Thursday, April 19, 2012

A Fresh Look At Dorchester's Economy

According to recent figures, Dorchester is trailing the state average in personal earnings, but our job growth prospects are much better here than in most parts of the country.

According to data gathered by Sperling's Best Places, a popular website, Dorcheter's unemployment rate is at 4%, which is Nebraska's current average jobless rate. Recent job growth in Dorchester is pegged at 2.03%, compared to a -0.12% for the United States as a whole. Due mostly to the ag economy and Farmers Cooperative, Dorchester's future job growth is an estimated 40.06%, compared to a 31.25% future job growth rate for the rest of America.

Dorchester's significantly lags the U.S. average in personal and household earnings, according to Sperlings, with an income-per-capita average of $19,487 -- which includes all adults and children. The U.S. average is $27,067.

Our community's median household income is $44,950, compared to the national average of $52,954.

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