Bureau of Business Research

 

Bureau of Business Research Publications

Authors

Date of this Version

5-22-2024

Citation

Nebraska Monthly Economic Indicators: May 22, 2024

Bureau of Business Research, University of Nebraska-Lincoln

Abstract

Nebraska Monthly Economic Indicators, May 22, 2024, Bureau of Business Research, University of Nebraska-Lincoln.

Summary

The Leading Economic Indicator-Nebraska rose by 0.42% in April 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, implies that the Nebraska economy will grow through the 4th quarter of 2024. There was an increase in manufacturing hours worked in April, as the state and national manufacturing industry continued to strengthen. There was also a drop in initial claims for unemployment insurance, indicating that the labor market remains strong. Lastly, business expectations remained strong in April. Respondents to the April Survey of Nebraska Business reported plans to increase sales and employment over the next six months.

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