Modest economic growth forecast in 2013 for Nebraska
LINCOLN, Neb. (AP) — State forecasters are predicting modest economic and employment growth in Nebraska this year, and a pullback in farm incomes from their all-time highs.
The Nebraska Business Forecast Council released its latest long-range report on Friday. The council reports that many sectors of the state economy are primed for solid progress in 2014. The council is also predicting accelerated job and income growth for Nebraska workers beginning next year.
The council says it anticipates total job growth of 1.3 percent by the end of 2013, followed by a 1.5 percent uptick next year.
Eric Thompson, director of the University of Nebraska-Lincoln's Bureau for Business Research, predicts that weather conditions and fiscal uncertainty at the national level will limit Nebraska's economic growth this year.
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