Bureau of Business Research
Date of this Version
9-2000
Citation
Business in Nebraska vol. 56, no. 651
Abstract
Despite the robust national economy, Nebraska's economy has started an employment growth slowdown.1 The slowdown is the result of tight labor markets across the state and the impact of a continuing decline in the agricultural sector.
The current situation is not unusual. Past studies indicate that, with the possible exception of durables manufacturing, Nebraska's business cycle has little relation to the national business cycle. In contrast, there is a strong tie between the state's overall economic cycle and its agricultural cycle. It is not a case of agriculture dominating the state's economy, but that losses in agriculture will take critical points from the state's overall economic growth rate-part of the current malaise.
Nonfarm Employment
Nonfarm Personal Income
Farm Income
Net Taxable Retail Sales
Comments
Copyright 2000 by Bureau of Business Research, University of Nebraska.