Following an uptick in unemployment in June, Nebraska’s preliminary July unemployment rate fell to the second-lowest in the country, but the jobless figure is still at historically elevated levels for the state. While any almost any state would be happy to trade places with Nebraska, the July unemployment rate of 4.8% is closer to the...
It would appear that lawmakers around the country haven’t gotten the word that more regulation doesn’t help the economy. Take for instance this legislation (sent to me via this link today) moving through the New York Assembly. While it doesn’t appear that the legislation is moving quickly, one has to wonder what motivates the introduction...
It’s no secret that many Nebraska businesses are hurting as a result of forced shutdowns during the pandemic. But a bill set for Select File debate this week would add insult to injury for a number of small businesses that were required to close this year. LB607 is a bill that proposes to redefine what...
The Nebraska Legislature has given first-round approval to a bill that would require large and medium-sized Nebraska cities to take more action to reduce barriers to affordable housing options. Sen. Justin Wayne’s Legislative Bill 866 advanced on a 28-5 vote and contains provisions of Sen. Matt Hansen’s LB794, also known as the Missing Middle Housing...
The Nebraska Department of Labor is reporting that the state posted a preliminary unemployment rate of 6.7% in June, a significant uptick from May when Nebraska posted a revised unemployment rate of 5.3%, which was the lowest in the country at the time. The department says the greater volatility in unemployment rates can be attributed...
On Monday, Missouri Gov. Mike Parson joined the list of governors who have signed major occupational licensing reform in the last year. Missouri’s bill, like Iowa’s bill a few weeks ago, creates substantial universal recognition and opportunities under what has sometimes been termed a “fresh start act”–giving those who have spent time incarcerated the potential...
New estimates show that growth in the ag sector gave Nebraska the country’s smallest economic contraction in the first quarter of 2020. Nebraska’s economy shrank 1.3% according to the Bureau of Economic Analysis. That’s compared to the U.S. average of a 5% contraction. Nebraska’s Plain States region averaged a loss of 3.6%. While the data...
The Bureau of Labor Statistics released the May unemployment rates for 2020 this morning. Overall, it was a more optimistic picture for our nation. Rates were lower in 38 states, with Nebraska posting the lowest unemployment rate in the nation at 5.2%. The total unemployed in the state currently stands at 54,879 people, down from...
Last weekend, our neighbors in Iowa took a big step forward in occupational licensing reform with the passage of House File 2627 by both houses of the legislature. The governor is expected to sign the bill—probably in a signing ceremony worthy of a significant reform effort—sometime in the next week. The Iowa bill does not...
For the week of June 6, 2020, an additional 4,697 Nebraskans filed for unemployment. This new data takes the total of unemployment claims up to 138,091 in Nebraska since COVID-19 restrictions were put in place. While there was a major surge in mid-March to early-April as the economy began to slow down, that trend has started...
An Arizona bill just signed into law promises to reduce the dangers of “regulatory capture” in occupational licensing boards. Political scientists and public policy institutes concerned with transparency in governance often talk about the notion of regulatory capture. A quick Google search to define this term yields results that are different in tone, but point...
During the last weekend in May, I had the opportunity to participate in an academic conference focused on occupational regulations. The conference, co-hosted by the Knee Center for the Study of Occupational Regulation at St. Francis University and Southern Illinois University Edwardsville School of Business, was a tremendous opportunity for scholars to show numerous streams...
The public interest law firm the Institute for Justice (IJ) has filed two lawsuits in Lancaster County court related to policies recently debated in the Nebraska Legislature. While the Platte Institute is not party to either lawsuit, they clearly intersect with our work, since both challenge the constitutionality of state and local economic policies we’ve...
If you follow the Platte Institute you know we publish papers on public policy issues in Nebraska. But what you probably didn’t know is that sometimes this data is used in academic research and trade publications. In 2018, Nicole Fox and I published a report that reviewed the proposed reforms to occupational licenses enacted in Nebraska. While...