2015 Economic Outlook

Page 1

2015

ECONOMIC OUTLOOK

GREATER OMAHA TRENDS All figures represent the Greater Omaha Metropolitan Statistical Area (MSA)

EMPLOYMENT* (000s)

1995

2000

2005

2010

2011

2012

2013

Total Non-Farm Employment

392.2

441.6

449.8

459.1

463.6

469.6

475.7

Private Employment

336.6

386.3

389.9

393.8

398.1

404.6

410.8

Mining. Logging and Construction

17.5

23.2

25.7

20.9

20.1

21.1

22.8

Manufacturing

34.6

35.7

32.9

31.2

31.2

31.3

32.1

Trade, Transportation & Utilities

98.6

107.5

99.4

93.7

93.7

94.1

95.0

Information

12.9

15.1

13.3

11.2

11.3

11.3

11.1

Financial Activities

31.3

35.7

37.6

40.5

41.3

41.6

41.9

Professional and Business Services

49.0

59.6

61.6

63.5

65.6

67.5

69.0

Education and Health Care Service

45.2

54.5

61.2

71.6

73.1

74.7

75.0

Leisure and Hospitality

34.2

41.0

42.2

43.8

44.4

45.6

46.4

Other Services

13.4

14.2

16.1

17.5

17.3

17.5

17.5

Government

55.6

55.3

59.9

65.3

65.5

65.0

64.9

1995

2000

2005

2010

2011

2012

2013

Omaha CSA

2.8

2.8

4.3

5.2

5.0

4.4

4.3

State of Nebraska

2.6

2.8

3.9

4.7

4.4

3.9

3.9

State of Iowa

3.6

2.8

4.3

6.3

5.8

5.2

4.6

United States

5.6

4.0

5.1

9.6

8.9

8.1

7.4

1995

2000

2005

2010

2011

2012

2013

Single-Family Permits

2,526

3,393

5,487

2,072

1,960

2,064

2,623

Multi-Family Units

1,097

2,442

1,061

684

981

1,225

1,605

579

365

401

149

169

179

189

3,212

3,975

5,976

2,255

2,170

2,332

2,877

220.3

357.1

706.1

345.6

334.8

378.8

495.6

Source: U.S. Bureau of Labor Statistics Economy at a Glance

UNEMPLOYMENT RATE (%)

Source: U.S. Bureau of Labor Statistics

BUILDING PERMITS* Number of Permits/Units

Non-Residential Permits Total Permits (includes multi-family permits) Valuation of Permits ($ millions) Single-Family Multi-Family Non-Residential Total Valuation

31.3

114.7

62.4

45.5

68.7

86.6

115.8

163.7

228.1

196.0

156.5

191.9

302.9

359.3

415.3

699.9

964.5

547.6

595.4

768.2

970.6

1990

2000

2010

2012

2013 est.

projection

projection

720,291

803,201

902,041

922,084

931,666

971,742

989,412

2005

2008

2009

2010

2011

2012

2013

39,406

46,638

46,485

47,326

48,338

50,211

51,122

n.a.

1.5%

-0.3%

1.8%

2.1%

3.9%

1.8%

Source: Greater Omaha Chamber

POPULATION Omaha CSA

est.

2018

2023

Source: EMSI, Inc.

GROSS REGIONAL PRODUCT Omaha MSA (2005 $s millions) Total Real (inflation-adjusted) Output Growth Rate (%) Source: U.S. Bureau of Economic Analysis

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