A University of Nebraska-Lincoln economic index is pointing to continued growth in the state.
The leading economic indicator, a composite of factors that predict economic growth six months into the future, rose by 0.79% in April. That was the seventh consecutive monthly increase.
UNL economist Eric Thompson, director of the Bureau of Business Research, which produces the report, said business expectations were the main reason for the increase.
Respondents to the April Survey of Nebraska Business reported plans to increase both sales and employment over the next six months. Manufacturing activity also rose during April.
Three of the four other components of the indicator -- building permits for single-family homes, airport passenger enplanements and the value of the U.S. dollar -- were little changed. However, there was an increase in initial claims for unemployment insurance, even after seasonal adjustment.
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“The increase in claims suggests some softening in Nebraska’s strong labor market,†Thompson said in a news release.
To see the full report, go to the Bureau of Business Research website, .