- 12,834 more businesses
- 68,883 more employees
- 34.5% increase in total wages
- $8,326 in additional annual wages per employee
- 23.1% increase in wages per employee
Since 2009, the number of businesses in Nebraska has grown by 23.0% (13.5% greater than the national average of 9.5%). Employment in Nebraska has grown by 9.3% (5.2% less than the national average of 14.4%). Wages have grown by 23.1% since the end of the Great Recession. This wage growth is 0.5% greater than the national average of 22.5%.
The average weekly wage in Nebraska of $854 is 19.7% below the national average of $1,064. The gap between the national average has widened from 20.0% a widening of 0.3% since the end of the recession.
The Healthcare sector has the most businesses in the state of Nebraska . Since the end of the recession, the number of businesses has grown from 4,856 to 12,664, a gain of 160.8%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||4,620||4,195||10.1%|
|Finance and insurance||4,364||4,216||3.5%|
|Transport and warehousing||2,633||2,390||10.2%|
|Agriculture and forestry||2,200||1,524||44.4%|
|Real estate and rental||2,117||1,889||12.1%|
|Arts and entertainment||888||817||8.7%|
|Mining and oil extraction||137||141||-2.8%|
The significant expansion of new businesses in the Healthcare sector has moved it from the sector with the 5th most businesses to the top. The Agriculture and forestry sector also grew by 44.4% and the Company management sector grew by 45.1% [although with a significantly smaller number of companies involved]. Several sectors lost businesses since the recession including Retail trade whose number declined by 2.0% and Manufacturing which declined by 4.1%.
The Healthcare sector employs the most workers in the state of Nebraska . The number of jobs has increased 17.4% since the end of the recession from 108,056 to 126,840. The table below illustrates the change in employment in each sector:
|Accommodation and food services||77,128||68,868||12.0%|
|Finance and insurance||56,345||53,807||4.7%|
|Transport and warehousing||39,512||38,391||2.9%|
|Arts and entertainment||14,647||12,675||15.6%|
|Agriculture and forestry||14,456||11,538||25.3%|
|Real estate and rental||9,892||9,052||9.3%|
|Mining and oil extraction||1,044||907||15.1%|
Two sectors (of 19) lost employees since the recession. Wholesale trade declined by 0.4% losing 168 jobs, but the Utilities sector lost 43.1% of its employees since the recession. In addition to the Healthcare sector (see above) several sectors increased their employee base pretty significantly. Waste services increased by 23.6%, Company management increased by 26.0% and Agriculture and forestry increased by 25.3% since 2009.
The sector with the highest wages is the Utilities sector at $1,856. Prior to the recession, the sector’s average weekly wage was $1,797. This is an increase of $59 per week or 3.3%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,297||$973||33.3%|
|Mining and oil extraction||$1,038||$820||26.6%|
|Transport and warehousing||$866||$677||27.9%|
|Real estate and rental||$787||$599||31.4%|
|Agriculture and forestry||$740||$560||32.1%|
|Arts and entertainment||$344||$284||21.1%|
|Accommodation and food services||$307||$232||32.3%|
Wage growth in Nebraska outpaced the national average by 0.5% and that is largely due to a very equal rise in wages (as a percent) in almost every sector. Most sectors had wages increase at least 20% with Waste services (+35.9%), Finance and insurance (+33.3%) and Accommodation and food services (+32.3%) increasing the most.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Services for the elderly and disabled which has grown 6,704.9%. The top industry that has contracted the most is Wholesale trade agents and brokers which has contracted by 26.9% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Services for the elderly and disabled||7,009||103||6,704.9%|
|Computer systems design and related services||1,827||1,169||56.3%|
|Insurance agencies and brokerages||1,489||1,368||8.8%|
|Residential building construction||1,383||1,250||10.6%|
|Wholesale trade agents and brokers||1,017||1,391||-26.9%|
|Offices of physicians||1,009||977||3.3%|
|Plumbing and hvac contractors||884||792||11.6%|
|Management consulting services||877||632||38.8%|
|Offices of lawyers||874||843||3.7%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Temporary help services which has grown 97.6%. The industry that has lost the most employees is General freight trucking, long-distance which has contracted by 11.1% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||32,472||32,018||1.4%|
|Animal slaughtering and processing||27,332||24,901||9.8%|
|Management of companies and enterprises||21,632||17,168||26.0%|
|Supermarkets and other grocery stores||19,284||16,864||14.4%|
|General freight trucking, long-distance||17,430||19,616||-11.1%|
|Temporary help services||15,171||7,677||97.6%|
|Offices of physicians||15,003||14,466||3.7%|
|Nursing care facilities, skilled nursing||14,640||15,383||-4.8%|
|Computer systems design and related services||11,776||9,544||23.4%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Investment banking and securities dealing which has grown 72.8%. The average weekly wage in the Natural gas distribution industry has grown by 11.5% since the recession. This is the industry with the lowest wage growth among top industries in Nebraska . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Investment banking and securities dealing||$3,819||$2,210||72.8%|
|Computer and software merchant wholesalers||$2,197||$1,609||36.5%|
|Natural gas distribution||$2,165||$1,941||11.5%|
|Photographic equip. merchant wholesalers||$1,940||$1,131||71.5%|
|Mortgage and nonmortgage loan brokers||$1,912||$1,186||61.2%|
|Offices of physicians||$1,870||$1,440||29.9%|
|Management of companies and enterprises||$1,806||$1,462||23.5%|
|Druggists’ goods merchant wholesalers||$1,790||$1,556||15.0%|
The biggest percentage change in the number of businesses has been in businesses with fewer than 5 employees. The number of businesses with this number of employees has grown from 31,276 to 42,221, which is an increase of 35.0%.
The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 10,406 to 11,097, which is an increase of 6.6%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||42,221||31,276||35.0%|
|More Than 1,000 Employees||42||37||13.5%|
The biggest percentage change in the number of employees has been in businesses with fewer than 5 employees. The number of employees in companies this size has grown from 53,502 to 62,873, which is an increase of 17.5%.
The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 68,346 to 72,536, which is an increase of 6.1%.
Table: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||62,873||53,502||17.5%|
|More Than 1,000 Employees||82,040||76,238||7.6%|
The biggest percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has grown from $813 to $1,171, which is an increase of 44.0%.
The smallest percentage change in the average weekly wage has been in businesses with 250 to 499 employees. The average weekly wage in companies this size has grown from $851 to $980, which is an increase of 15.2%.
Table: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$842||$647||30.1%|
|More Than 1,000 Employees||$1,171||$813||44.0%|
This page, created and maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt Tietjen has spent the bulk of his career working with and using data to grow businesses. As the SVP of Operations at TheStreet and the head of Audience & Product at Purch, data helped us create products and content strategies to grow the businesses. My LinkedIn Profile is here.