Economic Forecasting Board sees continued growth in Nebraska economy

Jul 12, 2013

LINCOLN, Neb. (AP) — State economic forecasters expect steady economic and job growth across most of the state industries through 2015.

The Nebraska Business Forecast Council said in its long-range report issued Friday that it foresees total job growth of 1.3 percent by the end of 2013, rising to 1.5 percent in 2014 and 1.6 percent in 2015. The council's February report contained the same forecast.

The council says farm incomes will continue descending from 2011's record levels.

Farm incomes are forecast to hit $5.2 billion in 2013 — a 3.7 percent decline from 2012 — then drop to $5 billion in 2014 and remain at $5 billion in 2015.

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