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NEBRASKA QUARTERLY BUSINESS CONDITIONS SURVEY

NEBRASKA QUARTERLY BUSINESS CONDITIONS SURVEY. Now Tracking Three Years of Business Conditions in Nebraska. 3rd Quarter 1996 to 3rd Quarter 1999 and Beyond. Partners. Nebraska Department of Labor Nebraska Department of Economic Development Bureau of Business Research Additional Partner

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NEBRASKA QUARTERLY BUSINESS CONDITIONS SURVEY

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  1. NEBRASKA QUARTERLY BUSINESS CONDITIONS SURVEY Now Tracking Three Years of Business Conditions in Nebraska 3rd Quarter 1996 to 3rd Quarter 1999 and Beyond

  2. Partners • Nebraska Department of Labor • Nebraska Department of Economic Development • Bureau of Business Research • Additional Partner • Greater Omaha Chamber of Commerce

  3. Major Objectives • Continuously monitor business conditions and detect early indications of emerging trends

  4. All Industries Expected and Actual Revenue Change - Statewide

  5. Major Objectives • Continuously monitor business conditions and detect early indications of emerging trends • Assess job creation and turnover by occupation and industry

  6. Full-time Job Hires 1997, 1998, and 1st and 2nd Quarters 1999* 1997 1998 1999 Annual Annual 1st Qtr 2nd Qtr Average Average New Job Hires Metro** 13,548 11,415 7,519 10,839 Nonmetro 9,595 6,642 3,707 8,340 State 23,143 18,057 11,226 19,179 Replacement Hires Metro** 18,127 22,412 20,766 22,392 Nonmetro 12,712 11,228 44,780 12,671 State 30,839 33,640 32,546 35,063 *State estimates based on Nebraska Quarterly Business Conditions Survey results since 1997 **Cass, Douglas, Lancaster, Sarpy, and Washington Counties

  7. 1998 Annual Job Turnover Rate by Industry - Per 1,000 Jobs

  8. Major Objectives • Continuously monitor business conditions and detect early indications of emerging trends • Assess job creation and turnover by occupation and industry • Track wage levels by occupation and industry

  9. New Position Hires Replacement Hires Occupation Executives/Administrators $23.17 $26.03 Managers $19.86 $18.03 Professional Specialists $16.93 $16.47 Marketing/Sales $11.85 $9.65 Administrative Support/Clerical $11.04 $9.65 Service Workers $8.69 $7.72 Transportation/Material Movers $11.57 12.89 Production/Craft/Repair $10.96 $9.44 Operators/Fabricators/Laborers $12.53 $8.53 Average Wage $12.84 $10.11

  10. Average Hourly Wages for Full-time, New Position Hires for Blue-Collar Workers, by Region for 1997 and 1998 Region 1997 1998 Metro Lincoln MSA $9.71 $9.63 Omaha MSA $12.19 $13.16 Non-metro Central $8.76 $9.68 Mid-Plains $8.26 $9.68 Northeast $8.57 $8.82 Panhandle $8.09 $7.38 Southeast $9.57 $8.16 *Blue Collar workers include Transportation & material movers;production, craft, & repair workers/ and operators, fabricators, and general laborers

  11. Major Objectives • Continuously monitor business conditions and detect early indications of emerging trends • Assess job creation and turnover by occupation and industry • Track wage levels by occupation and industry • Identify unfilled jobs by occupation and industry

  12. Source: Labor Market Information Center Professional - Executives/administrators, Managers, Professional specialists, Marketing/sales representatives, Other - Administrative Support,/clerical, Service Workers, Transportation/material movers, Production/craft/repair, Operators/fabricators/laborers

  13. Unfilled Due to Lack of Qualified Applicants New Position Hires Total Unfilled Replacement Hires Occupation Executives/Administrators 230 107 $23.17 $26.03 Managers 636 261 $19.86 $18.03 Professional Specialists 1,832 1,050 $16.93 $16.47 Marketing/Sales 1,127 636 $11.85 $9.65 Administrative Support/Clerical 1,150 322 $11.04 $9.65 Service Workers 2,024 974 $8.69 $7.72 Transportation/Material Movers 682 115 $11.57 12.89 Production/Craft/Repair 1,686 874 $10.96 $9.44 Operators/Fabricators/Laborers 2,154 1,142 $12.53 $8.53 Total 11,521 5,481 Average $12.84 $10.11

  14. State Employment and Labor Force Trends 1,050 Employment 1,025 Gap 1,000 975 Labor Force 950 925 900 875 850 825 800 1990 1995 2000 2005 Source: Nebraska Department of Labor and UNL Bureau of Business Research

  15. Community Outreach - Reports • Business In Nebraska • Job Openings Report • Employers Requesting Contact by a Local Resource

  16. Meeting Notice Nebraska Quarterly Business ConditionsCentral Region Analysis

  17. Quarterly Processing Cycle • Address Refinement • October 9, 1999 • Survey Mail-out • October 15, 1999 • Surveys Returned and Data Entered • October 22, 1999 - December 5, 1999 • Survey Return Date • November 7, 1999 • Follow-up Letters Mailed (Cover letter & Second Request Survey) • November 12, 1999 • Phone Calls to Non-respondents • November 17, 1999- November 21, 1999 • Send data to UNL-Bureau of Business Research • December 5, 1999 • Analysis published in Business In Nebraska & on Web Site • January 15, 2000

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