CONTACT:
Laura Strimple, (402) 580-9495
Gov. Pillen: Elite Ranking in Economic Momentum Report is No Surprise
LINCOLN, NE – The latest economic momentum report highlights why Nebraska is open for business. Nebraska’s economic vitality is in the top tier of states, placing 5th in the Index of State Economic Momentum.
“Our elite ranking is no surprise,” said Governor Jim Pillen. “We have fought for a historically conservative budget, improved our state tax code and bolstered the business climate in our state. Nebraskans keep more of their hard-earned money and have seen higher personal income growth than anywhere else in the country”
Once again, the Index puts Nebraska in the top ten, based on its placement in three metric areas: employment growth, personal income growth, and population growth. Nebraska leads the nation with the highest rate of personal income growth.
Published quarterly by State Policy Reports through Federal Funds Information for States (FFIS), the Index indicates which states are performing well and outpacing the national average.
Below are the categories and rankings for Nebraska:
Economic Momentum Growth, 5th
Personal Income Growth, 1st
Population Growth, 18th
Unemployment Rate, 6th
Labor Force Growth, 19th
National employment growth remains modest, with overall employment increasing just 0.5%. Nebraska improved in this ranking up to 35th, with an increase of 0.2%. The state’s unemployment rate remained one of the lowest in the nation (6th) at 2.9%.
“Our state is strong, people are finding great careers and we have the momentum,” said Gov. Pillen. “The Good Life is open for business and opportunities abound here.”
