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Stephen M. Miller

Business IndicatorsJanuary 2019

January 1, 2019 By Jinju Lee Leave a Comment

The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2018 increased at an annual rate of 3.5 percent. Based on more complete data compared to last month, business investment, including inventory investment, was revised upward, which was offset by smaller estimates of consumer and state and local government spending growth. The overall picture … [Read more...] about Business Indicators

Business Indicators: December 2018

December 1, 2018 By Jinju Lee Leave a Comment

Business Indicators: October 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “first” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2018 increased at an annual rate of 3.5 percent, a 0.7 percentage point drop from the “final” estimate of the second quarter, yet a faster-than-expected growth rate for the third quarter. Overall, positive contributions from personal consumption spending, private inventory investment, … [Read more...] about Business Indicators: December 2018

Business Indicators: November 2018

November 1, 2018 By Jinju Lee Leave a Comment

Business Indicators: October 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2018 increased at an annual rate of 4.2 percent, which remained unchanged from the “second” estimate. The overall picture of GDP growth did not change based on more complete data except that lower-than-expected private inventory investment was offset by small upward movements from most … [Read more...] about Business Indicators: November 2018

Business Indicators: October 2018

October 1, 2018 By Stephen Miller Leave a Comment

Business Indicators: October 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2018 rose at an annual rate of 4.2 percent, up by 0.1 percentage point from the prior estimate. The upward revision reflected larger-than-expected business investment, including inventory investment, which was partly offset by smaller-than-expected consumer spending. Real GDP posted the … [Read more...] about Business Indicators: October 2018

Business Indicators: September 2018

September 1, 2018 By Stephen Miller Leave a Comment

Business Indicators: September 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2018 expanded by a strong 4.1 percent annualized rate, the fastest pace in almost four years. Consumer spending, which accounts for two-thirds of real GDP, also grew strongly, which probably reflected somewhat the tax cut. U.S. nonfarm employment added a lower-than-expected 157,000 jobs … [Read more...] about Business Indicators: September 2018

Business Indicators: August 2018

August 1, 2018 By Stephen Miller Leave a Comment

Business Indicators: August 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 expanded at a 2.0 percent annualized rate, revised down from the second estimate of 2.2 percent. The downward revisions mainly reflected smaller-than-expected private inventory investment and personal consumption expenditure. U.S. nonfarm employment continued its surprising gain by … [Read more...] about Business Indicators: August 2018

Business Indicators: July 2018

July 1, 2018 By Stephen Miller Leave a Comment

Business Indicators: July 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 showed growth at an annual rate of 2.2 percent, down by 0.1 percentage point from the previous estimate of 2.3 percent. The downward revisions reflected smaller private inventory investment, residential fixed investment, and net exports, which were partly offset by a larger … [Read more...] about Business Indicators: July 2018

Business Indicators: June 2018

June 1, 2018 By Jinju Lee Leave a Comment

Business Indicators: June 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 rose at an annual rate of 2.3 percent, a slower pace than the previous three consecutive quarters of about 3 percent. The first quarter real GDP growth, however, exceeded the first-quarter growth in recent years. The increase in real GDP largely reflected a moderate growth in … [Read more...] about Business Indicators: June 2018

Business Indicators: May 2018

May 1, 2018 By Stephen Miller Leave a Comment

Business Indicators: May 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 increased at an annual rate of 2.9 percent, up by 0.4 percentage point from the previous estimate. U.S. nonfarm employment added a disappointing 103,000 jobs in March after the large increase of 326,000 jobs in the last month. The unemployment rate remained at 4.1 percent for the … [Read more...] about Business Indicators: May 2018

Business Indicators: March 2018

March 1, 2018 By Stephen Miller Leave a Comment

Business Indicators: March 2018 - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 increased at an annual rate of 2.6 percent after two consecutive quarters of above 3 percent growth. Average hourly earnings growth accelerated to 2.9 percent year-over year, its largest gain since the Great Recession thanks to a tightening labor market. Retail sales posted strong … [Read more...] about Business Indicators: March 2018

September 2017: Business Indicators

September 1, 2017 By Stephen Miller Leave a Comment

September 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2017 grew at a 2.6 percent annualized rate. Real GDP for the first quarter was revised downward to a 1.2 percent pace. Residential investment exhibited the largest decrease among the real GDP components for the second quarter, while consumer spending and business investment rebounded … [Read more...] about September 2017: Business Indicators

August 2017: Business Indicators

August 1, 2017 By Stephen Miller Leave a Comment

The “third” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2017 implied a 1.4 percent annualized rate of growth, 0.2 percentage point higher than the “second” estimate of 1.2 percent. U.S. nonfarm employment rebounded by adding an impressive 222,000 jobs in June. Moreover, the previous two months of job gains were revised upward. The unemployment … [Read more...] about August 2017: Business Indicators

July 2017: Business Indicators

July 1, 2017 By Stephen Miller Leave a Comment

July 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2017 grew at a 1.2 percent annualized rate, a half percentage point higher than the “first” estimate. The upward revision reflects larger gains in nonresidential fixed investment and personal consumption expenditure and smaller losses in state and local government spending. U.S. nonfarm … [Read more...] about July 2017: Business Indicators

June 2017: Business Indicators

June 1, 2017 By Stephen Miller Leave a Comment

June 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

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...] about June 2017: Business Indicators

May 2017: Business Indicators

May 1, 2017 By Stephen Miller Leave a Comment

May 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

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...] about May 2017: Business Indicators

April 2017: Business Indicators

April 1, 2017 By Jinju Lee Leave a Comment

April 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

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...] about April 2017: Business Indicators

March 2017: Business Indicators

March 1, 2017 By Jinju Lee Leave a Comment

March 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

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...] about March 2017: Business Indicators

February 2017: Business Indicators

February 1, 2017 By Stephen Miller Leave a Comment

February 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

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...] about February 2017: Business Indicators

January 2017: Business Indicators

January 1, 2017 By Stephen Miller Leave a Comment

January 2017: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

U.S. real gross domestic product (GDP) for the third quarter of 2016 grew at a 3.2 percent annualized rate instead of the 2.9 percent from the advanced estimate. The upward revision reflected higher consumer spending and net exports than previously reported, which were partly offset by smaller-than-expected fixed investment and state and local government spending. The … [Read more...] about January 2017: Business Indicators

December 2016: Business Indicators

December 1, 2016 By Steven M. Miller, PhD Leave a Comment

December 2016: Business Indicators - Includes status of U.S. Nevada, Las Vegas, and Reno economies.

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...] about December 2016: Business Indicators

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Nevada News & PR Wire

  • REMSA Reminds Nevadans to Save the Hearts they Love this February

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  • Nevada’s Safety Consultation and Training Section to dedicate April as Nevada Hispanic Safety Month

  • Nevada Housing Coalition to Host Inaugural Townhall Event in Reno on Wednesday, February 20

  • Nevada Rural Housing Authority Recognized as High Performer for 16 Consecutive Years by U.S. Department of Housing and Urban Development

  • Nevada Rural Housing Authority Hires Lena Frias as its New Director of Rental Services

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  • Jewish Nevada Promotes Sarah Small to Director of Young Leadership Development

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Nevada Business Calendar

  • HBRC Seminar Room (in the Wells Fargo Building)
    February 21, 2019 7:30 am

    Location: 112 S Water St, Henderson, NV 89015, USA

    More details...
  • Henderson Chamber to present business networking mixer
    February 28, 2019 5:00 pm

    Location: Strathmill Ave, Henderson, NV 89044, USA

    More details...
  • Mountain’s Edge Community Garage Sale to Be Held March 2
    March 2, 2019 8:00 am

    Location: 9275 S Buffalo Dr, Las Vegas, NV 89178, USA

    More details...
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