Nebraska economic indicator surges

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Updated: Fri, 16 May 2014 11:43:24 CST

Meanwhile, a report from the UNL College of Business Administration saw a surge in Nebraska's Leading Economic Indicator.

The jump of 1.89% in April represented the third straight month of improvement for the indicator, and its strongest showing since last December.

UNL economist Eric Thompson says the Nebraska economy is expected to grow moderately over the next few months, then show solid growth in the second half of the year.

The rapid increase in the indicator was spurred by a significant drop in unemployment claims, and predictions of increased sales and jobs for Nebraska businesses.

Building permits for homes also increased, while exporters in the state benefited from a decline in the value of the U.S. dollar.