ST. LOUIS (KMOX) - Some economists are predicting that the U.S. economy is heading for a hard landing, but others see hope in indicators like low unemployment and a record high for the Dow.
In Missouri, bankers say the state still in a relatively good position.
"Missouri has experienced a very strong economy during this period and our employment rate remains very low," said Jackson Hataway with the Missouri Bankers Association. "Every update we see, Missouri stay in a comfortable spot with unemployment."
Hataway says they have seen a bit of shakiness in some sectors in Missouri, but overall most of the state's numbers are pretty strong and consistent.
"From a bankers perspective, we're watching the consumer line of credit very carefully, making sure the consumer's stay up to speed based on their cash flow and status on payments on homes, cars and average consumer goods that we typically carry as debt," said Hataway.
Hataway says the state of Missouri's economy does make it very appealing to businesses.
"We see strength in commercial investment, which remains high," said Hataway. "For the last six months or so, you see stories about commercial real estate in particular being questionable. You're seeing that in more coastline metropolitan areas than it is in Missouri. As a result, corporations feel pretty good about their investment dollars here in the state. They feel pretty good about real estate purchases and holdings and are certainly are keeping up to speed."
