Date of this Version
Prepared by the UNL College of Business Administration, Department of Economics
The Leading Economic Indicator – Nebraska (LEI-N) rose by 0.16% in May 2015, marking its fifth increase in the last six months. Consistent increases in the LEI-N, which predicts economic growth in the state six months in the future, indicates that economic growth will be strong in Nebraska in the second half of 2015. Business expectations are one reason for the positive outlook. Respondents to the monthly Survey of Nebraska Business were very optimistic about employment growth over the next six months. A decline in the value of the U.S. dollar also contributed to the positive outlook. Other components of the indicator fell. There was decline in the building permits for single family homes, manufacturing hours and passenger enplanements during May. There also was an uptick in initial claims for unemployment insurance.