The Rural Mainstreet Index put out by Creighton University climbed to its highest level since June of this year. The index had been flat or lower due to the drought during the previous three months, but with the report released last month, it rose to a solid 56.6 from September’s weak 48.3. It was the first time since June that it rose above the growth neutral 50 level.
Bankers report uncertainty surrounding healthcare reform, the elections and the fiscal cliff are all restraining employers from much new hiring.
One in four bankers expect a recession in 2013, however, the elections seem to be clouding the outlook.
