Bureau of Business Research
Date of this Version
Spring 5-22-2024
Document Type
Article
Citation
Copyright 2024 Eric Thompson, UNL Bureau of Business Research
Abstract
The Leading Economic Indicator-Nebraska rose by 0.42% in April 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, implies that the Nebraska economy will grow through the 4th quarter of 2024. There was an increase in manufacturing hours worked in April, as the state and national manufacturing industry continued to strengthen. There was also a drop in initial claims for unemployment insurance, indicating that the labor market remains strong. Lastly, business expectations remained strong in April. Respondents to the April Survey of Nebraska Business reported plans to increase sales and employment over the next six months.
Comments
Prepared by the UNL College of Business, Bureau of Business Research