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life in rural nebraska

Valley County Unemployment Drops 1.1% in April

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The Lincoln Journal Star reports good news on the unemployment front – Nebraska’s overall unemployment dipped from 4.6% in March to 4.4% in April.  Valley County clocks in at 3.2% unemployment for the month of April, an increase from April 2008 of .4%.  Not bad increases at all considering the scope of the national recession.

The kicker?  Valley County’s unemployment rate *decreased* from 4.3% to 3.2% between March 2009 and April 2009, respectively.  That resulted in a total decline in unemployment of 1.1% in one month.

The the national unemployment rate still hovers close to 9% at 8.9%.  Michigan still clocks in at tops in the nation, above 12% unemployment in April 2009.  Adding frustration to the national unemployment news is a new report that college grads are finding this job market one of the toughest in recent memory.  According the ABC News, only 19.7% of college graduates have found employment this May.

Sobering thoughts for our youngest professionals entering the job market.  One possible lesson to learn from this: I anticipate the economy is experiencing a turn-around, quite possibly faster in Nebraska than on the coasts.  That would reflect our decline in statewide unemployment along with several other indicators of Nebraska’s economic vitality we’ve seen in the past month and a half.  Include the fact our local ethanol plant should be producing fuel soon, and you have a scenario mush like we had last year at this time: a workforce shortage.

Written by Caleb

May 22, 2009 at 4:00 pm

3 Responses

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  1. Unemployment has gone down. What effect did the new grocery store have on the unemployment rate?


    May 23, 2009 at 4:11 am

  2. I’m pretty sure its had a significant impact. With general services ramping up for planting, I wouldn’t be surprised to see that as an impact as well. I would think the largest impact on this is the ramping up for the new hospital – their focus is to utilize local contractors when available.


    May 23, 2009 at 4:46 pm

  3. […] job prospects for college graduates.  If you’re a stranger to this blog, you’ll find throughout our writing the tremendous professional and personal opportunities that exist for individuals interested in […]

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