The “advance” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2017 grew at a weaker-than-expected 0.7 percent annualized rate. The biggest positive contribution came from private domestic investment, while consumer spending posted the slowest growth since the end of the Great Recession based on incomplete data. Weak consumer spending, in spite of … [Read more...]
May 2017: Business Indicators
The “third” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 grew at a 2.1 percent annualized rate, up by 0.2 percentage point from the “second” estimate. According to more complete source data, consumer spending boosted real GDP more than expected. U.S. nonfarm employment added a less-than-expected 98,000 jobs in March. The unemployment rate, … [Read more...]
April 2017: Business Indicators
The “second” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 grew at a 1.9 percent annualized rate, remaining unchanged from the “advance” estimate. According to more complete source data, consumer spending increased more strongly than previously thought, but increases in state and local government spending and nonresidential fixed investment … [Read more...]
March 2017: Business Indicators
The “advanced” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 increased at a 1.9 percent annualized rate. Although the real GDP growth rate decelerated compared to last quarter’s 3.5 percent increase, the underlying categories showed more strength. Consumer spending stayed robust and business investment finally moved out of a negative or … [Read more...]
February 2017: Business Indicators
U.S. real gross domestic product (GDP) for the third quarter of 2016 increased at a 3.5 percent annualized rate. The surprising upswing of real GDP in the third quarter reflects a surge in agricultural (soybean) exports and a rebound in business inventories. The consumer price index also showed the largest jump in two years at 1.7 percent. November housing starts fell … [Read more...]
CSN President Presents College Outlook & Plans to Restructure
New data related to the college’s role in regional economic development reveals CSN’s impact LAS VEGAS – The College of Southern Nevada has a nearly $1 billion impact annually on the local business community, according to a new independently produced economic impact report. CSN President Michael Richards presented the report and discussed the college's outlook in a town … [Read more...]
December 2016: Business Indicators
U.S. real gross domestic product (GDP) for the third quarter of 2016 expanded at a 2.9 percent annualized growth rate based on the advanced estimate. This unusual and surprising jump after three quarters of sluggish growth reflects a surge in agricultural (soybean) exports and a rebound in business inventories, which bring doubt about continued strong growth in the fourth … [Read more...]
Business Indicators: October 2016
The U.S. real gross domestic product (GDP) grew at a 1.1 annual rate in the second quarter of 2016, The increase in real GDP was mainly due to surprisingly large gains in consumer spending, while cutbacks in private business investment contributed to U.S. economic growth remaining stuck in the slow lane. In spite of lackluster business investment, U.S. nonfarm employment added … [Read more...]
Industry Focus: Education
Education continues to be a hot topic for many citizens of the Silver State. Concerns over state rankings have been addressed by both public and private sectors in hopes of improving the overall status of students in Nevada. Recently, leaders in education in Nevada met at the Las Vegas office of City National Bank to discuss what can be done for Nevada to reach its full … [Read more...]
Business Indicators: September 2016
The advanced estimate for U.S. real gross domestic product (GDP) for the second quarter of 2016 indicated a much weaker-than-expected growth of 1.2 percent. In addition, the first quarter’s real GDP growth was revised downward to 0.8 percent from 1.1 percent. Private investment, again, contributed negatively to U.S. economic expansion, falling by 9.7 percent from the previous … [Read more...]
Business Indicators: July 2016
The second estimate for U.S. real gross domestic product (GDP) for the first quarter of 2016 was revised upward from the first estimate of 0.5 to 0.8 percent annualized growth rate. This revision mainly reflects upward adjustments in private inventory investment, residential fixed investment and exports and a downward adjustment in imports. The stronger dollar, cheaper oil and … [Read more...]
Nevada State College Outstrips Fundraising Goals, New School of Education Building and More Scholarships In Sight
HENDERSON, NEVADA – Nevada State College on June 30 concludes the first major fundraising initiative in its history. The two-year Comprehensive Capital Campaign has raised $16.8 million to date and is on pace to hit $17 million by the month’s end, surpassing its initial goal of $10 million. Now the college is ramping up to raise millions more. The funds raised helped … [Read more...]
Board of Regents Approves CSN Bachelor’s Degree in Emergency Services Administration
LAS VEGAS – The College of Southern Nevada is pleased to announce a new bachelor’s degree for local first responders. The Nevada System of Higher Education Board of Regents approved the program Friday. It will be the only four-year degree of its kind in Nevada, where fire and emergency professionals have had to look out of state for a bachelor’s degree in their field. The … [Read more...]
Dickson Realty Announces Kylie Rowe as Vice President of Relocation and Agent Services
Dickson Realty primed to assist those relocating to area for job opportunities Reno – Dickson Realty has announced Kylie Rowe as Vice President of Relocation and Agent Services to assist new companies moving to the region as well as to support Dickson Realty REALTORS with the tools they need to succeed. Dickson Realty is the first realty company in northern Nevada to create … [Read more...]
Nevada High School Students Graduate With Diplomas … And College Degrees
LAS VEGAS – As Nevada high school students walk across the stage in the next few weeks to receive their diplomas, 110 of them will have already earned an associate degree or certificate from one of the state’s four community colleges. These successful graduates participated in one of the Nevada System of Higher Education’s dual enrollment programs that enables high school … [Read more...]
Business Indicators: June 2016
The advanced estimate for U.S. real gross domestic product (GDP) for the first quarter of 2016 experienced an expected, but disappointing, gain of an annualized 0.5 percent. The weak growth mainly reflects a large 5.9 percent decrease in nonresidential investment. Consumer spending still continues to provide the main driver of real GDP growth, although it decelerated its upward … [Read more...]
Education Outlook: Addressing the Tough Questions
Students are more than test scores, they’re the future of Nevada’s population and workforce. Schools are more than buildings, they are part of the state’s economy and essential to economic development. Education is more than learning, the process is dependent on teachers, students, families and the community. For too many years Nevada’s education system has received poor … [Read more...]
Business Indicators: May 2016
The third estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2015 was revised upward again from the second estimate of 1.0 percent to a 1.4 percent annualized growth rate. This revision mainly reflects an increase in consumer spending, which is partly offset by a downward revision of private inventory investment. The stronger dollar, cheap oil and a … [Read more...]
Nevada State College President Bart Patterson to Present Statewide Mission Plan to Nevada Higher Education Officials
Henderson – Nevada State College (NSC) President Bart Patterson will present his Statewide Mission Plan for improving student access to four-year degrees at 9 a.m. on Thursday, March 3, during the Nevada System of Higher Education (NSHE) Regents meetings at NSC. This will mark the first Board of Regents meeting to be held at NSC, 1125 Nevada State Drive, now that the newly … [Read more...]
Tech Leaders Elected to NCET Board
Dave Archer has been re-elected as president and CEO of NCET, a member-supported nonprofit in Reno that produces networking events to help individuals and businesses explore and use technology. Susan Moreno has been elected to the board of NCET and will serve a one-year term as co-vice president of membership. Mikalee Byerman, Nicole Rose Dion, Van Fortier, Andy Jorgensen, Matt … [Read more...]
