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Utah economy

Nebraska just recorded lowest unemployment rate since 1976

Coastal climates and views of palm trees have made California and Florida major retirement destinations. But for those looking for work, one Midwestern state outperforms the rest.

Nebraska’s unemployment rate fell to 1.9% in October, less than half the national rate of 4.6%. In fact, Cornhusker state just had the lowest unemployment rate since 1976, according to US Department of Labor statistics.

A growing state

As the state’s economy is running at full speed, there are three times as many job openings in Nebraska as there are unemployed people looking for work – the highest ratio in the country, according to ZipRecruiter .

Several factors have helped the state stay well below the national unemployment average since the start of the pandemic:

  • Important industries like agriculture and food processing (remember, they don’t just grow corn there, they peel it) were deemed essential, so government-imposed business closures in Nebraska were limited.
  • The state also produces a large number of high school graduates, which translates into a smaller pool of unemployed people, according to Eric Thompson, professor of economics at the University of Nebraska-Lincoln.

Governor Pete Ricketts called the record unemployment figure “a sign of our strong job growth, successful re-employment services and extraordinary economic resilience,” adding: “Nebraska offers many good career opportunities. paid for anyone looking to enjoy the good life! “

Found a job: The labor shortage in the United States is a lingering force driving unemployment down in many states as companies scramble to raise wages and benefits to attract talent. Utah, Idaho, South Dakota and Oklahoma all recorded unemployment rates below 3% in October. It seems the only Cornhusker who is going through a rough patch these days is U-of-N coach Scott Frost.

Tags : united states
Mary Cashion

The author Mary Cashion