Eric Thompson, Bureau of Business Research director, says the August figure slipped just a fraction, but July and August were still the highest levels for the year.
“Consumer confidence has improved in Nebraska, but it’s still slightly negative for our economy. We’re hoping to see whether it will improve to positive in the months ahead,” Thompson tells Nebraska Radio Network affiliate KLIN in Lincoln. “In terms of businesses, businesses remain positive.”
Thompson says business expectations are positive for both sales and employment.
“More businesses expect to expand jobs, than reduce jobs over the next six months, and more businesses expect their sales to rise, than fall,” Thompson says.
Fifteen percent expect to increase hiring, while 13 percent expect to cut jobs.
Survey results show the availability of quality labor is one of the top concerns of businesses.
Thompson says lower commodity prices are keeping rural areas less positive than urban areas of the state.
The surveys are sent each month to 500 randomly selected Nebraska businesses and households. In August, 96 businesses responded to the Survey of Nebraska Business, for a response rate of 19 percent. There were 122 respondents to the Survey of Nebraska Households, for a response rate of 24 percent.
The full survey report is HERE.
Jane Monnich, KLIN-AM, contributed to this report.