May’s Commercial Development was Five Times Higher Year Over Year
Omaha, Neb, July 20, 2021 – The Greater Omaha Chamber released Monthly Economic Indicators (MEI) for May 2021, noting commercial construction continues to show significant increases over 2020, spiking at nearly “five-times more construction than last year,” according to chamber analysts.
Even more encouragingly, according to the U.S. Bureau of Labor Statistics the region added jobs month over month in 2021, with 3,400 more jobs from April to May. Job growth continues to build in industries hit hardest by the pandemic. When compared to April of 2020, Leisure and Hospitality (up 59.3%); Trade, Transportation and Utilities (up 8.5%) and Education and Health Services (up 8.2%) were the industries with the most growth.
Omaha airline data also told a story of recovery, with enplanements up 212% in May as compared to May of 2021.
“What we’re seeing are indications that businesses are hiring, returning to and in cases exceeding pre-pandemic levels of productivity, ” said Todd Johnson, senior vice president, economic development, Greater Omaha Chamber, “The region is poised to accelerate through this recovery.”
Attachments
May 2021 Monthly Economic Indicators (MEI)
Greater Omaha Building Permit Data
About the Greater Omaha Chamber Economic Development Partnership
The Greater Omaha Chamber Economic Development Partnership (https://www.omahachamber.org/economic-development/) represents a seven-county area from two states (Nebraska and Iowa) that includes Cass, Dodge, Douglas, Otoe, Pottawattamie, Sarpy and Washington Counties.
About Greater Omaha
Greater Omaha is a No. 1 ranked up-and-coming-tech hotspot, a “top 10 best place to live on a $60,000 salary” and one of the “best cities for young professionals” according to SmartAsset . Greater Omaha is home to more than 30 communities and nearly 1 million people.
About the Greater Omaha Chamber
The mission of the Greater Omaha Chamber is to champion a thriving business community and a prosperous region through visionary leadership and collaboration.