Economy and Workforce

Lincoln has a strong economy, an educated workforce, low unemployment, a low cost of living, and investments in Lincoln's built infrastructure. Despite these positive trends, Lincoln also has opportunities for improvement. Many economists believe that cities with jobs in science, technology, engineering, math, and creative and innovative industries will continue to grow while cities that lag in those areas will decline. Lincoln is only slightly above average in the percentage of science, technology, engineering, and math occupations. Average household income has dropped, when accounting for inflation. The high percentage of children with all parents in the workforce signals the need for high quality day care, but child care costs may consume a significant proportion of a household income.

Lincoln’s Unemployment is Lower Than Nearly Anywhere Else in the U.S.

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Workforce Participation is High

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Workforce Participation and Unemployment Vary by Race and Ethnicity

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High Workforce Participation Combined with High Cost of Child Care Impacts Families

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Lincoln's Cost of Living is Low

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Average Household Income has Remained Level Since 2011

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Most Adults in Poverty are Employed

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Most Employed Adults in Poverty Work Part-Time or Part-Year

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Approximately Half of Lincoln's Workforce has Post-Secondary Degrees

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Compared to the U.S., Lincoln has a highly-educated workforce

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Persons with Higher Educational Attainment have Lower Unemployment and Greater Earnings

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Jobs Requiring a Master's Degree are Expected to Grow the Fastest in the Next Decade

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Businesses Give High Ratings to the Quality of Lincoln's Workforce, but Lower for Availability

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Most Workers are Employed by Private Companies

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Net Job Creation is on a Downward Trend

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New Business Job Growth has Fluctuated, but on Average, is Fairly Steady

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The Rate of Establishment of New Businesses has Increased Since the Great Recession

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Innovation, as Measured by Patents, has Been on an Upward Trend

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The Proportion of Lincoln's STEM Workforce and Creative Industries is Average

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Private Investment in Lincoln is Growing

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Lincoln has Many Arts and Cultural Organizations but Lags in Supporting Them

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Footnotes

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