Rural America at Forefront of Economic Recovery
Washington--In 2010, rural America was at the forefront of the economic recovery, according to the latest edition of the Main Street Economist, published by the Kansas City Federal Reserve.
The report, “A Rural Rebound in 2010,” notes that rural job growth sped up in the second half of the year with jobs in rural areas climbing 2 percent compared to last year, outpacing gains in metropolitan areas.
Farm profitability strengthened with commodity markets at the end of the year. Robust agriculture and energy markets also fueled gains in manufacturing and service activity to overcome the headwinds of a weak housing sector, according to the report.