The first estimate of U.S. real gross domestic product (GDP) for 2023Q3 had an annualized growth rate of 4.9 percent, a significant increase above recent quarters. Consumer spending soared, particularly in services such as housing, utilities, healthcare, financial services, insurance and food, as well as in goods, notably non-durable items like prescription drugs and … [Read more...] about Business Indicators
Washoe County
Business IndicatorsJuly 2022
The “second” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2022 shrank by 1.5 percent at an annual rate, revised down by 0.1 percent from the advance estimate. The revision reflected lower-than-expected private inventory and residential investments, which were partly offset by an upward revision in consumer spending. U.S. nonfarm employment … [Read more...] about Business Indicators
Business IndicatorsJune 2022
The “advance” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2022 unexpectedly fell by 1.4 percent at an annual rate, the first decline since the COVID pandemic recession. The decline largely reflected a decrease in government spending and a huge trade deficit caused by a drop in exports and a surge in imports. U.S. nonfarm employment posted a … [Read more...] about Business Indicators
Business IndicatorsMay 2022
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2021 expanded by 6.9 percent at an annual rate, which was revised down by 0.1 percent from the previous estimate. The revision mainly reflected downward revisions to consumer consumption and exports, which were partly offset by a larger private inventory investment than previously reported. … [Read more...] about Business Indicators
Business IndicatorsMarch 2022
The “advance” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2021 grew at a better-than-expected pace, up by 6.9 percent at an annual rate. As a result, real GDP increased by 5.7 percent in 2021, the strongest growth since 1984. The largerthan-expected growth in the fourth quarter was mainly boosted by a replenishment of inventories. Exports also … [Read more...] about Business Indicators
Business IndicatorsFebruary 2022
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2021 equaled 2.3 percent at an annual rate, which was revised up by 0.2 percent from the prior estimate. The revision largely reflected upward adjustments in consumer spending and private inventory investment. Overall, the lower growth rate in the third quarter was primarily caused by a … [Read more...] about Business Indicators
Business IndicatorsJanuary 2022
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2021 grew 2.1 percent at an annual rate, which was revised up by 0.1 percent from the previous estimate. The upward revision primarily reflected largerthan-expected consumer spending and private inventory investment. Overall, the disappointing growth in the third quarter largely reflected a … [Read more...] about Business Indicators
Business IndicatorsDecember 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2021 only increased 2 percent at an annual rate, much lower than expectations. The weaker-than-expected growth in the third quarter largely reflected a deceleration in consumer spending. U.S. nonfarm employment in October, however, experienced a rebound after two consecutive months of … [Read more...] about Business Indicators
Business IndicatorsOctober 2021
The “second” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2021 grew 6.6 percent at an annual rate, revised up slightly by 0.1 percent from the “advance” estimate. The strong growth in the second quarter largely reflected a strong surge in consumer spending, which was boosted by significant injections of federal relief money. The leisure and … [Read more...] about Business Indicators
A Place to Call HomeNevada’s Residential Housing Market
In southern Nevada, between 13,000 and 14,000 new home permits have been pulled in 2021, up 11 percent from 2020, said Nat Hodgson, CEO, Southern Nevada Home Builders Association (SNHBA). “We thought we were going to get about the same as last year, so an 11 percent increase when we were factoring zero is pretty good. We’re actually tracking over 14,000 right now, but I don’t … [Read more...] about A Place to Call Home
Business IndicatorsSeptember 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2021 grew strongly, but lower-than-expected, at an annual rate of 6.5 percent. As a result, the real GDP has now fully recovered from the COVID pandemic recession and surpassed its pre-pandemic peak. The strong growth largely reflected a 11.8 percent surge in consumer spending, which was … [Read more...] about Business Indicators
Around the StateAugust 2021
Henderson Supplements Water Smart Incentives The City of Henderson recently announced a supplement to Southern Nevada Water Authority’s (SNWA) Water Smart Landscape cash incentive. The supplement, valid for properties with large amounts of grass among public rights of way, will add $1.50 to SNWA’s already $1.50 per square foot rebate for conversions up to 40,000 square … [Read more...] about Around the State
Business IndicatorsJuly 2021
The “second” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 experienced a strong gain of 6.4 percent at an annual rate, remaining unchanged from the previous estimate. Downward revisions in net exports and private inventory investment offset upward revisions in consumer spending and nonresidential fixed investment. Overall, the strong recovery … [Read more...] about Business Indicators
Business IndicatorsJune 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 experienced a strong gain of 6.4 percent at an annual rate, bringing the gap from the pre-pandemic peak to within one percent. This strong recovery was boosted by a surge in consumer spending that probably incorporated the second and third stimulus checks. In addition, government … [Read more...] about Business Indicators
Power Poll 2021Everything has Changed
In the last year, there have been significant changes to nearly every aspect of daily life. It seems no one was unaffected by the COVID pandemic that swept the world. Activities that were once taken for granted have now been limited or, in some cases, are simply gone. From new technologies to accommodate work from home to mask mandates and supply shortages, everything has … [Read more...] about Power Poll 2021