Nebraska’s 1.9% unemployment rate the lowest on record in US

- Advertisement -


Nebraska’s unemployment rate fell to just 1.9% last month, the lowest of any state since US data collection began in 1976.

- Advertisement -

- Advertisement -

OMAHA, Neb. – Nebraska’s unemployment rate fell to just 1.9% last month, the lowest in any state since data collection began in 1976, according to labor data released Friday.

The October rate, reported by Nebraska’s Department of Labor and Bureau of Labor Statistics, dropped the state’s unemployment rate below 2% for the first time. Spokesmen for both agencies confirmed that Nebraska’s rate is the lowest on record in the country.

- Advertisement -

Nebraska has maintained its position as the state with the lowest rate during the pandemic. Its 1.9% rate for October was slightly lower than September’s rate of 2%.

Nebraska Labor Commissioner John Albin said total non-farm employment increased by more than 30,000 since October last year. The state reported 1,031,001 jobs in October, an increase of 10,718 over the previous month.

Nebraska is already grappling with a chronic worker shortage from the pandemic, and it has pushed up wages and made it difficult for employers to expand and expand hiring. Earlier this month, the Nebraska Chamber of Commerce and Industry released a survey of its members where 92% said finding skilled workers was a top priority.

“We have a lot of manufacturers across the state who are finding it difficult to expand their operations,” Chambers President Brian Sloan said.

Nebraska and other rural states generally have lower unemployment rates than the national average for a combination of reasons, including fewer people per job, more jobs with agriculture and food production considered essential, and policies that discourage unemployment. does.

The OpenSky Policy Institute, a Nebraska-based tax policy think tank, has also argued that the unemployment rate is an incomplete picture of the state’s economic health because it does not count people who have stopped looking for work. Some of those cases involve people who retired early during the pandemic or left the workforce to care for loved ones.

In Nebraska, much of last month’s private job growth was driven by the education, health care, transportation and financial industries. The leisure and hospitality sectors have also improved in the past year after taking a big hit during the pandemic.

Unemployment rates have been even lower in the state’s two largest metropolitan areas, Omaha and Lincoln. The Omaha area’s rate was 1.7% in October, while the Lincoln area’s was 1.3%.

The national, seasonally adjusted unemployment rate was 4.6 percent in October, 0.2 percent lower than the previous month.

,

Follow Grant Schulte on Twitter: https://twitter.com/GrantSchulte

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox