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Nebraska’s Employment at All-Time High, Revenue Receipts Exceed Projections

Media Contacts:  

Alex Reuss, 402-471-1970

Justin Pinkerman, 402-471-1967

 

Media Release:

Nebraska’s Employment at All-Time High, Revenue Receipts Exceed Projections

 

LINCOLN – Today, Nebraska’s March employment data and March General Fund receipts were released.  Nebraska’s employment reached an all-time high in March 2022 of 1,037,823.  Additionally, Nebraska’s unemployment rate remains the lowest in the nation, and in state history, at 2.0 percent.  This growth contributed to the State’s March General Fund tax receipts, which were $140 million above forecast—that’s over 50 percent more than what was expected.  

 

Together, these reports show that Nebraska’s economy continues to see strong growth.

 

“Nebraskans roll up their sleeves and get the job done,” said Gov. Ricketts.  “Nebraskans’ determination to grow our communities has resulted in State revenues far exceeding projections over the past year.  With these stronger-than-expected revenues, we were able to deliver historic tax relief this legislative session.  We’re successfully creating jobs, cutting taxes, and growing opportunities for the next generation here in Nebraska.”

 

Nebraska’s Employment Statistics for March 2022 (Preliminary)

  • Unemployment Rate: 2.0%
    • #1 in the nation (tied with Utah)
    • Lowest unemployment rate in Nebraska’s history
      • NOTE: In March 2022, the Bureau of Labor Statistics (BLS) significantly revised previously released employment data for all states.  This included monthly unemployment rates, which the BLS had initially reported as being under 2% in Nebraska for many prior months.
  • Labor Force Participation: 69.8%
    • #1 in the nation
  • Employment-to-Population Ratio: 68.5%
    • #1 in the nation