Monthly Archives: August 2014

NV Weekly Wage Historical High Means Little in Purchasing Power

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Nevada’s weekly wages for the first quarter of 2014 were $867, which is the highest first quarter reading on record, according to a press release late last week from the Nevada Department of Employment, Training and Rehabilitation (DETR). The 2.7 percent gain from last year’s first quarter reading represents the third strongest gain during the… Read more »

Nevada Ballot Question 3 Analysis

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Question 3 on Nevada’s statewide ballot in November will set before voters a tax initiative that would impose a two percent margin tax on certain business entities. The consultant team of RCG Economics and economists Dr. Alan Schlottmann and Eugenia Larmore were asked by the Coalition to Defeat the Margin Tax Initiative to conduct an analysis… Read more »

Nevada Jobless Rates Vary Widely Between Demographic Groups

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Our recent post on the U-6 vs. official/headline U-3 unemployment rates was intended to add depth to the data, but there are more ways than one to skin the context cat.  For example, Nevada’s job recovery has been uneven when viewed through the lens of how how different ethnic, age and gender groups have benefited…. Read more »

Nevada Jobless Trend (w/ Nifty Chart)

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Yesterday, we explained why the broader U-6 unemployment rate is an important measure of the labor market. Following is an RCG chart showing both the official (U-3) jobless rate and the broader U-6 rate in Nevada over the past five years. Our figures are rolling averages of the four quarters ending in each quarter on the y axis…. Read more »

Las Vegas Makes List of Lowest Private School Enrollment Numbers

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Las Vegas is among the U.S. cities with the lowest percentage of school-age children enrolled in private school, according to a new CityLab report. Nationally, 10% of school kids grades 1-12 attend private schools, but in Sin City it is just 5.5%, placing it fourth on the low enrollment list. Cities that round out the top 5 for… Read more »

What is the U-6 Unemployment Rate?

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During the recent recession and recovery, U-6, an alternative measure of unemployment issued by the Bureau of Labor Statistics, has been frequently cited in news stories. Reporters often refer to U-6, which includes several groups of workers in addition to the officially unemployed, as the “broad unemployment rate.” Prompted by a note from a reader,… Read more »

Another Low Ranking for Nevada Schools

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Nevada is ranked 47th in an assessment of public schools based on 12 metrics, according to a new report from Wallet Hub. The report also compares the quality rankings with the rankings of how much states spend on education. The results are so mixed that they can only be said to be inconclusive. Some states… Read more »

“The Venue” Breaks Ground in Downtown Las Vegas

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Trident Construction Corp. is building the 3-story, 36,000-square-foot Venue Las Vegas at 760 W. Fremont Street, across from the Downtown Container Park. Developer Victor Perillo held a groundbreaking ceremony earlier today, with Las Vegas Mayor Carolyn Goodman in attendance who called the project “needed” for downtown meeting and events. The building, designed by Novus Architecture, will feature… Read more »

Las Vegas Names David Bowers Public Works Director

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David N. Bowers today was promoted from city engineer to public works director for Las Vegas, Nev. He joined the city as a program manager in 2005. Bowers will oversee 250 employees and $80 million in annual infrastructure projects, while maintaining 1,258 miles of roadway, 1,640 miles of sanitary sewers and 330 miles of storm drain… Read more »