Bureau of Business Research
Bureau of Business Research Publications
Date of this Version
8-21-2024
Citation
Nebraska Monthly Economic Indicators: August 21, 2024
Bureau of Business Research, University of Nebraska-Lincoln
Abstract
Nebraska Monthly Economic Indicators: August 21, 2024, Bureau of Business Research, University of Nebraska-Lincoln.
Summary
The Leading Economic Indicator-Nebraska rose by 1.72% in July 2024. The increase in the leading indicator, designed to predict economic growth six months into the future, implies that the Nebraska economy will grow through early 2025. There was an increase in building permits for single-family homes and manufacturing hours worked in July. Business expectations were also positive. Respondents to the July Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Initial claims or unemployment insurance also dropped in July, as a sign of strength for the Nebraska labor market.