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NEBRASKA WORKFORCE

TRENDSTRENDSSEPTEMBER 2020 ISSUE | NEBRASKA DEPARTMENT OF LABOR

Inside this issueEconomic Region Profile: Panhandle

Fast Facts: Nebraska's Metro Areas

2

Photo by Brandon Mowinkel from Unsplash

Contents

3 Openings & Expansions

10 Fast Facts: Nebraska's Metro Areas

12 Economic Indicators

4 Economic Region Profile: Panhandle Helpful LinksLabor Market Publications

Previous Issues

NEworks.nebraska.gov

Reader Feedback Survey

CreditsCommissionerJohn H. Albin

Research AnalystsLenora CastilloKermit SpadeRachel Stevens

Research SupervisorBrandon Jones

Editors Rachel StevensGrace Johnson Scott Hunzeker

Graphic Designer Hillary Lee

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

Finance, Insurance, Real Estate, & Rental/Leasing

Exp Reality, LLC (Expansion)State Farm (Opening)

BeatriceNorfolk

Food Services Tacos La Laguna (Opening) Sidney

Health Care & Social Assistance Bluffs Physical Therapy (Expansion) Scottsbluff

ManufacturingBehlen Manufacturing Co (Expansion)Prime Metal Products, Inc. (Expansion)

ColumbusGering

Other ServicesDiaz Bros Barbershop (Expansion)

Ruffcuts Dog & Cat Grooming (Opening)BeatriceNorfolk

Wholesale & Retail TradeChapparal Boot (Expansion)

Brand New Items and Coffee Shop (Expansion)Frost Giant Fitness (Opening)

ScottsbluffSidneySidney

Openings & Expansions JulyKermit Spade, Research Analyst

Photo by Jalen Hueser from Unsplash

SEPTEMBER 2020

TABLE OF CONTENTS 3

The Nebraska Panhandle economic region borders Wyoming to the west, South Dakota to the north, and Colorado to the south. The region includes 11 Nebraska counties: Banner, Box Butte, Cheyenne, Dawes, Deuel, Garden, Kimball, Morrill, Scottsbluff, Sheridan, and Sioux.

In 2018, the Panhandle economic region had a population of 85,550. This was about 4.5% of Nebraska’s total population (1,904,760) during that year.

A majority of the population in the region came from Scotts Bluff County, which contained 42.9% of the total population, followed by Box Butte at 13.0%. Banner County (0.9%) and Sioux County (1.4%) had the smallest population in the county.

As of 2018, there were eight cities/towns in the Panhandle economic region with populations over 1,000, according to the U.S. Census Bureau. The two largest cities were in Scotts Bluff County: the city of Scottsbluff with 14,695 and Gering with 8,203. The two smallest were Gordon (1,505) in Sheridan County and Bayard (1,100) in Morrill County. The only county with no major cities or towns was Banner County.

Between 2010 and 2018, the total population of the Panhandle region declined by 2.4%, while Nebraska as a whole grew by 5.9%.

Economic Region Profile: PanhandleLenora Castillo, Research Analyst

Sioux

ScottsBluff

Banner

Kimball

Dawes

BoxButte

Morrill

Cheyenne

Sheridan

Garden

Deuel

Panhandle Region

Photo by Thomas Fields from Unsplash

4

TABLE OF CONTENTS 5

SEPTEMBER 2020

Age & SexAs of 2018 data, the majority (59.6%) of residents of the Panhandle economic region were ages 45 or older, while statewide the majority (60.3%) were ages 44 and under. There were considerably more men (55.7%) than women (44.3%) in the Panhandle region, in contrast to the pattern seen throughout Nebraska, where the population was 50.1% female and 49.9% male.

Race & EthnicityThe population breakdown by race and ethnicity in the Panhandle region was similar to Nebraska as a whole, with the greatest share of residents in both areas reporting their race as white alone, followed by Hispanic or Latino (of any race)*, and then black or African American alone.

11.5%

Female Male

11.7%

12.5%12.1%

24.0%11.3%

7.5%9.4%

> 20

20 - 44

45 - 64

65 +

Panhandle Region

14.2%

16.7%

12.3%

6.7%

13.4%

16.0%

12.4%

8.3%

> 20

20 - 44

45 - 64

65 +

NE Statewide

Female Male

Panhandle Region & NE Statewide Population by Sex & Age Group, 2018

Source: U.S. Census Bureau, American Community Survey, 2018 5-Year Estimates.

Panhandle Region Demographics

78.6%

11.2%

4.8%2.6%

1.9%0.8%

NE Statewide

80.9%

13.1%

0.6%

0.5%2.4%

2.2%

Panhandle Region

White

Hispanic or Latino (of Any Race)

Black or African American

Asian

2 + Races

American Indian or Alaska Native

Source: U.S. Census Bureau, American Community Survey, 2018 5-Year Estimates.

Panhandle Region & NE Statewide Population by Race/Ethnicity, 2018

6

* U.S. Census Bureau data records Hispanic or Latino ethnicity separately from race; Individuals may report Hispanic/Latino ethnicity along with any race. Options for racial identification are limited to white, black or African American, Asian, American Indian or Alaska Native, Native Hawaiian or Other Pacific Islander, or two or more races.

In order to portray an accurate picture of the region’s demographic makeup, the charts and analysis presented in this article collapse race and ethnicity, grouping together all individuals who identified themselves as Hispanic/Latino, regardless of their reported race. Individuals who indicated that they were not Hispanic/Latino are classified solely by race.

Labor ForceIn 2018, the Panhandle Economic region made up 4.3% of Nebraska's not seasonally adjusted labor force. Since 2014, annual average labor force in the Panhandle region has dropped from 46,683 to 44,049, a decrease of 5.6%. The decline in labor force was due to combined losses in both employment and unemployment. During this same time period, the annual average labor force in Nebraska increased by 1.3%.

NE StatewidePanhandle Region

2015 2016 2017 2018 2019970,000

980,000

990,000

1,000,000

1,010,000

1,020,000

1,030,000

1,040,000

1,050,000

41,000

42,000

43,000

44,000

45,000

46,000

47,000

48,000

Annual Average Labor Force Size for Panhandle Region & NE Statewide, 2015 - 2019

Source: Nebraska Department of Labor. Local Area Unemployment Statistics Program. neworks.nebraska.gov

Panhandle Region Economy & Labor Markets

Panhandle RegionNE Statewide

Associate Degree7.0%

6.8%

6.7%5.8%

> High School Graduate

17.8%15.0%

Some College, No Degree

20.3%17.1%

High School Graduate (Incl. Equivalency)

11.0%13.6%

Bachelor's Degree

4.7%6.9%

Graduate or Professional Degree

Of the 85,550 population in the Panhandle region, the largest percent (20.3%) were high school graduates (including equivalency) and 17.8% had some college, no degree. This was also the case in Nebraska where 17.1% were high school graduates (including equivalency) followed by some college, no degree (15.0%). Only 4.7% in the Panhandle region reported having a graduate or professional degree compared to 6.9% in Nebraska.

Panhandle Region & NE Statewide Population by Educational Attainment, 2018

Source: U.S. Census Bureau, American Community Survey, 2018 5-Year Estimates.

Educational Attainment

TABLE OF CONTENTS 7

SEPTEMBER 2020

Labor Force Participation RateThe labor force participation rate, which represents the number of people in the labor force as percentage of the civilian noninstitutional population, was 51.5 in the Panhandle region compared to 53.7 for the state.

Unemployment RateBetween 2014 and 2018, the annual average unemployment rate in the Panhandle region slipped from 3.1% in 2014 to 3.0 % in 2018, a decrease of 0.1 percentage points. The average unemployment rate in Nebraska was down by 0.4 percentage points during this time period.

NE StatewidePanhandle Region

2.0%

2.5%

3.0%

3.5%

4.0%

2015 2016 2017 2018 2019

Annual Average Unemployment Rate for Panhandle Region & NE Statewide (Not Seasonally Adjusted), 2015 - 2019

Source: Nebraska Department of Labor. Local Area Unemployment Statistics Program. neworks.nebraska.gov.

Household IncomeThe 2018 median household income in the Panhandle economic region was $49,547, lower than the $61,913 in Nebraska.

Poverty RateTo determine who is in poverty, the Census Bureau releases estimates of weighted average poverty thresholds each year. These thresholds use family’s size, composition (single person household or households with related children under age 18), and total income to determine poverty. For more information on poverty thresholds go to , How the Census Bureau Measures Poverty at www.census.gov/topics/income-poverty/poverty/guidance/poverty-measures.html.

In the Panhandle economic region, 12.5% of the total 2018 population were determined to be below the poverty level, which is slightly higher than Nebraska's which had a poverty rate of 11.6%.

IndustriesIn 2018, the three industries with the highest percent of total workforce in the Panhandle economic region were Health Care and Social Assistance (17.7%), Retail Trade (13.6%), and Educational Services (10.9%). In Nebraska, the top three industries were Health Care & Social Assistance (14.8%), Retail Trade (11.0%), and Manufacturing (10.2%).

Panhandle Region

NE Statewide

Health Care & Social Assistance 17.7%14.8%

Retail Trade 13.6%11.0%

Educational Services 10.9%9.1%

Accommodation & Food Services 9.1%8.0%

Public Admin. 8.4%5.2%

Workers’ Industry of Employment for Panhandle Region & NE Statewide, 2018

Source: Nebraska Department of Labor. Quarterly Census of Employment and Wages. neworks.nebraska.gov.

8

OccupationsThe most common occupations in the Panhandle economic region were in the office and administrative support occupational group, followed by sales and related occupations, and then food preparation and serving related occupations.

Top H3 OccupationsH3 occupations are high wage, high skill, and high demand occupations. In the Panhandle economic region the top three H3 occupations were Registered Nurses with an average annual wage of $61,650 followed by Heavy and Tractor-Trailer Truck Drivers with a wage of $35,544 and General and Operations Managers with a wage of $79,486. The H3 occupations generally require some sort of training including on-the-job, apprenticeship, internship/residency, or postsecondary education.

Long-Term Industry ProjectionsThe three industries in the Panhandle economic region with the largest projected increase in jobs from 2016-2026 are Information (11.93%), Health Care and Social Assistance (9.13%), and Transportation and Warehousing (8.72%). Six industries are projected to have job decreases: Management of Companies and Enterprises (-42.16%), Wholesale Trade (-7.90%), Mining, Quarrying, and Oil and Gas Extraction (-2.86%), Finance and Insurance (-1.25%), Professional, Scientific and Technical Services (-1.24%), and Retail Trade (-1.15%).

Industry2018

Estimated Employment

2028 Projected

Employment

Total 2018 -2028

Employment Change

2018 - 2028 Annual Avg. %

Change

Total % Change

Health Care & Social Assistance 5,789 5,926 137 0.20% 2.40%

Agriculture, Forestry, & Fishing 5,549 5,773 224 0.40% 4.00%

Retail Trade 4,641 4,436 -205 -0.50% -4.40%

Educational Services (Incl. State & Local Gov.) 4,326 4,270 -56 -0.10% -1.30%

Government 4,031 4,003 -28 -0.10% -0.70%

Accommodation & Food Services 3,129 3,245 116 0.40% 3.70%

Transportation & Warehousing 2,685 2,771 86 0.30% 3.20%

Manufacturing 2,028 2,026 -2 0.00% -0.10%

Wholesale Trade 2,179 1,801 -378 -1.90% -17.30%

Admin. & Waste Services 1,463 1,547 84 0.60% 5.70%

Construction 1,452 1,508 56 0.40% 3.90%

Finance & Insurance 1,331 1,345 14 0.10% 1.10%

Other Services (Excl. Gov.) 1,104 1,092 -12 -0.10% -1.10%

Professional, Scientific, & Technical Services 765 755 -10 -0.10% -1.30%

Information 490 467 -23 -0.50% -4.70%

Utilities 304 305 1 0.00% 0.30%

Management of Companies & Enterprises 664 270 -394 -8.60% -59.30%

Arts, Entertainment, & Recreation 190 203 13 0.70% 6.80%

Real Estate & Rental & Leasing 157 164 7 0.40% 4.50%

Mining 154 157 3 0.20% 1.90%

Panhandle Region: Projected Employment Change by Industry, 2018 - 2028

Source: Nebraska Department of Labor. 2018-2028 Long-Term Industry Projections. Published July 2020.

TABLE OF CONTENTS 9

SEPTEMBER 2020

Long-Term Occupational ProjectionsEmployment in the Panhandle economic region is projected to grow by 2.00% or 929 jobs from 2016-2026. The occupation group with the largest employment increase is Computer and Mathematical occupations which is projected to increase by 10.38% followed by Healthcare Practitioners and Technical (9.46%) and Healthcare Support (9.02%) occupations. Three occupations are projected to decrease from 2016-2026: Sales and Related (-5.13%), Office and Administrative Support (-4.54%), and Protective Services (-1.55%).

Occupation Group 2018 Estimated Employment

2028 Projected Employment

Total 2018 -2028 Employment Change Total % Change

Office & Admin. Support 6,269 5,816 -453 -7.20%

Sales & Related 4,199 3,967 -232 -5.50%

Management 3,761 3,864 103 2.70%

Food Preparation & Serving Related 3,632 3,730 98 2.70%

Farming, Fishing, & Forestry 3,448 3,508 60 1.70%

Education, Training, & Library 3,011 2,972 -39 -1.30%

Transportation & Material Moving 2,761 2,787 26 0.90%

Healthcare Practitioners & Technical 2,593 2,706 113 4.40%

Production 2,066 2,065 -1 -0.10%

Installation, Maintenance, & Repair 2,054 2,053 -1 -0.10%

Construction & Extraction 1,823 1,890 67 3.70%

Business & Financial Operations 1,697 1,608 -89 -5.20%

Building & Grounds Cleaning & Maintenance 1,430 1,458 28 2.00%

Healthcare Support 1,262 1,301 39 3.10%

Personal Care & Service 1,283 1,298 15 1.20%

Community & Social Service 748 741 -7 -0.90%

Computer & Mathematical 719 668 -51 -7.10%

Protective Service 533 526 -7 -1.30%

Arts, Design, Entertainment, Sports, & Media 399 350 -49 -12.30%

Architecture & Engineering 277 277 0 0.00%

Life, Physical, & Social Science 197 204 7 3.60%

Legal 152 154 2 1.30%

Total All 44,314 43,943 -371 -0.84%

Panhandle Region: Projected Employment Change by Occupation, 2018 - 2028

Source: Nebraska Department of Labor. 2018-2028 Long-Term Occupational Projections. Published July 2020.

The Final WordOverall, population in the Panhandle economic region is decreasing and this is reflected in the decline in labor force; however, employment is projected to grow, and the region has strong agricultural activity.

Sources:American Community Survey, 2018 5-Year Estimates. Table S2301: Employment Status. [Online] data.census.gov.

Nebraska Department of Labor. 2016-2026 Long-Term Occupational Projections. [Online] 2018. neworks.nebraska.gov.

Nebraska Department of Labor. Local Area Unemployment Statistics Program. [Online] 2019. neworks.nebraska.gov.

Nebraska Department of Labor. Occupational Employment Statistics Program. [Online] 2019. neworks.nebraska.gov.

Nebraska Department of Labor. Quarterly Census of Employment and Wages. [Online] 2018. neworks.nebraska.gov.

10

Total Population, 2018 (1)Omaha MSA: 922,891Lincoln MSA: 327,221Grand Island MSA: 85,104Statewide: 1,904,760

Median Age of Population, 2018 (2)Omaha MSA: 35.5Lincoln MSA: 33.5Grand Island MSA: 37.5Statewide: 36.4

Labor Force Participation Rate for Population Ages 16+, 2018 (3)

Omaha MSA: 70.8%Lincoln MSA: 71.3%Grand Island MSA: 70.1%Statewide: 69.8%

Veteran % of Population, 2018 (4)Omaha MSA: 9.2%Lincoln MSA: 6.5%Grand Island MSA: 8.2%Statewide: 8.4%

% of Population with Income Below Poverty Level, 2018 (5)

Omaha MSA: 10.6%Lincoln MSA: 12.8%Grand Island MSA: 11.7%Statewide: 11.6%

Fast FactsKermit Spade & Rachel Stevens Research Analysts

Nebraska's Metro AreasThe Omaha Metropolitan Statistical Area (MSA) consists of Cass, Douglas, Sarpy, Saunders, and Washington Counties in Nebraska, and Harrison, Mills, and Pottawattamie Counties in Iowa.

The Lincoln Metropolitan Statistical Area (MSA) consists of consists of Lancaster and Seward Counties in Nebraska.

The Grand Island Metropolitan Statistical Area (MSA) consists of Hall, Hamilton, Howard, and Merrick Counties in Nebraska.

Harrison

Pottawattamie

MillsHoward

Merrick

Hall Hamilton LancasterSeward

Saunders

Cass

Sarpy

Douglas

Grand Island MSA

Lincoln MSA

Omaha MSA

Washington

Unemployment Rate for Population Ages 16+, 2018 Avg. (3)

Omaha MSA: 3.8%Lincoln MSA: 3.3%Grand Island MSA: 4.0%Statewide: 3.5%

Avg. Travel Time to Work (Minutes), 2018 (3)

Omaha MSA: 20.3Lincoln MSA: 19.3Grand Island MSA: 17.5Statewide: 18.6%

Median Household Income, 2018 (3)

Omaha MSA: $65,227Lincoln MSA: $58,478Grand Island MSA: $55,672Statewide: $59,116

Workers’ Median Earnings, 2018 (3)Omaha MSA: $36,449Lincoln MSA: $30,848Grand Island MSA: $31,081Statewide: $32,357

Percentage of Civilian Population Ages 18+ with a Disability, 2018 (4)

Omaha MSA: 13.6%Lincoln MSA: 13.0%Grand Island MSA: 15.5%Statewide: 14.3%

TABLE OF CONTENTS 11

SEPTEMBER 2020

Sources:1. U.S. Census Bureau. American Community Survey, 2018 5-Year Estimates. Table DP05: Demographic and Housing Estimates. [Online] data.census.gov.2. American Community Survey, 2018 5-Year Estimates. Table S0101: Age and Sex. [Online] data.census.gov.3. American Community Survey, 2018 5-Year Estimates. Table S2301: Employment Status. [Online] data.census.gov.4. American Community Survey, 2018 5-Year Estimates. Table S2101: Veteran Status. [Online] data.census.gov.5. American Community Survey, 2018 5-Year Estimates. Table S1701: Poverty Status in the Past 12 Months. [Online] data.census.gov.6. American Community Survey, 2018 5-Year Estimates. Table S1501: Educational Attainment. [Online] data.census.gov.7. American Community Survey, 2018 5-Year Estimates. Table S0801: Commuting Characteristics by Sex. [Online] data.census.gov.8. American Community Survey, 2018 5-Year Estimates. Table S1601: Language Spoken at Home. [Online] data.census.gov.9. American Community Survey, 2018 5-Year Estimates. Table S2401: Occupation by Sex. [Online] data.census.gov.

> High School GraduateSome College, No DegreeBachelor's Degree

High School Graduate (Incl. Equivalency)

Associate DegreeGraduate or Professional Degree

9.0% 23.0% 10.5% 20.8% 10.5%26.3%NE Statewide

12.6% 31.7% 24.5% 10.1% 15.2% 5.9%Grand Island MSA

6.5% 22.2% 21.6% 11.5% 24.5% 13.8%Lincoln MSA

8.6% 23.7% 22.9% 8.9% 23.6% 12.2%Omaha MSA

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

Educational Attainment for Population Ages 25+, 2018 (6)

Omaha MSA Lincoln MSA Grand Island MSA NE Statewide

37.2%29.5%

40.5%39.9%

Management, Business, Science, & Arts Occupations

16.5%16.7%17.1%

16.1%

Service Occupations

22.0%20.9%

22.4%23.4%

Sales & Office Occupations

9.9%11.0%

7.8%8.5%

Natural Resources, Construction, & Maintenance Occupations

14.4%21.9%

12.2%12.1%

Production, Transportation, & Material Moving Occupations

Workers in NE MSAs by Occupation Group, 2018 (3)

12

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: August 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: August 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 pro-gram eligibility filed by an unemployed individual following a separation from an employer. It can serve as an indica-tor of emerging labor market conditions in the area.1

Data Sources: [Retrieved: August 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.

$1,008.44United StatesCurrent 2020

$919.70NE 10-Year High(May 2020)

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

$908.54Nebraska

Current 2020

UP +4.8%

NE Vs. Last Year

DOWN -0.7%NE Vs.

Last Month

$1,200

$600

$774.25 NE 10-Year

Avg.

$3.93NE 10-Year High (May 2011)

$2.18United States Current 2020

$2.12 Nebraska

Current 2020

DOWN -18.8%

NE Vs. Last Year

UP +8.2%

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

2,979Nebraska

Current 2020

UP +371.4%

NE Vs. Last Year

DOWN -44.2%

NE Vs. Last Month

UP +406.5%

U.S. Vs. Last Year

DOWN -34%U.S. Vs.

Last Month

908,184 - United States Current 2020

TABLE OF CONTENTS 13

SEPTEMBER 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: August 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: August 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: August 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)

61.4%United States Current 2020

70.2%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)

+1.0%Midwest Region

Current 2020

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

-2.5%

5.0%

+0.7%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.

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