FOR IMMEDIATE RELEASE
February 5, 2010
Nebraska WorkForce Index for Fourth Quarter Shows an Improving Labor Market
OMAHA, Neb., Feb. 5 – The Nebraska WorkForce Index (WFI), which compares labor availability to job availability in Nebraska, improved to 1.64 in the fourth quarter of 2009, a shift less substantial than the previous quarter, but still in the right direction. The change from the prior quarter indicates that, while there are still more job seekers than available jobs, the gap continues to close. Unemployment fell from 4.9% to 4.7% in the fourth quarter, and the number of job postings declined 4.4%.
AIM’s job trend data indicates that the number of job postings for the fourth quarter decreased across all but two sectors: Health Science and Human Services. Manufacturing, which had turned around last quarter, posted a decline that wiped out all third quarter gains. Seasonal adjustments in the Hospitality and Construction sectors also mitigated third quarter gains. The declines posted in the other contracting sectors were not significant enough to counteract the increases of last quarter. Health Sciences posted a 5% increase and Human Services showed an almost 1% increase.
About the Nebraska WorkForce Index
The AIM Institute and Creighton University College of Business produce the Nebraska WorkForce Index (WFI) each quarter to reveal shifts in job availability versus labor availability. The WFI combines the AIM Institute’s employer data with unemployment data from the state’s Bureau of Labor Statistics. Index values greater than 1.0 indicate there are more job seekers than available jobs, while values less than 1.0 suggest a labor shortage. For more information, visit www.aiminstitute.org/WFI or www.creighton.edu/business/news/nebraska_workforce_index.
About the AIM Institute
The AIM Institute is a membership organization that empowers communities, organizations and individuals through information technology. We are a 501(c) (3) nonprofit consortium of local, state and regional businesses, colleges/universities, secondary schools, the Greater Omaha Chamber of Commerce and the State of Nebraska. Our signature services are Careerlink.com ®, the region’s leading career development website, and Infotec ®, the Midwest’s premier IT and business conference. For more information, visit www.aiminstitute.org.
About Creighton University College of Business
Guided by its Jesuit heritage, the Creighton University College of Business forms leaders who promote justice and use their business knowledge to improve the world. Since 1920, the college has awarded almost 10,000 degrees to students from across the nation and around the world. Dual accreditation in business and accounting education by the AACSB places the college within the top two percent of business schools in the world. Undergraduate and graduate degrees focusing on traditional business disciplines, along with special programs in bioscience management, social entrepreneurship and leadership are taught by 42 full-time faculty members. Within six months of graduation, nearly 100 percent of our students are placed in jobs or go on to start their graduate education. For more information, visit www.creighton.edu/business.
Contact Persons:
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AIM Institute
Dr. Kandace R. Miller
President & CEO
402.345.5025 x111
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Creighton University
Anthony Hendrickson
Dean, College of Business
402.280.2852
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Adam Haeder
Vice President of Information Technology
402.345.5025 x115
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Brook Matthews
Director of Marketing
402.280.2616
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