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Nebraska Monthly Economic Indicators: July 3, 2024, Eric Thompson Jul 2024

Nebraska Monthly Economic Indicators: July 3, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by 0.26% in May 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 the end of 2024. There was an increase in manufacturing hours worked in May, as Nebraska continues to benefit from strong demand for food products. Business expectations remained positive. Respondents to the May Survey of Nebraska Business reported plans to increase sales and employment over the next six months.


Nebraska Monthly Economic Indicators: May 22, 2024, Eric Thompson May 2024

Nebraska Monthly Economic Indicators: May 22, 2024, Eric Thompson

Leading Economic Indicator Reports

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 …


Nebraska Monthly Economic Indicators: April 24, 2024, Eric Thompson Apr 2024

Nebraska Monthly Economic Indicators: April 24, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska fell by 1.31% in March 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, followed a very rapid 3.97% increase in February. Taken together, the February and March values continue to imply strong growth in the Nebraska economy in mid-2024. A decline in building permits for single-family homes contributed to the drop in the LEI-N during March. There also was a decline in manufacturing hours worked after a sharp February increase. On the positive side, business expectations remained strong in March. Respondents to the March Survey …


Nebraska Monthly Economic Indicators: March 27, 2024, Eric Thompson Mar 2024

Nebraska Monthly Economic Indicators: March 27, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by a very rapid 3.48% in February 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, implies that there will be strong growth in the Nebraska economy during the summer of 2024. Three components of the leading indicator improved significantly during February. There was a sharp increase in manufacturing hours worked, given the continued strong demand for food products. Business expectations also were strong. Respondents to the February Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The …


Nebraska Monthly Economic Indicators: March 1, 2024, Eric Thompson Mar 2024

Nebraska Monthly Economic Indicators: March 1, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by 0.58% in January 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, suggests that the Nebraska economy will grow through mid-2024. Two components of the leading indicator improved during January. To begin with, respondents to the January Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Further, the Nebraska labor market improved. Initial claims for unemployment insurance fell during January, suggesting that employers see sufficient demand to support their current workforce.


Nebraska Monthly Economic Indicators: January 24, 2024, Eric Thompson Jan 2024

Nebraska Monthly Economic Indicators: January 24, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by 0.26% in May 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 the end of 2024. There was an increase in manufacturing hours worked in May, as Nebraska continues to benefit from strong demand for food products. Business expectations remained positive. Respondents to the May Survey of Nebraska Business reported plans to increase sales and employment over the next six months.


How Much Nebraska Ag Land Is Owned By Foreign Entities?, Larry W. Van Tassell Nov 2023

How Much Nebraska Ag Land Is Owned By Foreign Entities?, Larry W. Van Tassell

Center for Agricultural Profitability

The Agricultural Foreign Investment Disclosure Act of 1973 (AFIDA) established a mandatory reporting system, overseen by the USDA, that requires foreign entities to provide information on all U.S. agricultural and non-agricultural land in which they hold an interest. “Interest” is reported as a fee interest (legal possession of both the surface and mineral rights), partial fee interest (must state percent ownership), life estate, trust beneficiary, purchase contract, or other. “Other” includes leases that are 10-years or longer. The regulations exempt foreign entities with interests solely in mineral rights and leases of less than 10 years in duration from reporting. In …


Usda Reports On Land Values And County-Level Cash Rent Estimates Across Nebraska In 2023, Jim Jansen, Jeff Stokes Oct 2023

Usda Reports On Land Values And County-Level Cash Rent Estimates Across Nebraska In 2023, Jim Jansen, Jeff Stokes

Center for Agricultural Profitability

Survey findings from the USDA-National Agricultural Statistics Services (USDA-NASS) estimated that Nebraska farm real estate value, including all agricultural land and buildings, in 2023 increased by 13.1% to an average of $4,240 per acre (Figure 1). The year-over-year increases mark an increase of $490 for this annual period (USDA-NASS 2023a). Kansas and New Jersey lead the nation for the highest rates of increase in the market value of farmland at 16.3% and 14.9% for market value averages of $3,060 and $17,700 per acre. Nebraska marked the fifth-highest percentage increase for rising farm real estate when ranked against the other states.


Nebraska Monthly Economic Indicators: January 27, 2023, Eric Thompson Jan 2023

Nebraska Monthly Economic Indicators: January 27, 2023, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by just 0.03% in December 2022. The leading indicator, which is designed to predict economic growth six months in the future, suggests that there will be little growth in the Nebraska economy during the first half of 2023. Three components of the leading indicator worsened in December. There was a decline in airline passenger counts on a seasonally-adjusted basis. Building permits for single-family homes also declined and there was another increase in initial claims for unemployment insurance in Nebraska. One positive component during December was the value of the U.S. dollar. The dollar declined in value which …


Nebraska Monthly Economic Indicators: January 6, 2023, Eric Thompson Jan 2023

Nebraska Monthly Economic Indicators: January 6, 2023, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by 0.16% in November 2022. The leading indicator, which is designed to predict economic growth six months in the future, has fallen in four of the last six months. Such a decline implies that the Nebraska economy will stagnate during the first half of 2023. Two components of the leading indicator worsened significantly during November. There was an increase in initial claims for unemployment insurance, signaling softening in the Nebraska labor market. There was also a drop in manufacturing hours worked during the month. It will be important to monitor whether these two trends continue since a …


Nebraska Monthly Economic Indicators: November 30, 2022, Eric Thompson Nov 2022

Nebraska Monthly Economic Indicators: November 30, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by 0.12% in October 2022. The leading indicator, which is designed to predict economic growth six months in the future, has fallen in four of the last six months. Such a decline signals a stagnant economy in Nebraska at the beginning of 2023. Four components of the leading indicator worsened during October. There was an increase in initial claims for unemployment insurance, signaling some softening of the Nebraska labor market. There was also an increase in the value of the U.S. Dollar in October. A rising dollar creates challenges for Nebraska businesses that compete in international markets. …


Nebraska Monthly Economic Indicators: October 26, 2022, Eric Thompson Oct 2022

Nebraska Monthly Economic Indicators: October 26, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.34% in September 2022, after a small decline in July and August. The leading indicator is designed to predict economic growth six months in the future. A flat value for the indicator over the last three months signals a stagnant economy in Nebraska at the end of 2022 and the beginning of 2023. Three components of the leading indicator improved during September. There was an increase in hours worked in the manufacturing industry. There was also a decline in initial claims for unemployment insurance and respondents to the September Survey of Nebraska Business reported plans to …


Nebraska Monthly Economic Indicators: September 21, 2022, Eric Thompson Sep 2022

Nebraska Monthly Economic Indicators: September 21, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N changed little in August 2022, falling by just 0.01%. The leading indicator is designed to predict economic growth six months in the future. As a result, the flat value for the indicator in August signals that economic growth in Nebraska will be slow at the beginning of 2023. Several components of the leading indicator worsened during August. First, there was a decrease in building permits for single-family homes, likely in response to rising interest rates. Second, initial claims for unemployment insurance rose during August, suggesting some softening of the state’s strong labor market. By contrast, positive business expectations …


Nebraska Monthly Economic Indicators: August 24, 2022, Eric Thompson Aug 2022

Nebraska Monthly Economic Indicators: August 24, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by 0.08% during July 2022. The decrease in the leading indicator, which is designed to predict economic activity six months in the future, signals that economic growth in Nebraska will be slow at the end of 2022 and the beginning of 2023. The indicator declined for two primary reasons. First, there was an increase in the value of the U.S. dollar in July, creating challenges for agriculture, manufacturers, and other businesses that compete in international markets. Second, there was a decline in airline passenger counts in July, likely in response to large increases in airline ticket prices. …


Nebraska Monthly Economic Indicators: August 1, 2022, Eric Thompson Aug 2022

Nebraska Monthly Economic Indicators: August 1, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.68% during June 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals that the Nebraska economy will grow slowly through the end of 2022. The indicator improved for two primary reasons. First, there was an increase in manufacturing hours-worked during June. Second, respondents to the June Survey of Nebraska Business reported plans to increase sales and employment.


Nebraska Monthly Economic Indicators: May 25, 2022, Eric Thompson May 2022

Nebraska Monthly Economic Indicators: May 25, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 1.85% during April 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals that the Nebraska economy will continue to grow through the 4th quarter of 2022. The indicator improved for three primary reasons. First, there was a sharp increase in airline passenger enplanements in April as that industry continues to recover. Second, initial claims for unemployment insurance fell, signaling a strong Nebraska labor market. Third, respondents to the April Survey of Nebraska Business reported plans to increase sales and employment. There also was a modest …


Nebraska Monthly Economic Indicators: April 20, 2022, Eric Thompson Apr 2022

Nebraska Monthly Economic Indicators: April 20, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.89% during March 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals continued economic growth in Nebraska through the 3rd quarter of 2022. The indicator improved for two primary reasons. First, initial claims for unemployment insurance fell during March suggesting continued strength in the Nebraska labor market. Second, respondents to the March Survey of Nebraska Business reported plans to increase sales and employment. By contrast, building permits for single-family homes fell during the month. There also was an increase in the value of the U.S. …


Nebraska Monthly Economic Indicators: February 23, 2022, Eric Thompson Feb 2022

Nebraska Monthly Economic Indicators: February 23, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.58% during January 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska through the summer of 2022. The indicator improved for three primary reasons. There were positive business expectations in January according to respondents to the monthly Survey of Nebraska Business. Initial claims for unemployment insurance also fell during the month as a sign of strength for the labor market. The value of the U.S. dollar also fell, which is helpful for Nebraska businesses that compete in international markets.


Nebraska Monthly Economic Indicators: February 2, 2022, Eric Thompson Feb 2022

Nebraska Monthly Economic Indicators: February 2, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.73% during December 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska through June 2022. There were positive business expectations in December and an increase in building permits for single-family homes. Initial claims for unemployment insurance also fell during the month. Among declining indicators, there was a drop in manufacturing hours worked and airline passenger counts during December.


Nebraska Monthly Economic Indicators: December 21, 2021, Eric Thompson Dec 2021

Nebraska Monthly Economic Indicators: December 21, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.96% during November 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska during the second quarter of 2022. There were positive business expectations in November and an increase in manufacturing hours-worked and building permits for single-family homes. There also was a decline in initial claims for unemployment insurance. However, there was another increase in the value of the U.S. dollar during November. A higher dollar is challenging for Nebraska businesses that compete in international markets.


Nebraska Monthly Economic Indicators: November 24, 2021, Eric Thompson Nov 2021

Nebraska Monthly Economic Indicators: November 24, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.61% during October 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska during the spring of 2022. There was an increase in building permits for single-family homes in October and positive business expectations. There also was a decline in initial claims for unemployment insurance. However, several indicator components worsened during October. Airline passenger counts and manufacturing hours worked both declined slightly. There also was a modest uptick in the value of the U.S. dollar. A higher dollar is challenging for …


Nebraska Monthly Economic Indicators: October 27, 2021, Eric Thompson Oct 2021

Nebraska Monthly Economic Indicators: October 27, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by 0.91% during September 2021. The decline in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will slow significantly in Nebraska during the first quarter of 2022. While business expectations remained solid, other components of the leading indicator worsened. Manufacturing hours worked, airline passenger counts, and building permits for single-family homes all declined. There also was an increase in initial claims for unemployment insurance during the month.


Nebraska Monthly Economic Indicators: September 22, 2021, Eric Thompson Sep 2021

Nebraska Monthly Economic Indicators: September 22, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.79% during August 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will be moderate in Nebraska during the first months of 2022. Growth will decline from the rapid increases seen during 2021. Three components of the leading indicator improved during August. Building permits for single-family homes bounced back in August after weak permit activity in July. There also was growth in manufacturing hours worked during the month. Finally, respondents to the August Survey of Nebraska Business reported plans to increase sales …


Nebraska Monthly Economic Indicators: August 25, 2021, Eric Thompson Aug 2021

Nebraska Monthly Economic Indicators: August 25, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by 0.17% during July 2021, the first decline in ten months. The decline in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will slow in Nebraska during the first months of 2022. Four components of the leading indicator worsened during July. Building permits for single-family homes declined while there was a small drop in manufacturing hours-worked. Initial claims for unemployment insurance and the value of the U.S. dollar also rose during July. A rising U.S. dollar is challenging for Nebraska businesses, which compete in international markets. …


Nebraska Monthly Economic Indicators: July 28, 2021, Eric Thompson Jul 2021

Nebraska Monthly Economic Indicators: July 28, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 1.17% during June 2021, the ninth consecutive monthly increase. Steady improvement in the leading indicator implies that economic growth will be strong in Nebraska during the second half of 2021. Three components of the leading indicator rose during June. Business expectations, airline passenger counts, and initial claims for unemployment insurance all showed improvement. Specifically, respondents to the June Survey of Nebraska Business reported plans to increase sales and employment in the state over the next six months. Airline passenger enplanements rose sharply as the industry moved closer to pre-pandemic levels of activity. Initial claims for unemployment …


Nebraska Monthly Economic Indicators: June 30, 2021, Eric Thompson Jun 2021

Nebraska Monthly Economic Indicators: June 30, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 2.33% during May 2021, the third month in a row of rapid growth and the eighth consecutive monthly increase. Rapid improvement in the leading indicator implies that economic growth will be strong in Nebraska during the second half of 2021. All six components of the leading indicator rose during May. Business expectations, manufacturing hours-worked, and airline passenger counts were the strongest components. Respondents to the May Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Manufacturing hours-worked grew rapidly while airline passenger enplanements also rose sharply as the industry …


Nebraska Monthly Economic Indicators: May 26, 2021, Eric Thompson May 2021

Nebraska Monthly Economic Indicators: May 26, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 1.96% during April 2021. The leading indicator rose due to strong business expectations, increased manufacturing activity, and growing airline passenger counts. Respondents to the April Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The value of the U.S. dollar also fell during April, improving prospects for Nebraska businesses that compete in international markets. The composite LEI-N has risen during each of the last seven months, suggesting that the Nebraska economy will expand at a robust pace through the second half of 2021.


Nebraska Monthly Economic Indicators: April 28, 2021, Eric Thompson Apr 2021

Nebraska Monthly Economic Indicators: April 28, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 1.49% during March 2021. The indicator has risen during each of the last six months, suggesting that the Nebraska economy will expand at a robust pace through the summer of 2021. In March, the leading indicator primarily rose due to strong business expectations and rising airline activity. The pace of recovery in airline passenger enplanements improved during March. In addition, March respondents to the Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Manufacturing hours worked also rose in March while there was a small decline in initial claims …


Nebraska Monthly Economic Indicators: March 31, 2021, Eric Thompson Mar 2021

Nebraska Monthly Economic Indicators: March 31, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 1.05% during February 2021. The indicator has risen during each of the last five months, suggesting that the Nebraska economy will expand solidly through the summer of 2021. In February, the leading indicator primarily rose due to increased manufacturing activity and strong business expectations. There was a large increase in manufacturing hours worked and respondents to the February Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Airline passenger counts also rose modestly, while there was a small decline in initial claims for unemployment insurance on a seasonally-adjusted basis. …


Nebraska Monthly Economic Indicators: February 24, 2021, Eric Thompson Feb 2021

Nebraska Monthly Economic Indicators: February 24, 2021, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.72% during January 2021. The indicator has risen during each of the last four months, suggesting that the Nebraska economy will expand solidly through mid- 2021. In January, the leading indicator primarily rose due to strong business expectations. Respondents to the January Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Overall, three of the six components of the leading indicator improved during January. Airline passenger counts rose modestly, while the value of the U.S. dollar fell. A weaker dollar is positive for Nebraska businesses which compete in international …