Office of Governor Ricketts

Media Contacts:  

Alex Reuss, 402-471-1970

Justin Pinkerman, 402-471-1967

Media Launch:

Nebraska’s Employment at All-Time Excessive, Income Receipts Exceed Projections

LINCOLN – Right this moment, Nebraska’s March employment information and March Basic Fund receipts have been launched.  Nebraska’s employment reached an all-time excessive in March 2022 of 1,037,823.  Moreover, Nebraska’s unemployment charge stays the bottom within the nation, and in state historical past, at 2.0 %.  This progress contributed to the State’s March Basic Fund tax receipts, which have been $140 million above forecast—that’s over 50 % greater than what was anticipated.  

Collectively, these studies present that Nebraska’s economic system continues to see sturdy progress.

“Nebraskans roll up their sleeves and get the job completed,” stated Gov. Ricketts.  “Nebraskans’ willpower to develop our communities has resulted in State revenues far exceeding projections over the previous 12 months.  With these stronger-than-expected revenues, we have been capable of ship historic tax reduction this legislative session.  We’re efficiently creating jobs, reducing taxes, and rising alternatives for the following technology right here in Nebraska.”

Nebraska’s Employment Statistics for March 2022 (Preliminary)

• Unemployment Fee: 2.0%
  • #1 within the nation (tied with Utah)
  • Lowest unemployment charge in Nebraska’s historical past
    • NOTE: In March 2022, the Bureau of Labor Statistics (BLS) considerably revised beforehand launched employment information for all states.  This included month-to-month unemployment charges, which the BLS had initially reported as being below 2% in Nebraska for a lot of prior months.
• Labor Power Participation: 69.8%
• Employment-to-Inhabitants Ratio: 68.5%