Springfield Business Journal: Signs of Hope: Statistics suggest local economy is on the brink of a rebound
The December 21 issue of Springfield Business Journal got out its crystal ball to see where the most compelling signs of hope are for the local economy in 2010. Among the keys to the whole ecomomic development picture will be a recovering housing and home building market. Matt Morrow, CEO of the Home Builders Association of Greater Springfield, was among those interviewed for the story.
Signs of Hope: Statistics suggest local economy is on the brink of a rebound
by Jennifer Muzinic – Reporter, Springfield Business Journal
Recent statistics from national entities, including the Federal Reserve and the National Retail Federation, seem to point toward a light at the end of this long recession tunnel. Local indicators suggest Springfield’s economy is on the mend, too.
“A lot of the things I look for are employment figures,” said David Mitchell, associate professor of economics and director of the Bureau of Economic Research at Missouri State University, adding that recent employment numbers in Springfield are improving.