Monthly Archives: June 2015

June Jobs Report for Nevada

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ICYMI, our latest jobs report has all the (latest/May) data you could want on the jobs market in Nevada. A few highlights: Relative to May 2014, the Nevada economy added 41,500 jobs and the unemployment rate fell by 0.9 points. However, growth has not reached previous highs. Nevada YOY job growth peaked in September 1994 with… Read more »

Per Capita GDP Grew in 41 States in 2014

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In 2014, per capita GDP nationally was $54,307, with Alaska having the highest at $77,477 and Mississippi the lowest at $35,019, according to a new report from the PEW Center. Per capita GDP in the District of Columbia was higher than in any state at $175,253. Per capita GDP declined in Alaska, Arizona, Hawaii, Iowa,… Read more »

Real Estate Association: Las Vegas Median Home Prices Up in May

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Local home prices and sales stabilized in May while the housing supply remained tight, according to a real estate report released Tuesday by the Greater Las Vegas Association of REALTORS® (GLVAR). Highlights The median price of homes sold through GLVAR’s Multiple Listing Service (MLS) during May was $211,250, up 8.3% from $195,000 one year ago. The median price of local condominiums and… Read more »

Forecasted 2015 GDP Growth Rate Drops

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ICYMI, RCG principal John Restrepo is your eyes and ears vis a vis the June 2015 Outlook Survey results of the National Association for Business Economics (NABE) which was just released this morning. Highlights The NABE Outlook Survey panel’s median forecast for real GDP growth from the fourth quarter of 2014 to the fourth quarter of 2015 is… Read more »

Good Economists Won’t Let Numbers Lie

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By VEGAS INC staff (contact) As principal of RCG Economics in Las Vegas, John Restrepo directs the firm’s economic and financial consulting activities. With 34 years of experience analyzing regional economic and real estate trends, Restrepo frequently is sought to speak at business gatherings in Southern Nevada and often is a source for media outlets… Read more »