Nebraska’s economy is showing signs of growth, according to a recent report from the University of Nebraska-Lincoln. The leading economic indicator for the state increased by 0.26% in May, indicating that economic activity is forecasted to continue growing for the second half of the year.
Economist Eric Thompson, Director of the Bureau of Business Research and professor of economics, pointed out that four out of the six components that make up the indicator showed improvements in May. These include business expectations, building permits for single-family homes, airline passenger counts, and initial claims for unemployment insurance.
Thompson noted that Nebraska’s manufacturing hours worked increased in May, likely due to strong demand for food products. Additionally, business expectations were positive among survey respondents, with plans to increase sales and employment over the next six months. There was also a slight increase in airline passenger counts during the month.
For more information on this topic and a technical report on the indicators used in this study, readers can access it online at [insert link].
