State forecasters said Friday they are expecting modest economic and employment growth across Nebraska this year.
Farm incomes are expected to recede from their recent all-time highs as well as a slow down for non-farm income growth.
In its latest long-range report, the Nebraska Business
Forecast Council said it anticipates Nebraska's total job growth to be 1.3
percent by the end of 2013 and then tick up -- by 1.5 percent -- in 2014.
The council is expecting weather conditions and unease regarding national fiscal policy to limit economic growth in Nebraska.
associate professor of economics and director of the Bureau for Business
Research at the University of Nebraska-Lincoln College of Business Administration said, "We continue to
anticipate moderate economic growth in Nebraska in 2013 overall, with the pace
of growth accelerating late in the year and in 2014."
The report added that all major areas of the Nebraska services industry are
expected to add employment in the next two years: Health care employment is
expected to grow by 2 percent and 2.5 percent in 2013 and 2014, respectively.
Similar rates are expected in the hospitality industry. The overall services
industry is expected to grow by 2 percent this year and 2.3 percent next year
-- an estimated 8,600 jobs this year alone.