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Regional Economic Digest
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| Regional Economic Update By Creg Shaffer The Tenth District economy grew at a healthy pace in the fourth quarter of 1994. Incomes improved and strong job growth pushed the unemployment rate lower. The district's manufacturing sector remained strong, energy activity picked up, and the farm economy improved. Construction, however, slowed considerably. Back to top Regional Economic Digest home
Agricultural credit conditions in the Tenth Federal Reserve District strengthened during the fourth quarter of 1994. A survey of 318 agricultural bankers shows improvement in the district farm economy with solid gains in farmland values and rising commodity prices. But an expected decline in farm incomes and weak loan repayment rates sound a note of caution in the farm outlook. Back to top Regional Economic Digest home
Most of the Tenth Federal Reserve District states experienced a brain drain, or an outmigration of highly educated people, during the last half of the 1980s. Fortunately, the recent tide of migration appears to have turned for some district states. Yet, it is still important for policymakers to understand the full impact of a brain drain on a state's economy. Highly educated people are prone to move, based on their region's economic performance relative to other parts of the country. Thus, current favorable migration trends in the district could easily be reversed. Back to top Regional Economic Digest home Economic Indicators |