The economic picture could be worse, but also a whole lot brighter.
Creighton University Economist Ernie Goss says for the most part the economy is a bit stagnant. He says Nebraska’s economy will likely grow a bit better than the national average but both will continue to “muddle along”. He says this is due to uncertainty surrounding the Federal Reserve and in Washington in general.
Goss says one big economic problem is the lack of consumer purchasing power. He says wage growth is between one and two-percent and not keeping up with inflation at the gas pump or the grocery store.
Goss is also worried about employment and health care reform. He says employers will likely take action to protect their investments and that means decreasing the amount of hours worked each week for some employees so they do not qualify for company health care benefits.