Nebraska’s employment set another record high of 1,042,762 in May. This is the 11th straight month of record employment in the state. Nebraska’s unemployment rate also remains the lowest in the nation, and in state history, at 1.9 percent.
The growth has contributed to another month of strong State General Fund tax receipts. In May, receipts were over $52 million above forecast. May’s tax receipts put Nebraska on track to have over $1.8 billion in its cash reserve at the end of fiscal year 2023.
“Nebraskans have an unmatched work ethic, which is reflected in our nation-leading labor numbers,” says Governor Pete Ricketts. “My administration is committed to making it easy to do business in Nebraska, and communities throughout the state have done great work to attract investment. We’re seeing the fruits of these efforts with impressive growth in the Good Life. Our strong momentum will enable us to build on the historic tax relief of 2022 with even more tax cuts in 2023.”