Greater Omaha Indicators Local Economy Published February 2014 • For the 6 Nebraska counties in the Omaha Combined Statistical Area, net taxable sales increased 0.5 percent in December, finishing the year with a 6.4 percent gain versus 2012. Likewise, motor vehicle sales tax increased 6.8 percent in 2013. Total Non-Farm Employment, Omaha MSA: 2013 v 2012 (thousands, seasonally adjusted) 480 2013 2012 • On a December-to-December basis, combined motor vehicle and non-motor vehicle sales tax revenue increased 17.3 percent for the Omaha CSA. Saunders County posted a 21.2 percent increase, with Douglas and Sarpy counties posting increases of at least 17.0 percent. 470 460 • As expected, Omaha area home sales finished 2013 above the 12,000 unit threshold; 8.3 percent above the 2012 level. January sales, however, dipped 1.1 percent from the month of December. 450 440 Jan Feb Mar Apr May Jun Jul • For 2013, single-family permits increased by 26.3 percent; valuations totaled over $493 million. Nonresidential permits increased by a more modest 0.5 percent; however, valuations were over $690 million. Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics; Greater Omaha Chamber National Economy • Gavilon Celebrates New $40 Million Headquarters The Institute for Supply Management Manufacturing Index increased to 53.2 in February. The ISM Index points to a rebound from the dampening impact of January’s weather on economic activity across the nation. • New orders for durable goods declined 1.0 percent in January, due primarily to a large decline in aircraft orders. Unfilled orders for capital goods increased 0.8 percent for the month. • Manufacturing output declined 0.8 percent in January, with motor vehicle and parts output dropping by 5.0 percent. Output at utilities surged 4.1 percent for the month. • Despite the weather in January, inflation-adjusted consumer spending increased 0.3 percent. Inflationadjusted after-tax consumer income increased 0.3 percent, also. • January new home sales surged 9.6 percent in January, reaching the highest level sales since the summer of 2008. Existing home sales fell 5.1 percent in January. Area Highlights The commodities trading firm’s offices, were built for as many as 750 employees, though 400 now report to work there. The new building’s design is already helping employees do their jobs more efficiently, workers said. Construction at 1331 Capitol Ave. started in 2012, and Gavilon employees moved in in December, across downtown from their former offices on the ConAgra Foods campus. Formerly known as ConAgra Trade Group, Gavilon spun off from ConAgra in 2008 and in July was sold to Japanese general trading firm Marubeni for $2.8 billion. The focal point of the headquarters is the open, 35,000-square-foot trading floor, where 340 employees work in clusters: grain, ingredients and fertilizer trading, along with business development, risk management, hedging and operations. This headquarters brings the promise of even more investment – fresh energy, new jobs and more people – in our city’s core. 1 Source: Omaha World-Herald; Greater Omaha Chamber Total Private Employment, Omaha MSA: 2013 v 2012 (thousands, seasonally adjusted) 420 2013 Unemployment Rate, Omaha CSA: 2013 v 2012 (%, seasonally adjusted) 5.0 2013 2012 2012 410 4.5 400 390 4.0 380 370 3.5 360 350 3.0 Jan Feb Mar Apr May Jun Jul Jan Feb Mar Apr May Jun Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Source: U. S. Bureau of Labor Statistics; Greater Omaha Chamber Source: U.S. Bureau of Labor Statistics; Greater Omaha Chamber Net Taxable Sales, Nebraska Counties in the Omaha CSA*: 2013 v 2012 ($s millions, seasonally adjusted) 1000 2013 Home Sales, Omaha MSA: 2014 v 2013 (thousands, seasonally adjusted annual rate) 14 2012 900 2013 12 800 11 700 10 600 9 500 8 400 300 2014 13 7 Jan Feb Mar Apr May Jun Jul 6 Aug Sep Oct Nov Dec *Cass, Dodge, Douglas, Sarpy, Saunders and Washington counties 2014 Jul Aug Sep Oct Nov Dec Single-Family Residential Permits, Omaha MSA: 2014 v 2013 (thousands, seasonally adjusted annual rate) 3.0 Jan Feb Mar Apr May Jun Source: Omaha Area Board of Realtors; Southwest Iowa Association of Realtors Non-Residential Permits, Omaha MSA: 2014 v 2013 (number of permits, seasonally adjusted annual rate) 1000 2013 2.5 2014 2013 900 2.0 800 1.5 700 1.0 600 0.5 0.0 Jan Feb Mar Apr May Jun 500 Jul Aug Sep Oct Nov Dec 2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 14 Dec 13 Nov 13 Oct 13 3 Prices 1.6 Consumer Price Index - U.S. (yr/yr %, nsa) 1.4 CPI - Midwest (pop. 50,000 to 1,500,000, yr/yr %, nsa) 1.2 Personal Consumption Expenditure Index (yr/yr %, sa) PCE Index, ex Food & Energy (yr/yr %, sa) 1.1 Note: sa = seasonally adjusted; nsa = not seasonally adjusted. 1.5 0.9 1.1 1.2 1.2 0.9 1.0 1.2 936.5 126.6 1,077 146.3 Commerce (Omaha-Council Bluffs-Fremont Combined Statistical Area) Net Taxable Sales ($mm, sa) 941.2 126.6 Motor Vehicles ($mm, sa) 343.6 7.9 Transportation Airline Passengers (000s, sa) Airline Cargo (mm lbs., sa) 1,067 154.0 289 58,021 211 33,451 75 19,856 68 4,715 339.3 7.8 1,055 113.2 New and Existing Home Sales Total Sales (#, sa) Total Value ($mm, nsa) 291 63,231 212 35,109 76 22,534 83 5,588 341.5 7.9 294 82,914 214 21,620 77 54,923 79 6,371 Construction Permits Total Permits (#, sa) Valuation ($000, nsa) Single-Family Residential Permits (#, sa) Valuation ($000, nsa) Non-Residential Permits (#, sa) Valuation ($000, nsa) Multi-Family Residential Units (#, nsa) Valuation ($000, nsa) 473.1 407.8 22.3 31.5 95.9 11.3 41.8 67.6 73.6 46.7 17.2 65.3 1.0 1.0 0.8 1.1 929.6 126.0 337.2 7.7 1,087 198.8 286 82,209 209 46,956 73 30,946 69 4,307 Labor Market: Establishment Survey (Omaha-Council Bluffs Metropolitan Statistical Area) Total Employment (000s, sa) 473.3 473.2 408.1 408.0 Private Employment (000s, sa) 22.4 22.3 Construction/Mining (000s, sa) 31.3 31.4 Manufacturing (000s, sa) 96.2 96.1 Trade, Trans. and Utilities (000s, sa) 11.2 11.2 Information (000s, sa) 41.8 41.8 Financial Activities (000s, sa) 68.0 67.8 Prof. and Business Services (000s, sa) 73.5 73.5 Educ. and Health Services (000s, sa) 46.4 46.5 Leisure and Hospitality (000s,sa ) 17.4 17.3 Other Services (000s, sa) 65.2 65.2 Government (000s, sa) Labor Market: Household Survey (Omaha-Council Bluffs-Fremont Combined Statistical Area) Labor Force (#,sa) 481,684 483,896 485,890 462,725 464,435 465,957 Employment (#,sa) 18,959 19,460 19,933 Unemployment (#,sa) 3.9 4.0 4.1 Unemployment Rate - Omaha (%, sa) 3.6 3.7 3.9 Unemployment Rate - Nebraska (%,sa ) 6.7 7.0 7.2 Unemployment Rate - US (%, sa) Greater Omaha Indicators 1.2 0.9 0.9 1.2 923.0 125.5 335.5 7.6 1,092 183.3 290 131,869 209 40,295 72 75,793 208 15,781 473.1 407.7 22.3 31.6 95.8 11.3 41.8 67.4 73.7 46.7 17.1 65.3 487,909 467,511 20,398 4.2 4.1 7.2 Sep 13 1.5 0.7 1.1 1.2 916.1 124.9 334.3 7.6 1,086 240.2 287 107,792 210 41,776 71 56,138 142 9,878 472.9 407.5 22.4 31.6 95.5 11.3 41.8 67.2 73.8 46.8 17.0 65.4 489,823 468,996 20,827 4.3 4.2 7.2 Aug 13 2.0 1.5 1.3 1.1 909.2 124.2 333.5 7.7 1,067 245.6 289 85,113 212 45,592 70 24,606 210 14,915 472.4 407.1 22.5 31.7 95.1 11.3 41.7 67.1 73.9 46.7 17.0 65.3 491,271 470,135 21,136 4.3 4.2 7.3 Jul 13 1.8 1.9 1.3 1.2 901.9 123.3 332.9 7.7 1,039 241.4 286 103,001 214 48,530 70 44,308 104 10,163 471.6 406.4 22.5 31.7 94.5 11.3 41.7 67.0 74.0 46.6 17.1 65.2 491,906 470,644 21,262 4.3 4.0 7.5 Jun 13 1.4 1.4 1.0 1.2 894.2 122.1 332.3 7.8 1,010 230.7 286 204,984 216 50,578 70 154,406 0 0 470.7 405.7 22.4 31.6 94.0 11.3 41.7 67.0 74.1 46.3 17.1 65.1 491,588 470,377 21,211 4.3 3.8 7.5 May 13 1.1 1.0 0.9 1.2 886.3 120.7 331.9 7.8 988 171.2 311 189,301 215 47,594 70 100,425 571 41,281 470.0 405.0 22.4 31.6 93.6 11.4 41.7 67.0 74.1 46.1 17.2 64.9 490,555 469,490 21,065 4.3 3.7 7.5 Apr 13 1.5 1.3 1.2 1.4 878.7 119.3 332.1 7.9 981 160.5 287 92,378 214 42,020 69 44,002 110 6,356 469.5 404.6 22.4 31.6 93.4 11.4 41.7 67.0 73.9 45.8 17.3 64.9 489,168 468,249 20,920 4.3 3.8 7.5 Mar 13 2.0 2.2 1.5 1.5 871.7 117.8 333.1 7.9 982 99.4 283 76,427 212 28,859 69 44,750 40 2,818 469.2 404.3 22.4 31.6 93.4 11.4 41.7 67.0 73.8 45.6 17.4 64.9 487,760 466,942 20,818 4.3 3.8 7.7 Feb 13 1.6 1.3 1.4 1.5 865.5 116.5 334.7 7.8 989 98.4 280 82,547 212 31,092 68 51,455 0 0 469.0 404.0 22.3 31.5 93.4 11.4 41.7 67.1 73.7 45.5 17.5 65.0 486,573 465,792 20,781 4.3 3.8 7.9 Jan 13 Sources: Nebraska Department of Labor, U.S. Department of Labor, M.U.D., O.P.P.D., Nebraska Department of Revenue, Omaha Airport Authority, Omaha World-Herald, Omaha Area Board of Realtors, Southwest Iowa Association of Realtors, City of Omaha and the cities of Council Bluffs, Blair, Plattsmouth, Glenwood, Gretna, Springfield, Bellevue, Papillion, La Vista and Sarpy, Douglas, Cass and Washington counties. Business Barometer The following companies are new or have recently expanded operations in the Greater Omaha metro area. Announcements on this list have been gathered from public releases, local media and permit reports. Investment estimates are based on public announcements and permit reports, while employment is based on public announcements and industry averages. January 2014 New & Expanding Companies Company Location Product Investment Added Employment Strong Box Storage 1502 Bristol St. Water reservoir/ Booster station Summit Ridge iSkateOmaha Rockbrook Village Play + Play by LeWonderment Rockbrook Village The Art of Shaving Village Pointe Beauty Brands Market Pointe - S. 71St. Plz. Firehouse Subs Market Pointe - S. 71St. Plz. Batteries Plus Market Pointe - S. 71St. Plz. Krypton Comics 2819 S. 125th Ave. Omaha Code School Midtown Crossing MERJ Unique Boutique 7409 Main St. Mindful Yoga 13633 217th St. Dollar General Springfield Victoria’s Secret Oakview Mall Marco’s Pizza 709 Galvin Rd. S. Marco’s Pizza 16720 Harrison St. Marco’s Pizza 1910 N. 168th St. The Hive Rock Club & Art Gallery 1207 Harney St. City of Omaha (Missouri River Treatment Plant) Fort Crook coordior Fort Crook & Cornhusker Rd. 122nd ST. & W. Dodge Rd. 122nd St. & W. Dodge Rd. Dickey’s Barbecue Pit 12241 W. Center Rd. Nebraska Brewing Co. 6946 S. 108th St. Gretna Auto Mall 11808 Standing Stone Dr. Brakes Plus 72nd St. & Cornhusker Rd. Brakes Plus 120th St. & W. Dodge Rd. Merrill Lynch 13321 California St. Inner 10 Weapons & Training 8910 Military Rd. House of Hoops by Foot Locker Westroads Mall CSM Group Mastercraft Building Signs by Tomorrow 340 N. 76th St. climate controlled storage water system improvements $4,500,000 ice skating retail store 2 showroom skin care hair supplies, skin care, salon 8 restaurant 8 batteries 3 gaming room addition web developers school 2 book store, toys retail 2 yoga studio 1 discount store 6 retail store restaurant 2 restaurant 2 restaurant 2 bar and art gallery 5 upgrades $58,000,000 mixed use development $4,200,000 mixed use development restaurant brewing company used car dealership auto repair shop 5 auto repair shop 5 relocating & expanding branch office indoor shooting range 4 retail store 5 construction management custom sign company expansion 2013 Total 2014 YTD Total $ 930,514,644 $ 66,700,000 4,931 62 1301 Harney St. | Omaha, NE 68102 | (402) 346-5000 | (800) 852-2622 Scott Strain, economist in residence | [email protected] Michelle Janssen, senior economic analyst | [email protected] SelectGreaterOmaha.com | OmahaChamber.org 4
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