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Panel Discussion:
Chamber Workforce
Practices
Businesses Remain Optimistic
 U.S. dollar slowly becoming
more competitive
 Wholesale prices at highest
level since last June
 Exports began increasing in
April
Regional Economic Outlook
 Manufacturers in region shed jobs even as the overall regional economy
adds jobs
– Creighton University Mid-American States Survey*
 Tight labor supplies and slow labor force growth constricting
employment gains
– 9th
District Federal Reserve Business Survey**
 Respondents identified finding workers as their #1 challenge
- 9th District Federal Reserve Business Survey
*States included in survey: AR, IA, KS, MN, MO, NE, ND, OK, SD
** States included in survey: MI, MN, MT, ND, SD, WI
Lowest Unemployment Rates in U.S.
Rank State Unemployment Rate
1 South Dakota 2.5%
2 New Hampshire 2.6%
3 Colorado 2.9%
4 Nebraska 3%
5 Hawaii 3.1%
5 North Dakota 3.1%
7 Vermont 3.3%
8 Maine 3.4%
9 Utah 3.5%
10 Minnesota 3.7%
11 Idaho 3.8%
11 Iowa 3.8%
Bureau of Labor Statistics, March 2016
Highest Labor Force Participation in U.S.
Rank State and area Labor Force Participation Rate
1 North Dakota 71.0%
2 Minnesota 70.2 %
3 District of Columbia 70.1%
4 Nebraska 70.1%
5 Iowa 69.9%
6 South Dakota 69.4%
7 New Hampshire 68.4%
8 Utah 68.1%
9 Wisconsin 68.0%
10 Kansas 67.9%
Bureau of Labor Statistics, March 2016
Job Growth Outpacing Labor Force
* Nebraska labor force projections: 2010-2020
Job Growth Outpacing Labor Force
* Nebraska labor force projections: 2010-2020

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Doug Loon MACE Conference

  • 2. Businesses Remain Optimistic  U.S. dollar slowly becoming more competitive  Wholesale prices at highest level since last June  Exports began increasing in April
  • 3. Regional Economic Outlook  Manufacturers in region shed jobs even as the overall regional economy adds jobs – Creighton University Mid-American States Survey*  Tight labor supplies and slow labor force growth constricting employment gains – 9th District Federal Reserve Business Survey**  Respondents identified finding workers as their #1 challenge - 9th District Federal Reserve Business Survey *States included in survey: AR, IA, KS, MN, MO, NE, ND, OK, SD ** States included in survey: MI, MN, MT, ND, SD, WI
  • 4. Lowest Unemployment Rates in U.S. Rank State Unemployment Rate 1 South Dakota 2.5% 2 New Hampshire 2.6% 3 Colorado 2.9% 4 Nebraska 3% 5 Hawaii 3.1% 5 North Dakota 3.1% 7 Vermont 3.3% 8 Maine 3.4% 9 Utah 3.5% 10 Minnesota 3.7% 11 Idaho 3.8% 11 Iowa 3.8% Bureau of Labor Statistics, March 2016
  • 5. Highest Labor Force Participation in U.S. Rank State and area Labor Force Participation Rate 1 North Dakota 71.0% 2 Minnesota 70.2 % 3 District of Columbia 70.1% 4 Nebraska 70.1% 5 Iowa 69.9% 6 South Dakota 69.4% 7 New Hampshire 68.4% 8 Utah 68.1% 9 Wisconsin 68.0% 10 Kansas 67.9% Bureau of Labor Statistics, March 2016
  • 6. Job Growth Outpacing Labor Force * Nebraska labor force projections: 2010-2020
  • 7. Job Growth Outpacing Labor Force * Nebraska labor force projections: 2010-2020