A Personal Finance Guide

Columbus Economic Outlook for 2012 Looks Good

It’s REALLY hard to find good economic news these days.  That’s why I decided to post this news clip as soon as I read it.  Yes I know almost all my readers don’t live in columus but if things are good there I suspect there going to be good in other parts of the country too.  Give it a quick read and you’ll see what I mean:

Thanks to a relatively healthy private sector, the Columbus economy in 2012 will continue to outperform state and national economies, which will be hampered by uncertainties related to the European debt crisis and domestic political gridlock.

Few geographic areas over the last two years have enjoyed as much of a job market improvement as Columbus, said Michael J. Oakes, director of IUPUC’s MBA program and senior lecturer in finance.

The Bartholomew County unemployment rate stood at 7 percent in September, down from 8.3 percent a year ear-lier and 10.1 percent in September 2009. The Columbus Metropolitan Statistical area in September had the lowest unemployment rate of all the state’s 16 MSAs, Oakes said.

The Columbus economy in 2012 will be buoyed by new jobs from Cummins, Sunright America, Nusun Solar, NTN and others, Oakes said.

“We’ve got lots of things happening,” he said. “The outlook for Columbus is pretty good.”

Oakes and three Indiana University professors presented economic forecasts Friday at the Columbus Learning Center as part of the Economic Outlook Breakfast, co-hosted by IUPUC and Columbus Area Chamber of Commerce.

 

See the Original Story here