Mid-American Economy

Mid-America Manufacturing Job Gains Continue

Wholesale Inflation Remains Elevated with December Rate Hike Expected

October 2026 Survey Highlights:

  • The overall index moved above growth neutral for a ninth straight month.
  • For the fifth straight month, the employment index rose above growth neutral.
    • For the nine Mid-American states, the manufacturing sector boosted job growth by 8,600 jobs over the past 12 months for a +0.6% gain, according to the U.S. Bureau of Labor Statistics.
    • Four states in the region – Iowa, Nebraska, Oklahoma and South Dakota, lost manufacturing jobs over the past 12 months, while the remaining five Mid-America states more than offset these losses.
    • Manufacturing GDP growth continues to exceed manufacturing job growth.
  • The wholesale price gauge continues to indicate elevated inflationary pressures. On average, supply managers reported:
    • Transportation costs were up by 8.2% over the past three months. 
    • Input prices are expected to grow 4.4% over the next six months.
  • Due to elevated inflationary pressures, the Federal Reserve is very likely to raise short-term interest rates at its next meetings on December 8-9.
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