Bureau of Business Research
Date of this Version
12-2017
Citation
Business in Nebraska, Volume 72, No. 721, December 2017
Abstract
Nebraska will fully participate in stronger U.S. economic growth. While the farming sector will continue to face challenges, farm income will rise slightly during the forecast period, and consequently, will no longer detract from Nebraska economic growth. Nebraska will match U.S. job growth, with job growth particularly strong in services, construction, and retail trade. The agricultural processing sector also will expand employment. Projected growth rates for 2018 through 2020 are presented in Table 1.
Employment will grow by 1.1% to 1.2% per year, matching the national job growth rate in 2019 and 2020. Non-farm income will grow between 3.9% and 4.0% each year. This growth is sufficient to exceed inflation and population growth, implying growth
Included in
Growth and Development Commons, Labor Economics Commons, Macroeconomics Commons, Other Economics Commons, Political Economy Commons, Public Economics Commons, Regional Economics Commons
Comments
Copyright 2018 University of Nebraska, Bureau of Business Research