How is Nebraska doing? (Omaha, Bellevue: foreclosures, new home, job market)

[MJ1986]

I was just curious how Nebraska is doing during these economic hard-times?
Are foreclosures a problem? I imagine not...It's probably comparable to SD.
I haven't noticed too much here in Sioux Falls... A big-box retailer in a planned retail development scaled back plans, but that's about all I can think of. The construction of new homes here has slowed a bit too.

How is it down there?

[ehenningsen]

Originally Posted by MJ1986

I was just curious how Nebraska is doing during these economic hard-times?
Are foreclosures a problem? I imagine not...It's probably comparable to SD.
I haven't noticed too much here in Sioux Falls... A big-box retailer in a planned retail development scaled back plans, but that's about all I can think of. The construction of new homes here has slowed a bit too.

How is it down there?

The state as a whole is trying to fill 39,000 jobs and we are looking outside the state lines to get them filled..

Omaha has had a few job cuts as expected, however the number of new jobs far exceed the job cuts and the city still has a high percentage of job vacancies than unemployment rate..

The norther plains/western-midwestern states are still experiencing a high-flying economy.

[GraniteStater]

Originally Posted by ehenningsen

The state as a whole is trying to fill 39,000 jobs and we are looking outside the state lines to get them filled..

Omaha has had a few job cuts as expected, however the number of new jobs far exceed the job cuts and the city still has a high percentage of job vacancies than unemployment rate..

The norther plains/western-midwestern states are still experiencing a high-flying economy.

A HUGE divide exists between the economies of the Midwest and the Plains right now. In terms of unemployment rates the lowest (3.3%) is in South Dakota, while the highest (8.9%) is in Michigan.

[Go Ne]

Well, Omaha is getting a Yahoo data center, agriculture is booming and Gas prices are going down, everything's great.

[MJ1986]

Granite, I've heard about the bad conditions in Michigan.

ehenningsen, that is promising! To me especially, as I am moving to Bellevue in a few months to complete my bachelors degree. I hope I can fill one of those spots!

[GraniteStater]

Originally Posted by MJ1986

Granite, I've heard about the bad conditions in Michigan.

ehenningsen, that is promising! To me especially, as I am moving to Bellevue in a few months to complete my bachelors degree. I hope I can fill one of those spots!

I wish you the best of luck I have always liked the medium sized metros in the Midwest and Plains like Des Moines, Rochester, Omaha, Madison, Sioux Falls, etc. Huge metro areas like Chicago, Minneapolis, St. Louis, or Kansas City are a little too over-stimulating and crowded for me.

[itsMeFred]

So many folks in Nebraska still bank with their local banks. And those local banks have always had pretty conservative lending practices anyway. The last few weeks have just supported how very right they were!

I agree with Go NE. the key industries in Nebraska are thriving.

~Erin

[TheMac]

Talking about such a "big job market" is good and all statistically, but highly educated people in this state have a very hard time trying to find jobs.

I have a master's degree in a scientific field. In many other states with more high tech research going on, I would have no problem making in the 60-70K range as a starting salary. Here in Nebraska, I make in the 35-40K range, and only find about 1 job every couple of months that opens that fits my qualifications.

I'm definitely considering moving out of state for better opportunities.