However, the real danger is that the warm weather may have fooled many into thinking the economy is doing better than it is.
More Quotes from Ernie Goss:
Increases over the past two months point to solid growth into the second quarter of this year.Ernie Goss
The most recent rate increases, and a rate hike at its next meeting, in my judgment will slow growth to an unacceptably low rate for the region and the nation.
Ernie Goss
For 2006, Minnesota's big economic stories will be problems related to the continuing cutbacks in the U.S. auto industry, a turnaround for the telecommunications industry, and finally a weakening of Minnesota's construction industry. Nonetheless, our survey points to still solid growth for the first half of 2006.
Ernie Goss
The Mountain States region experienced growth significantly higher than the rest of the nation. The region added 53,000 jobs, an annual growth rate of 2.9 percent, in the first half of 2005 but added only 41,000 jobs, an annual growth rate of 2.2 percent, in the second half of the year.
Ernie Goss
Strong growth among firms in business and professional services and truck transport offset somewhat weaker reports from manufacturers for March.
Ernie Goss
The trend in economic reports from supply managers in our survey has been fairly positive since October of last year following some of the negative shipping impacts from Hurricane Katrina. Companies with strong ties to the state's growing ethanol industry reported solid growth for February but were very optimistic about future economic growth for this sector.
Ernie Goss
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