Date of this Version
Prepared by the UNL College of Business Administration, Department of Economics
The Leading Economic Indicator – Nebraska (LEI-N) rose by 0.38% in November 2015. The increase in the LEI-N, which predicts economic growth in the state six months in the future, suggests solid economic growth in Nebraska during the 2nd quarter of 2016. There was a split among components of the LEI-N during November. There was an increase in building permits for single-family homes and airline passenger counts. There also were positive business expectations, with respondents to the Survey of Nebraska Business predicting growth in both sales and employment at their businesses over the next 6 months. However, initial claims for unemployment insurance were up during November. There also was evidence of challenges ahead for Nebraska’s export-oriented sectors. The value of the U.S. dollar resumed its increase in November, which will pressure export-oriented businesses in agriculture and manufacturing. There also was a decline in manufacturing hours during November.