October 21, 2014

Optimistic Economic Outlook for Nebraska

There’s more good economic news for Nebraska. UNL Bureau of Business Research Director Eric Thompson notes that their latest monthly economic survey surged according to a variety of factors. While the outlook hasn’t been consistently strong in 2014, their latest survey shows projected growth at its strongest showing since last December, with solid, moderate growth expected for the second half of the year.

“The survey was part of a three-month consecutive improvement, whereas the December indicator had been up and down in various months. This is the first time we’ve seen such strong improvement in the context of consistently positive numbers.” Thompson says.

Initial unemployment claims dropped significantly according to Thompson, while businesses as a whole predicted increased sales and jobs over the next six months. Building permits for homes also increased, while Nebraska’s exporters benefited from a decline in the value of the U.S. dollar.