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Q1 2011 Nebraska WorkForce Index Table and Graph |
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WFI Update:
OMAHA, Neb., May 6 – The Nebraska WorkForce Index (WFI), which compares labor availability to job availability in Nebraska, showed a slight slip backwards in the first quarter of 2011, increasing from 1.52 to 1.66. The closer the index value is to 1.0, the closer Nebraska is to full employment. Unemployment also rose from 4.1% in Q4 2010 to 4.67% in Q1 2011. While the number of employed Nebraskans during this quarter also increased by just under 500, this increase was not nearly enough to offset the more than 6,200 new workers entering the workforce in the first quarter, pushing the WFI further away from 1.0. The number of jobs posted during this period increased slightly. Historically, the WFI peaks in the first quarter and decreases throughout the year, suggesting that recovery may be ahead as we move into Quarter 2 and beyond.
AIM’s job trend data shows increases in most job sectors. While the seasonal increases in Agriculture (26.4%); Architecture and Construction (14.7%) and Hospitality and Tourism (26.4%) were expected, the expansions in Human Services (30.5%) and Finance and Insurance (28.1%) were a welcome surprise. Other sectors that posted increases were: Arts, A/V Tech and Communication (14.7%); Business and Administration (10.3%); Scientific Research/Engineering (4.1%); and Transportation, Distribution and Logistics (2.9%). Sectors that continued to decline slowed their descent and are indicating reversal next quarter.
The following industries saw job postings increase from the fourth quarter of 2010:
• Human Services 30.5%
• Finance and Insurance 28.1%
• Agriculture, Food, and Natural Resources 26.4%*
• Architecture & Construction 15.9%
• Arts, A/V Technology and Communication 14.7%*
• Business and Administration 10.3%
• Hospitality & Tourism 8.4%
• Scientific Research/Engineering 4.1%
• Transportation, Distribution, and Logistics 2.9%
The following industries saw job postings decrease from the fourth quarter of 2010:
• Education and Training -0.5%
• Manufacturing -3.2%
• Marketing Sales and Service -5.9%
• Law and Public Safety -5.9%*
• Health Science -7.1%
• Information Technology -13.4%
• Government and Public Administration -32.0%*
* These sectors will appear more volatile because the number of jobs posted in it is considerably lower than in other sectors possibly inflating the significance of the change.
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