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Economic Outlook: February 7, 2020

Feb 7, 2020  | Ep4525

U.S. Farmers began receiving the third tranche of MFP 2.0 payments this week. The federal government has joined farmers in saying “trade not aid” but is making the payments to help offset losses from the U.S/China trade war.

In the month leading up to the announcement, the nation’s economy added to its gains. -

Last month, 225,000 jobs were created – in line with the Fed’s overall expectations.

The unemployment rate moved up 0.1 percent to 3.6 percent as more people tried to return to the workforce.

The Creighton University Mid-America Index pushed seven points above growth neutral with help from the USMCA and Phase 1 trade deals. However, the survey was conducted before the coronavirus began putting pressure on the regional economy.

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