11/04/2025
Good Morning, Sidney and Cheyenne County,
We have spent millions on economic development here since 2018. Why isn't it working? Today, we are going to explain why, using the latest charts and statistics from the U.S. Government for Cheyenne County. NO rhetoric, fairy dust, and smoke, just statistics and real numbers that apply to us. Right now.
The first chart at the top shows the population of Cheyenne County. We all know we lost about 2,000 jobs at he end of 2017. Some people stayed, found new jobs, and created new businesses. 1,139 people left Cheyenne County after Cabelas. This is a fact. The 2020 census shows this as well. Cheyenne County recovered slightly during COVID, gaining almost 600 new residents, mostly out of state and retired residents. The chart shows this as well. Today, Cheyenne County's retired population, those over 65, is 21%. The average retired population in Nebraska is 15.7%. So we have a higher percentage of people of retirement age living in Cheyenne County than the rest of Nebraska. That is not a bad thing, but it is an economic thing.... Let me explain why this is important.
The second chart shows our unemployment rate. The U.S. national average right now is 4.3%. As you can see in this chart from the Department of Labor, Cheyenne County's unemployment rate is 2.7%. Any economist will tell you that below 3 to 4% is a bad sign. Strong employment, but no room for growth. A good unemployment rate stays between 3% and 5%. Room for growth. We don't have that.
The unemployment rate means, only 2.7% of our workforce is available workers. Those without current jobs. There are currently 9,602 people living in Cheyenne County. Remove students, retirees, disabled, etc., then multiply that by 2.7%, and you get less than 200 people able to work in Cheyenne County who are not working right now. That is really low. Very low. There is NO large workforce here any longer. They left in 2017 and were replaced by retirees during COVID. No big business can come here to save us. There is no large workforce, nor enough available housing to bring in new workers.
Our problems today are workers, wages, affordable housing, child care, and most importantly, SPENDING. We have no choice but to return to a small rural Nebraska Panhandle town, with a lot of retired folks living here. Reset, then build slowly. Right now, we are making it difficult for a huge portion of our residents on fixed incomes with excessive spending and taxes by local governments. It has to stop. Remember, our mean family income is $20,000 below the rest of Nebraska. That makes it even more difficult. Yes, we need growth, but first, we need to cut spending and reset our priorities. That is the only option that will work. Throwing millions at economic development will not work, and hasn't worked since 2018. Time to do what will work. Cut spending. Next post, we will analyze the business environment... more coming.
https://fred.stlouisfed.org/series/NECHEY3URN
https://fred.stlouisfed.org/series/NECHEY3POP
Health and Human Services U.S. Government- Retired population of Nebraska.
https://mchb.tvisdata.hrsa.gov/Narratives/Overview/4eac548f-4794-43fe-ae5a-477edd2b6c23