Nebraska is looking to add even more jobs for the next three years! The Bureau of Business Research at the University of Nebraska-Lincoln reports that statewide employment is expected to rise 1.1 percent a year for the next three years.
This means that, by 2017, Nebraska will be on track to add 32,000 jobs.
Yes, it seems the economic upswing that we saw last year is going to continue for the next few years. “Though the national economy likely will fluctuate, most Nebraskans can expect modest but steady economic growth during the next three years,” University of Nebraska-Lincoln researchers said in a statement to Omaha.com.
This great news isn’t without some caveats though. For farming, which accounts for about a quarter of Nebraska’s economy, the news isn’t so good. UNL says that income for the state’s grain farmers will probably fall, and lower livestock prices will contribute to the decline. But the silver lining here is that while farming income will more than likely level off around $4.8 billion in 2016 and 2017, that’s still a huge gain from more than a decade ago.
The big gains in jobs are going to be seen in three sectors–Construction, banking and real estate:
- Construction jobs are expected to be a bright spot for Nebraska. Construction currently provides more than 45,000 jobs in Nebraska and is expected to add more than 1,000 jobs a year in each of the next three years.
- UNL also expects retail trade jobs to grow modestly. The is big news for the sector (which currently employs nearly 110,000 people in the state), since it’s been seeing a decline in jobs over the past decade as retailers began implementing more automated technologies.
- Because of the gains in the construction industry and the housing market, UNL researchers are also predicting that banking and real estate jobs will gain strength. UNL predicts that somewhere between 700 and 900 jobs will be added over the next three years.
But the best news for young people is that Nebraska’s manufacturing sector will enjoy lower fuel costs for the time being, and that should help boost domestic demand for goods and services. “The sector, which employs more than 44,000 people in manufacturing durable goods and more than 52,000 people in nondurable goods, is expected to add a few hundred more jobs each year,” says researchers.
Manufacturers are still going to be looking for more and more employees with the necessary skills to fill these new manufacturing jobs, as well as the other jobs we’ll see in the next three years. This is a huge incentive for young students in high school and college to pursue degrees that will prepare them for careers in manufacturing. Nebraska’s economy is looking more and more positive for the next three years, and we hope you are on board for the jobs in our future.