Lincoln’s unemployment rate is even lower at 1.1%. In October, when the rate was 1.3%, Lincoln had the third lowest rate among all metropolitan areas in the country.
Having such a low unemployment rate is largely a good thing, indicating that virtually anyone who wants a job can get one, but this time it turns out to be a problem thanks to a roaring economy and a labor force. reduced work.
Nebraska had about 17,000 fewer unemployed people in November than in November 2020. However, it also had slightly fewer workers overall, indicating that if the unemployed find jobs, others drop out altogether. active.
To illustrate how bad things are, consider this: In November, Nebraska’s labor force participation rate was 68.4%. It was tied for second in the country, which sounds good, doesn’t it? But the state’s rate is near its lowest level in 30 years.
This is probably why a recent study by the Pew Charitable Trusts found that Nebraska has the greatest shortage of workers in the country based on the jobs available to the unemployed, with a ratio of 3 open jobs to 1 unemployed.
Many politicians and some economists have blamed people’s reluctance to re-enter the workforce on stimulus payments and increased unemployment benefits. But those ended several months ago, and Nebraska’s participation rate has not budged, with November’s rate being the same as in August.