicators Index increased to 108.9 in May from a revised 108.7 in April. Employment growth continued in May for a 44th consecutive month, with a relatively strong 0.15 percent increase. Of the eight components tracked, five were positive; the top three positive contributors in May were diesel fuel consumption, the agricultural futures profits index and average weekly manufacturing hours. The three negative contributors in May were residential building permits, the national yield spread and the new orders index.