Minimum-Wage Hikes: The Path to Poverty for Poor People

Presumably, State Senator Tick Segerblom thinks his proposal to increase the minimum wage to $15-per-hour in Nevada would be beneficial. After all, it sounds appealing to double the pay of fast-food workers and other entry-level workers with one wave of the government’s mandate wand. As businessmen and women know firsthand, however, there’s a big difference… [More...]

Industry Focus: Bankers

Nevada banking executives recently met at the Las Vegas offices of City National Bank to discuss the challenges in their industry.

Enduring a slow economic recovery, the banking industry stays focused on getting businesses back on their feet in the midst of increasing regulations and legislative uncertainty. Nevada banking executives recently met at the Las Vegas offices of City National Bank to discuss the challenges in their industry. Connie Brennan, publisher of Nevada Business Magazine, served… [More...]

Business Indicators: September 2014

Nevada Business Indicators: September 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.0 percent, rebounding from the negative 2.1 percent growth experienced during first quarter 2014. Personal consumption expenditures, changes in private inventories, residential investment, non-residential fixed investment, and state and local government spending made positive contributions. Net… [More...]

Business Indicators: July 2014

Nevada Business Indicators: July 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 1.0 percent, lower than the positive 0.1 percent growth first reported. U.S. nonfarm employment experienced gains in May, adding 217,000 jobs over April. The unemployment rate remained constant at 6.3 percent, as labor force participation increased.… [More...]

Business Indicators: May 2014

Nevada business indicators: May 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 2.6 percent, higher than the 2.4 percent growth first reported in the “second” estimate. The revision consisted of a larger increase in personal consumption expenditures from third to fourth quarter 2013. Nonresidential fixed investment, net exports… [More...]

Business Indicators: April 2014

Nevada business indicators: April 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 2.4 percent, lower than the 3.2 percent growth first reported in the “advance” estimate. The revision consisted of a smaller increase in personal consumption expenditures from third to fourth quarter 2013. Non-residential fixed investment, net exports… [More...]

Business Indicators: March 2014

Read Nevada business indicators: March 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.2 percent, below the 4.1 percent growth experienced during third quarter 2013. Personal consumption expenditures, non-residential fixed investment, net exports and state and local government spending made positive contributions. Federal government spending and residential investment made… [More...]

Business Indicators: February 2014

Read Nevada business indicators: February 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 4.1 percent, an improvement over the 3.6 percent growth reported in the “second” estimate. Higher levels of personal consumption expenditures and nonresidential fixed investment were responsible for the upward revision. Residential investment, net exports, and state… [More...]

Betting on Gaming in Nevada

Nevada and gaming go together like peanut butter and jelly, it has been Nevada’s foundation for so long it’s hard to think of one without the other.

Nevada and gaming go together like peanut butter and jelly. The industry has been Nevada’s foundation for so long it’s hard to think of one without the other. However, as gaming changes, Nevada has found itself adapting and learning to find new ways to earn revenue in a market that, it would appear, everyone wants… [More...]

January 2014: Business Indicators

Read Nevada business indicators: January 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.6 percent, an improvement over the 2.8 percent growth initially reported. Most of the revision was due to an acceleration of private inventory investment. Personal consumption expenditures, business fixed investment, residential investment, net exports and state… [More...]

December 2013: Business Indicators

Read Nevada business indicators: December 2013. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

Advanced estimates for third quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 2.8 percent, a slight improvement over the 2.5 percent growth experienced in second quarter 2013. Federal government spending made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential investment, net exports, and state and… [More...]

November 2013: Business Indicators

Read Nevada business indicators: November 2013. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

Revised estimates for second quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 2.5 percent, an improvement over the 1.7 percent growth first reported. Federal government spending made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential investment, and state and local government spending all made positive… [More...]

October 2013: Business Indicators

Read Nevada business indicators: October 2013. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

Revised estimates for second quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 2.5 percent, an improvement over the 1.7 percent growth first reported. Federal government spending made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential investment and state and local government spending all made positive… [More...]

September 2013: Business Indicators

A look at September 2013 Business Indicators for the U.S., Nevada, Las Vegas, and Reno.

Estimates for second quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 1.7 percent, an improvement over the 1.1 percent growth experienced in first quarter 2013. Federal government spending and net exports made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential investment, and state and local… [More...]

August 2013: Business Indicators

A look at August 2013 Business Indicators for the U.S., Nevada, Las Vegas, and Reno.

The “third” estimate for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 1.8 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports and state and local government spending all made negative contributions while personal consumption expenditures, private inventory investment, business fixed… [More...]

Made in Nevada: What Happens Here Goes Everywhere

Exports made in Nevada are growing healthily despite the lackadaisical economy.

America and the world want what Nevada’s got – and not just what’s on the Strip. Exports traveling from Nevada to points north, south, east and west are growing healthily despite the lackadaisical economy. Bolstered by visionary entrepreneurs, a solid workforce, smart tax policies and a state government that mostly knows when to help and… [More...]

July 2013: Business Indicators

July 2013: Business Indicators - U.S., Nevada, Las Vegas, Reno

Revised estimates for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 2.4 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports, and state and local government spending all made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, and… [More...]

June 2013: Business Indicators

Business Indicators for U.S., Nevada, Las Vegas, and Reno economies

Initial estimates for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 2.5 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports, and state and local government spending all made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, and… [More...]

May 2013: Business Indicators

Nevada business news - May 2013: Around the State

Revised estimates for fourth quarter 2012 show U.S. real GDP increasing at an annualized rate of 0.4 percent, a little higher than the “second” estimated rate of 0.1 percent. Private inventory investment, federal government spending, and exports made negative contributions. The reduction in federal government spending comes after a surge in defense spending during third… [More...]

Nevada’s Unemployment Rate Slightly Increases in March to 9.7 Percent

In March, the seasonally adjusted unemployment rate in Nevada rose to 9.7 percent, up from 9.6 percent in February. The rise in the unemployment rate ended 20 months of the rate either declining or holding steady, said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation (DETR). As for the state’s three… [More...]

March 2012: Business Indicators

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U.S. real GDP grew at an annualized rate of 2.8 percent during fourth quarter 2011, which represents a gain over the third-quarter figure of 1.8 percent. Consumption spending and inventory investment were particularly strong. Residential investment showed stronger growth, but business fixed investment slowed. U.S. nonfarm employment rose by 243,000 jobs in January, and the… [More...]

February 2012: Business Indicators

According to revised data, U.S. real GDP grew at an annualized rate of 1.8 percent during third quarter 2011, which represents a gain over the second-quarter figure of 1.3 percent.  Consumption spending and business fixed investment were particularly strong.  U.S. nonfarm employment rose by 200,000 jobs in December, and the unemployment rate fell to 8.5… [More...]