NEBRASKA WORKFORCE

TRENDSTRENDSAUGUST 2020 ISSUE | NEBRASKA DEPARTMENT OF LABOR

Inside this issueResource Spotlight: The Opportunity Atlas – Making Economic Mobility Analysis Easy

Labor Availability Study Results Preview Panhandle Area Highlights

Fast Facts: Professional, Scientific, & Technical Services

2

Photo by Brandon Mowinkel from Unsplash

Contents

3 Openings & Expansions

4 Map Facts: Self-Employed Workers

14 Fast Facts: Professional, Scientific, & Technical Services

16 Economic Indicators

6Resource Spotlight: The Opportunity Atlas – Making Economic Mobility Analysis Easy

12 Labor Availability Study Results Preview Panhandle Area Highlights

Helpful LinksLabor Market Publications

Previous Issues

NEworks.nebraska.gov

Reader Feedback Survey

CreditsCommissionerJohn H. Albin

Research AnalystsScott FergusonKermit SpadeRachel Stevens

Research SupervisorBrandon Jones

Editors Rachel StevensGrace Johnson Scott Hunzeker

Graphic Designer Hillary Lee

TABLE OF CONTENTS 3

AUGUST 2020

Source: Nebraska Department of LaborOpenings and expansions listed are a sampling of activity reported for that month. Some activity may have occurred outside the month. If you have an opening or expansion to report, contact us at LMI_NE@nebraska.gov.

Business Category Business Name Location

Information Selectel Wireless (Expansion) Crete

Professional, Scientific, & Technical Services

Cal Reeves Yoga Studio (Opening)Home for Funerals Chapel (Expansion)

Open Commons (Opening)

NorfolkNorfolkSidney

Wholesale & Retail Trade

Fountain of Living Water (Opening)Mint Julep Boutique (Opening)

Sweet Treats Ice Cream Truck (Opening)Luna Bean Coffee House (Opening)

Chaparral Boots (Expansion)Brand New Items for Great Deal (Expansion)

ChadronPiercePierce

ScottsbluffScottsbluff

Sidney

Openings & Expansions JuneKermit Spade, Research Analyst

Photo by Anton Darius from Unsplash

4

According to a 2019 Gallup poll, about 84% of working adults in the United States described themselves as either “somewhat satisfied” or “completely satisfied” with their boss or immediate supervisor at work. (1) But for around one in 10 American workers, the only boss they work for is themself. In this month’s Map Facts, we will take a look at Nebraska’s self-employed workforce.

Across the state, 10.2% of working Nebraskans were self-employed in 2018, according to data from the U.S. Census Bureau’s American Community Survey. The percentage of people nationwide who worked for themselves was slightly smaller, at 9.7%. (2)

Map FactsRachel Stevens, Research Analyst

Self-Employed Workers

Source: U.S. Census Bureau. American Community Survey, 2018 5-Year Estimates. Table S2408. Data.census.gov.

Cherry26.8%

Holt18.8%

Custer22.9%

Sioux30.4%

Lincoln8.5%

Sheridan23.0%

Garden22.3%

Knox20.9%

Morrill16.8%

Keith16.8%

Dawes12.1%

Rock32.2%

Brown21.5%

Gage13.6%

16.0%Dundy

Chase27.1%

Grant26.5%

Clay15.9%

Buffalo9.6%

Otoe12.2%Frontier

17.9%

Dawson10.8%

Cedar22.7%

Kimball9.1%

York16.7%

Cheyenne9.0%

Hayes26.1%

Platte10.5%

Perkins21.2%

Arthur35.2%

Blaine23.5%

Loup42.0% Burt

15.9%

Box Butte17.5%

Banner34.1%

Boone23.9%

Polk15.6%

15.6%Furnas

Butler15.9%

Hall7.7%

Hooker31.6%

Saline9.8%

Valley20.6%

Pierce16.7%

Logan20.0%

19.6%

Thomas26.4%

Harlan16.9%Thayer

Dodge9.1%

Adams11.7%

Phelps17.2%

Greeley31.9%

Seward12.9%

McPherson36.0%

Cuming18.1%

Howard21.4%

Garfield23.6%

Fillmore17.0%

21.3%Franklin

21.5%

Wheeler25.4%

Hitchcock20.3%

Webster

Kearney16.3%

Scotts Bluff11.5%

23.1%Pawnee

Cass11.5%

Boyd

Antelope20.1%

Dixon11.4%

Lancaster7.9%

Saunders12.7%Deuel

17.9%

Nance17.5%

Keya Paha43.5%

Madison10.1%

Gosper20.3%

20.5%Nuckolls

Colfax11.8%

Merrick19.0%

Wayne10.9%

15.1%

Sherman20.4%

Red Willow19.8%

Jefferson

Hamilton14.3%

15.6%Richardson

Nemaha11.7%

Johnson18.4%

Thurston10.4%

Douglas7.8%

Dakota7.2%

Sarpy

Stanton13.8%

Washington

6.7%

12.6%

31.0%

Self-Employed % of Workers< 14.0%

14.0% – 21.4%

21.5% – 29.9%

30.0% – 39.9%

40.0% +

Self-Employed Percentage of Workers by County, 2018

TABLE OF CONTENTS 5

AUGUST 2020

The Census Bureau defines self-employment as working for one’s own “business, professional practice, or farm,” whether incorporated or unincorporated, or working without pay in a family business or farm. (3)

Of Nebraska’s 93 counties, 83 had a larger share of self-employed individuals than the nation as a whole, and 81 exceeded the statewide average. Rural counties tended to have high concentrations of self-employment, while counties with larger population centers had comparatively lower rates. (2)

Keya Paha County had the state’s highest share of self-employed workers, at 43.5%. The lowest was Sarpy County, where just 6.7% of working people were self-employed. (2)

In 78 Nebraska counties, the most common industry supersector in which people were self-employed was agriculture, forestry, fishing and hunting, and mining. At least half of individuals working in this supersector were self-employed in 58 of the state’s 93 counties. The highest concentration was found in McPherson County, where 81.5% of agriculture, forestry, fishing and hunting, and mining workers were self-employed. Throughout the United States, in contrast, just 24.0% of people in this supersector worked for themselves. (2)

Sources:1. Gallup. Work and Workplace. [Online] 2019. news.gallup.com/poll/1720/work-work-place.aspx.2. U.S. Census Bureau. American Community Survey, 2018 5-Year Estimates. Tables S2407 & S2408. [Online] data.census.gov.3. American Community Survey & Puerto Rico Community Survey 2018 Subject Definitions. [Online] census.gov/programs-surveys/acs/tech_docs/subject_definitions/2018_

ACSSubjectDefinitions.pdf?#.

Photo by anned from Pixabay

The Opportunity Atlas – Making Economic Mobility Analysis EasyWhich neighborhoods in America offer children the best chance to rise out of poverty? It is this question of economic mobility that the Opportunity Atlas seeks to answer. The Opportunity Atlas, created through a collaboration between the U.S. Census Bureau and researchers from Harvard and Brown Universities, uses Census data to anonymously follow 20 million Americans

from childhood into their mid-30s. (1) The data used by the Opportunity Atlas comes from a variety of sources, including the 2000 and 2010 decennial census short forms, federal income tax returns, the 2000 decennial census long form, and American Community Surveys from 2005 to 2015. (2) Combining these data sets allows the Opportunity Atlas to display the economic outcomes of adults based on where they grew up. It is the combination of these data that is displayed on the map.

Reading the MapThe data are displayed in two broad categories: outcomes and neighborhood characteristics. The default outcome is household income, and the default neighborhood characteristics are median rent and job growth rate, but there are many others to choose from. Users can narrow the outcomes data by parental income, race, and gender, or change the color scale to compare an area to a selected subgroup, the nation as a whole, or the current zoom level. The map will automatically change area types depending on the chosen zoom level; for example, when zoomed out, data is displayed at the MSA/MC geography level. By zooming in, the MSAs and MCs can be split into counties. Zooming in further splits the counties into census tracts. (3)

Resource SpotlightKermit Spade, Research Analyst

Photo by Naassom Azevedo on Unsplash

6

TABLE OF CONTENTS 7

AUGUST 2020

In the examples to the left, average annual household income in a randomly chosen census tract in the Omaha area is displayed using each of the Opportunity Atlas’s available color scale options. In the “Everyone” image, the selected census tract and others in its vicinity are depicted in dark red, indicating that these areas have a lower average household income than the nationwide average. In the “Selected Group” image, the tract is compared to only low-income parents across the nation, causing it to fade to a lighter shade of orange. In the “On Screen” image, the tract is now more yellow, and closer to the middle of the scale. This is because the tract is being compared only to other tracts currently displayed on the screen—those in its immediate vicinity. In all three examples, the household income for the selected tract remains the same, at $32,000. The color changes because the scale changes based on the chosen parameters for comparison.

Color Scale Example: Avg. Annual Household Income in Tract 31055003500, South Central Omaha

Everyone

Selected Group

On Screen

8

OutcomesDepending on the geographical level chosen, there are up to 24 different economic outcomes that can be explored through the Opportunity Atlas. Not all outcomes will be available at all geographical or demographic levels. Available outcome measures include:

These outcome measures are listed on the left side of the map. Next to each one is a small i with a circle around it. Hovering on this symbol will bring up a definition of the outcome selected.

It is important to note that the outcomes attributed to a geography are not for people living in that geography currently, but rather for people who grew up in that geography, regardless of where they live now. However, outcome measures can be selected to depict only people who remained in the same commuting zone or census tract as adults as they lived in during childhood.

• Household Income• Incarceration Rate• Teenage Birth Rate (women only)• Individual Income (excluding spouse)• Fraction Married• Spouse's Income• Employment Rate• High School Graduation Rate• College Graduation Rate• Hours Worked per Week• Hourly Wage• Fraction in Top 20% based on Household Income

• Fraction in Top 1% based on Household Income• Fraction in Top 20% based on Individual Income• Fraction in Top 1% based on Individual Income• % Staying in same commuting zone as adults• % Staying in same tract as adults• Household Income (stayed in commuting zone)• Individual Income (stayed in commuting zone)• Household Income for U.S. Natives• Household Income for Immigrants• Individual Income for U.S. Natives• Individual Income for Immigrants• Number of Children

Photo by Wes Hicks on Unsplash

TABLE OF CONTENTS 9

AUGUST 2020

In the images to the left, the focus is on the “% Staying in Same Commuting Zone as Adults” outcome by county. In the “On Screen” filtered image, the number of counties with high and low percentages of adults staying in the same commuting zone are about equal, but some distinction can be observed between urban and rural counties. When applying a high income filter in the “Selected Group” image, the urban-rural divide becomes much more pronounced. This is also true when removing all filters and instead comparing Nebraska counties to the nation as a whole, as shown in the “Everyone” image.

The Opportunity Atlas also provides the ability to overlay your own data on to the map, and allows users to download a map image or the raw data driving the visualization.

Selected Group

Everyone

On Screen

Neighborhood CharacteristicsIn addition to showing various economic outcomes experienced by people based on where they grew up, the Opportunity Atlas can also provide information about the various characteristics of those neighborhoods. The data displayed in the neighborhood characteristics section offer a more recent snapshot of the demography of an area. The neighborhood characteristics available to show on the map are:

• Median Rent 2012-16• Job Growth Rate from 2004 to 2013• Median Household Income of Residents in 2012-16• Median Household Income of Residents in 1990• Poverty Rate in 2012-16• Fraction College Graduates in 2012-16• Fraction Non-White in 2012-16

• Foreign -Born Share in 2012-16• Fraction Single Parents in 2012-16• Population Density in 2010• Density of Jobs in 2013• Fraction with Short Work Commutes in 2012-16• Census Response Rate (Social Capital Proxy)

Looking at poverty rates as an example, it becomes clear how useful the various zoom levels can be. The poverty rate for the Lincoln, NE MSA is listed as 14%. This means that 14% of all residents had incomes below the federal poverty level in 2012-2016. Compared to the nation as a whole, the Lincoln MSA appears to have a slightly lower poverty rate, while other areas of Nebraska are even lower. As the map zooms in, a more detailed picture begins to emerge. With the MSA broken down into its component counties, pockets of higher-than-average poverty rates begin to appear. Zooming in further on Lancaster County, the map is now broken down into individual census tracts, and pockets of poverty are again discernible, this time primarily in north and central Lincoln.

US Poverty Rate

NE Poverty Rate Lancaster County Poverty Rate

10

TABLE OF CONTENTS 11

AUGUST 2020

The Final WordThe Opportunity Atlas is a robust tool that allows easy comparisons of a single outcome or neighborhood characteristic across multiple geographic areas, or of multiple outcomes and neighborhood characteristics in a single area. A user guide, FAQ section, and methodology documents are also readily available on the bottom-left of the page. Considering the large number of variables available in both the outcomes and neighborhood characteristics categories, this short article could never do the Opportunity Atlas justice. There is a wealth of fascinating information available. These data may be useful to policymakers and economic developers in targeting programs towards areas with historically low levels of economic opportunity, families to compare neighborhoods when considering a move, or anyone interested in questions of economic opportunity.

The Opportunity Atlas can be accessed from its U.S. Census Bureau page or at opportunityatlas.org.

Sources:1. Census Bureau, Harvard University, and Brown University. The Opportunity Atlas. [Online] https://www.opportunityatlas.org/.2. Census Bureau, Harvard University and Brown University. Constructing the Opportunity Atlas: Methodology. The Opportunity Atlas. [Online] https://opportunityinsights.org/

wp-content/uploads/2018/10/Atlas_methods.pdf.3. Constructing the Opportunity Atlas: Frequently Asked Questions. The Opportunity Atlas. [Online] https://opportunityinsights.org/policy/frequently-asked-questions/.

12

Labor Availability Report Key Findings

64,699 Individuals age 18 or older in the survey area

22,765 Potential job seekers age 18 and older

5,462 Potential job seekers actively searching for work

40.30% Potential job seekers with a bachelor’s degree

Alliance

Scottsbluff

Chadron

Survey Area

The Labor Availability Study is a questionnaire-based research project aimed at helping workers and businesses make more informed decisions about the workforce and job market in local areas. Panhandle businesses and households were surveyed prior to the pandemic.

Check out the reports on labor availability, business hiring and training needs, and skill gaps on the Labor Market Information Publications page at: NEworks.nebraska.gov

Employment Status of Potential Job Seekers

85.7%

5.0%

4.7%

4.6%

0% 20% 40% 60% 80% 100%

Potential Job Seekers

Employed Unemployed Retired Homemaker

Top 5 Advanced Reported Skills of Potential Job Seekers

87.0%

83.8%

74.1%

71.8%

70.6%

10.9%

14.6%

24.3%

24.8%

27.7%

2.1%

1.6%

1.6%

3.3%

1.6% 0.1%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Work ethic

Ability to work independently

Willingness to learn

Ability to pay attention to detail

Ability to work as a team

Advanced Intermediate Basic None

Labor Availability Study Results Preview

Panhandle Area Highlights

AUGUST 2020

Top 5 Reasons for Difficulty Finding Workers

84.1%

71.2%

69.4%

64.2%

45.4%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

Not enough applicants

Poor work history

Lack occupation-specific skills

Lack of work experience

Wage demands too high

Major Expansion: Issueswith Labor Availability

51.2%

36.6%

12.2%

0%

10%

20%

30%

40%

50%

60%

Yes Maybe No

Over the next decade the number of job openings in the Panhandle area is expected to match the number of available new workers with a modest gap for architects and engineers, health care practitioners, construction workers, transportation and material movers, and most service occupations. State and local entities should continue programs to interest young people in careers in nursing, welding, and trucking degree or certificate programs.”

— Eric Thompson Director, Bureau of Business Research University of Nebraska-Lincoln

Skills Gap Report

TABLE OF CONTENTS 13

14

Fast FactsRachel Stevens, Research Analyst

Professional, Scientific, & Technical ServicesAccording to the North American Industry Classification System (NAICS), the professional, scientific, and technical services sector “comprises establishments that specialize in performing professional, scientific, and technical activities for others,” defined as “establishments engaged in processes where human capital is the major input.” The sector’s “distinguishing feature” is “that most of the industries grouped in it have production processes that are almost wholly dependent on worker skills. In most of these industries, equipment and materials are not of major importance, unlike health care, for example, where "high tech" machines and materials are important collaborating inputs to labor skills in the production of health care. Thus, the establishments classified in this subsector sell expertise.”

The major activities performed by establishments in this sector include: “legal advice and representation; accounting, bookkeeping, and payroll services; architectural, engineering, and specialized design services; computer services; consulting services; research services; advertising services; photographic services; translation and interpretation services; veterinary services; and other professional, scientific, and technical services.” (1)

Number of individuals employed in Nebraska’s professional, scientific, and technical services sector in the fourth quarter of 2019. (2)

45,532

Percentage of Nebraska’s professional, scientific, and technical services workers who held a bachelor’s degree or higher as of Q4 2019. (2)

35.9%

Total firms operating in Nebraska’s professional, scientific, and technical services sector in 2018. (3)

4,679

48.4%Women’s share of statewide professional, scientific, and technical services employment in Q4 2019. (2)

$6,437Average monthly earnings for professional, scientific, and technical services workers in Nebraska in Q4 2019. (2)

13.1%Share of professional, scientific, and technical services firms in Nebraska that were owned wholly or partially by veterans as of 2017. (4)

* The professional and business services supersector is an aggregate category that includes three industry sectors: professional, scientific, and technical services; management of companies and enterprises; and administrative and support and waste management and remediation services. This grouping is used when more specific sector-level data are unavailable.

TABLE OF CONTENTS 15

AUGUST 2020

Sources:1. U.S. Office of Management and Budget. North American Industry Classification System. [Online] 2017. census.gov/eos/www/naics/2017NAICS/2017_NAICS_Manual.pdf.2. U.S. Census Bureau. QWI Explorer Application. [Online] qwiexplorer.ces.census.gov/static/explore.html.3. Annual Economic Surveys: County Business Patterns by Legal Form of Organization and Employment Size Class for U.S., States, and Selected Geographies: 2018 . Table CB1800CBP.

[Online] data.census.gov.4. Annual Economic Surveys: Statistics for Employer Firms by Industry, Sex, Ethnicity, Race, and Veteran Status for the U.S., States, Metro Areas, Counties, and Places: 2017. Table

AB1700CSA01. [Online] data.census.gov.5. American Community Survey, 2018 5-Year Estimates. Tables B08126 & S2407. [Online] data.census.gov.6. Nebraska Department of Labor. Long-Term Industry Projections: 2018-2028. [Online] July 2020. neworks.nebraska.gov/gsipub/index.asp?docid=439.

Percentage of workers in Nebraska’s professional and business services supersector who worked from home in 2018. (5)

7.9%

Share of professional and business services workers statewide who were self-employed as of 2018. (5)

15.7%

Projected number of new jobs expected to be created in Nebraska’s professional, technical, and scientific services sector from 2018 to 2028. This constitutes a projected 11.4% increase in overall employment within the sector during this 10-year period. (6)

5,107

2,532Number of accountants and auditors employed in Nebraska’s professional, technical, and scientific services sector in 2018. This was the most common occupation within the sector. (6)

Management, Business, Science, & Arts Occupations

51.9%

Service Occupations18.6% Sales & Office

Occupations21.4%

Natural Resources, Construction, &

Maintenance Occupations

2.1%

Production, Transportation, & Material Moving

Occupations6.0%

Employment in NE Professional & Business Services Supersector by Occupation Group, 2018

Source: U.S. Census Bureau. American Community Survey, 2018 5-Year Estimates. Table S2407. Data.census.gov.

Image by Steve Buissinne from Pixabay

16

Gas Prices Avg. Retail Price per Gallon

(Regular-Grade Unleaded Gasoline)

This figure represents the average price consumers paid at the pump for a gallon of regular-grade, unleaded gasoline during the specified timeframe. The main components affecting the retail price of gasoline are crude oil prices; costs and profits associated with refining, distribution, and market-ing; fluctuations in supply and demand; and federal, state, and local taxes.3

Data Sources: [Retrieved: July 2020.]NE- Nebraska Energy Office. Average Monthly Retail Motor Gasoline Prices in Nebraska. Regular Unleaded.http://www.neo.ne.gov/statshtml/97.htm#regular_unleaded.U.S.- U.S. Energy Information Administration. U.S. Regular All Formulations Retail Gasoline Prices.https://www.eia.gov/dnav/pet/PET_PRI_GND_A_EPMR_PTE_DPGAL_M.htm.

Avg. Weekly EarningsAll Private Employees

Not Seasonally Adjusted

Average weekly earnings represents the mean pay received by workers for services performed over the course of one week.2

Data Sources: [Retrieved: July 2020.]NE- U.S. Bureau of Labor Statistics. State and Area Employment, Hours, & Earnings. Average Weekly Earnings of All Employees, In Dollars. Nebraska (Statewide): Total Private, Not Seasonally Adjusted. Series ID SMU31000000500000011. https://data.bls.gov/PDQWeb/sm.U.S.- U.S. Bureau of Labor Statistics. Employment, Hours, & Earnings from the Current Employment Statistics Survey (National). Average Weekly Earnings of All Employees: Total Private, Not Seasonally Adjusted. Series ID CES0500000011. https://data.bls.gov/PDQWeb/ce.

Initial Unemployment Claims

Monthly Avg. Number of Claims per Week

An initial claim is a request for determination of UI program eligibility filed by an unemployed individual following a separation from an employer. It can serve as an indicator of emerging labor market conditions in the area.1

Data Sources: [Retrieved: July 2020.]NE- U.S. Employment & Training Administration. Initial Claims in Nebraska (NEICLAIMS). Retrieved from Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/series/NEICLAIMS.U.S.- U.S. Employment & Training Administration. Initial Claims (ICNSA). Retrieved from Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/series/ICNSA.

$1,007.90United StatesCurrent 2020

$919.70NE 10-Year High(May 2020)

$700.06NE 10-Year Low (Jun. 2012)

$912.94Nebraska

Current 2020

UP +3.8%

NE Vs. Last Year

DOWN -0.7%NE Vs.

Last Month

$1,200

$600

$772.64 NE 10-Year

Avg.

$3.93NE 10-Year High (May 2011)

$2.08United States Current 2020

$1.96Nebraska

Current 2020

DOWN -25.2%

NE Vs. Last Year

UP +13.3%

NE Vs. Last Month

$0

$5.00

$2.83NE 10-Year

Avg.

$1.68NE 10-Year Low (Feb. 2016)

Economic Indicators Kermit Spade, Research Analyst

15,946 NE 10-Year High (Apr. 2020)

430NE 10-Year Low (Sept. 2019)

16,000

0

4,544Nebraska

Current 2020

UP +476.6%

NE Vs. Last Year

DOWN -23.0%

NE Vs. Last Month

TABLE OF CONTENTS 17

AUGUST 2020

Labor Force Participation Rate

Seasonally Adjusted

The labor force is comprised of all persons age 16 and over in the civilian, noninstitu-tional population who are either employed or unemployed but available for work and actively seeking employment. It excludes people doing unpaid homemaking or volunteer work, retired people, and people who are not employed and not actively seeking work. The labor force participation rate measures the labor force as a percentage of the total civilian, noninstitutional population, age 16 and over.1

Data Sources: [Retrieved: July 2020.]NE- U.S. Bureau of Labor Statistics. Labor Force Participation Rate for Nebraska (LBSSA31). Retrieved from Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/series/LBSSA3.U.S.- U.S. Bureau of Labor Statistics. Civilian Labor Force Participation Rate (CIVPART). Retrieved from Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/series/CIVPART.

Housing Prices4-Quarter % ChangeSeasonally Adjusted

The housing price index (HPI) measures the movement of single-family house prices, based on purchases involving conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. “Four-quarter” change is relative to the same quarter one year earlier. HPI data are often considered useful for estimating housing affordability and projecting future changes in mortgage default rates.5

Data Source: [Retrieved: July 2020.]Federal Housing Finance Agency. Housing Price Index Datasets. Quarterly Data: Purchase-Only Indexes.https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qpo

Data Sources: [Retrieved: July 2020.]NE- U.S. Bureau of Labor Statistics. Consumer Price Index for All Urban Consumers: All Items in Midwest(CUUR0200SA0). Retrieved from Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/series/CUUR0200SA0#0.U.S.- U.S. Bureau of Labor Statistics. Consumer Price Index for All Urban Consumers: All Items(CPIAUCNS). Retrieved from Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/series/CPIAUCNS.

Consumer Price Index12-Month % Change

Not Seasonally Adjusted

The consumer price index (CPI) is a measure of the average change over time in the prices paid by consumers for goods and services. It is used to determine the real purchasing power of con-sumers’ dollars, and as a measure of inflation.6

UP +1.7%NE Vs.

Last Year

UP +2.5%

NE Vs. Last Month

69.1%NE 10-Year Low (Mar. 2017)

61.5%United States Current 2020

71.0%Nebraska

Current 2020

50%

80%

70.4%NE 10-Year

Avg.72.0%NE 10-Year High (Jun. 2012)

Economic Indicators Kermit Spade, Research Analyst

+3.9%Midwest 10-Year High (Sept. 2011)

-1.1%Midwest 10-Year Low (Apr. 2015)

+0.4%Midwest Region

Current 2020

All Urban Consumers: All Items Index 1982–1984 = 100

-2.5%

5.0%

+0.6%United States Current 2020

+1.5%Midwest Region 10-Year Avg.

+8.3%NE 10-Year High (Q1 2018)

+5.7%United States Current 2020

-3.3%NE 10-Year Low (Q4 2010)

+6.6%Nebraska

Current 2020

FHFA Purchase-Only Housing Price Index

-10%

10%

3.7%NE 10-Year Avg.

Nebraska Department of LaborLabor Market Information

PHONE 800-876-1377EMAIL lmi_ne@nebraska.gov

Nebraska Workforce Trends is published by the Nebraska Department of Labor in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.

Equal Opportunity Employer/Program. TDD: 1.800.833.7352Auxiliary aids and services are available upon request to individuals with disabilities.

This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.

Labor market information is updated continuously. For the latest data, contact us at 800-876-1377 or email lmi_ne@nebraska.gov.