This installment of the Mountain Monitor sheds light on a variegated and ambiguous quarter. Those looking for assurances to either start investing or retrench for a double-dip cannot find clear signals in these data.
Employment overall was up ever so slightly in the region, but private sector employment was slightly down. The evident job gains were driven by federal hiring—most likely for the Census Bureau’s temporary stimulus: the decennial census. GMP growth was much stronger in the region and decent nationally, partly on the strength of merchandise exports and manufacturing.