News Release: Ernie Goss & Scott Strain Join Webinar on Economic Impact of COVID-19
NEWS RELEASE from the Platte Institute
Contact: Adam Weinberg
(402) 500-0209
Webinar: COVID-19’s Economic Impact on Nebraska
Economists Ernie Goss & Scott Strain Review Latest Figures
OMAHA, NE — The Platte Institute will host a webinar with Economists Ernie Goss, Ph.D. and Scott Strain, M.S. on the economic impact of COVID-19 on Nebraska. An event flyer is attached.
The webinar will be held on Zoom on Thursday, April 23, 2020 at 11 a.m. Central Time. Registration is required at PlatteInstitute.org/Webinar.
The program may be recorded for broadcast and will be available for download. Q&A will be available through the Zoom chat window.
Creighton University’s Ernie Goss and Goss & Associates senior economist and University of Nebraska-Omaha adjunct professor Scott Strain are the co-authors of a new series of Platte Institute reports which will model jobs, economic activity, and tax receipts lost in Nebraska as a result of the COVID-19 pandemic and the Directed Health Measure impacting workers and businesses.
The first release in the series, "The Economic Impact of COVID-19 on Nebraska's Economy," is now available at PlatteInstitute.org/Policy. Updated economic figures for Nebraska will be released in the coming days and future releases of the report will follow.
Here are highlights of their report:
- Economic modeling estimates an impact of $63 million in lost economic activity in Nebraska for the month of March, including lost wages and self-employment income.
- Nebraska state and local sales tax receipts are estimated to have declined by $924,469 in the month of March. State personal and corporate income tax receipts are estimated to have declined $794,501 over the same period. An updated estimate of lost receipts will be available when new data is released.
- Under the current Directed Health Measure, Nebraska’s estimated increase in unemployment as a percent of non-farm employment during March 2020 was 0.98%. The average increase among shelter-in-place states is 2.82%, while the average of states that do not have a statewide shelter-in-place order, including Nebraska, is 1.85%.
To schedule an interview on this subject, please contact Adam Weinberg at (402) 500-0209 or aweinberg@platteinstitute.org.
The Platte Institute advances policies that remove barriers to growth and opportunity in Nebraska. More media resources are available at PlatteInstitute.org/Media.