Bureau of Business Research
Date of this Version
Spring 3-1-2024
Document Type
Article
Citation
Copyright 2024 Eric Thompson, UNL Bureau of Business Research
Abstract
The Leading Economic Indicator-Nebraska rose by 0.58% in January 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, suggests that the Nebraska economy will grow through mid-2024. Two components of the leading indicator improved during January. To begin with, respondents to the January Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Further, the Nebraska labor market improved. Initial claims for unemployment insurance fell during January, suggesting that employers see sufficient demand to support their current workforce.
Comments
Prepared by the UNL College of Business, Bureau of Business Research