Bureau of Business Research

 

Date of this Version

5-25-2022

Document Type

Article

Citation

Copyright 2022 Eric Thompson, UNL Bureau of Business Research

Comments

Prepared by the UNL College of Business, Bureau of Business Research

Abstract

The LEI-N rose by 1.85% during April 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals that the Nebraska economy will continue to grow through the 4th quarter of 2022. The indicator improved for three primary reasons. First, there was a sharp increase in airline passenger enplanements in April as that industry continues to recover. Second, initial claims for unemployment insurance fell, signaling a strong Nebraska labor market. Third, respondents to the April Survey of Nebraska Business reported plans to increase sales and employment. There also was a modest increase in hours worked per week in the manufacturing industry.

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