4642 Outlook

Economic Outlook: June 4, 2021

Jun 4, 2021  | Ep4642

Like last year’s hunt for a swimming pool, this year’s elusive item is the worker. ---

U.S. employers added 559,000 jobs in May according to Friday’s release by the Labor Department. The unemployment rate dropped 0.3 of a point to 5.8 percent.

However, finding someone to fill any openings has proven challenging. The speed of the economic rebound has put hiring managers in scramble mode to assist returning customers or fill orders.   

Producer sentiment dropped by those surveyed in Purdue University’s CME Group Ag Economy Barometer. The reading was down 20 points on concerns over potential tax code changes and rising input costs.

Creighton University’s Mid-America Business Conditions Index stayed above growth neutral at 72.3 -- even as labor shortages and supply bottlenecks are restraining growth. 

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