OMAHA LABOR AREA SUMMARY by grv10042

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									                                                                                             OMAHA LABOR AREA
                                                                                                     SUMMARY
                                                                                                                      December 2009
                                                                                                                       www.dol.nebraska.gov/

                                     1
    Labor Force Employment by Place of Residence:
                                                                                                                  2
         Omaha MSA (not seasonally adjusted)                                     Work Force Employment by Place of Work
          •   December unemployment rate: 5.0%                                    (not seasonally adjusted):
          •   Change (OTM): 0.3%                                                       Omaha MSA, Non-farm employment estimates
          •   Change (OTY): 0.9%                                                          were 456,169 December 2009; 4,320 less jobs
         Revisions to November Preliminary Data:                                         than last month and 15,761 less than in December
          •   Unemployment Rate: +0.4%                                                    2008.
          •   Labor Force: -1,732                                                      Manufacturing      industries employed 32,832
          •   Unemployment: 1,399                                                         workers; 296 less people than last month and 761
          •   Employment: -5,183                                                          less than in December 2008.
         Omaha MSA, Nebr. part (not seasonally adjusted):                             Omaha MSA, Average weekly hours worked in
          •   Unemployment rate: 4.9%                                                     manufacturing industries were 42.9, an increase
          •   Labor Force: 385,453                                                        of 0.8 hours since November, and an increase of
          •   Unemployment: 18,870                                                        1.1 hours since December 2008. Average weekly
          •   Employment: 366,583                                                         earnings increased by $12.14 since November to
         City of Omaha (not seasonally adjusted):                                        $719.00, and have risen by $2.55 since December
          •   Unemployment rate: 4.7                                                      2008.
          •   Labor Force: 228,707                                                     Average hourly earnings in manufacturing
          •   Unemployment: 10,794                                                        industries of $16.76 were $0.03 lower than in
          •   Employment: 217,913                                                         November and $0.38 less than in December 2008.

                                                                            1



                                                                   Omaha MSA
                                                                Unemployment Rate
                                                              (not seasonally adjusted)
                                                                     2001-2009

                       7.0
                       6.0                                                                  December 2009: 5.0%

                       5.0
                       4.0
                       3.0
                       2.0
                       1.0
                       0.0
                             2001    2002      2003       2004       2005         2006      2007      2008     2009
                        Source of Business Cycles: National Bureau of Economic Research                       Recession



                                                              1                    3
                                    Labor Force Estimates – Omaha MSA (Not Seasonally Adjusted)
                                    Preliminary         Revised                                      Changes Since                 % Change
                                                                                       4
                                      Dec-09            Nov-09                  Dec-08             OTM          OTY                  OTM
    Unemployment Rate                       5.0               4.7                     4.1             0.3           0.9                   ---

    Labor Force                          449,624          451,676                455,897            -2,052            -6,273                -0.5
        Unemployment                      22,313           21,018                 18,802             1,295             3,511                 6.2
        Employment                       427,311          430,658                437,095            -3,347            -9,784                -0.8

1
  Source: Local Unemployment Statistics Program (LAUS), Nebraska Department of Labor and US Department of Labor, Bureau of Labor Statistics
2
  Source: Current Employment Statistics (CES), Nebraska Department of labor, US Department of Labor, Bureau of Labor Statistics
3
  Omaha MSA includes Cass, Douglas, Sarpy, Saunders and Washington counties in Nebraska and Pottawattamie, Mills and Harrison counties in Iowa
4
  Benchmarked in 2008

								
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