Employment numbers climbing
New survey results show that interstate commerce companies in Iowa may be recovering from the recession.
The Iowa City Area Development Group released its results from a survey, conducted during the second quarter of 2010, of seventy-two companies.
The results show that 760 of the 1,370 jobs lost during 2008-09 have been recovered, resulting in a 6 percent increase in employment from last year to this year.
The companies also expect to collectively create 1,100 new jobs in the near future.
"Ninety-one percent of the companies we interviewed anticipate adding new products or services in the next two years," said Joe Raso, the group's president, in a press release.
Almost 70 percent of the companies that were surveyed also reported their sales had increased over last year. This is a 16 percent increase from last year's survey.
"We haven't been immune from the global recession," Raso said. "But our area has shown remarkable resilience."
— by Max Freund
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