The Economy Project
2:10 pm
Wed February 10, 2010

Local and State Leaders Optimistic Nebraska's Economy is Recovering

Omaha, NE – Local and state leaders are optimistic that Nebraska's economy is rebounding.

Nebraska's unemployment rate was 4.7 percent in December, according to the Bureau of Labor Statistics. That's the second lowest unemployment rate in the nation. Governor Dave Heineman says fiscal responsibility is key to a strong economy. He says Nebraskans follow a simple principle: if you don't have the money, don't spend it.

Omaha's unemployment rate held nearly steady in November at 5.2 percent the most recent month figures are available. Mayor Jim Suttle says while Omaha is on the path to recovery, the city needs strong partnerships with business, education, and industry in order to improve.

Nebraska still faces financial challenges. A report released Wednesday shows tax revenues are still slightly below projections. Last November, lawmakers cut $335 million from the state budget during a special session.