Bureau of Business Research
Date of this Version
Spring 2-2019
Citation
Business in Nebraska, Volume 73, No. 723, February 2019
Abstract
Nebraska will record solid economic growth during the forecast period but will lag U.S. growth. Nebraska’s large farming sector is struggling and will not contribute much to economic growth during the forecast period. Job growth also will be sluggish in transportation and retail trade. Job growth, however, will be stronger in the services, finance, manufacturing and construction. Projected growth rates for 2019 to 2021 are presented in Table 1.
Employment will grow by 0.7% to 0.9% per year, below the national rate. Nonfarm income will grow between 4.4% and 4.5% each year. This growth readily exceeds inflation and population growth, implying growth in real per capita income in Nebraska from 2019 through 2021. Improved income growth reflects expectations for faster hourly wage growth.
Included in
Growth and Development Commons, Labor Economics Commons, Macroeconomics Commons, Public Economics Commons, Regional Economics Commons
Comments
Copyright 2019 University of Nebraska, Bureau of Business Research