Monthly Archives: March 2017

Healthy Gain in February International Air Traffic

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The latest stats from McCarran Airport show a slight dip in arriving and departing passengers of 0.3% in February compared to the same month a year ago. However, the 2016 leap year may be skewing the numbers downward a bit – with two months in the bag passenger volume for 2017 YTD is up 1.6%… Read more »

Nevada Gaming Win Continues Slide in February

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $945,597,573 for the month of February 2017, according to the state Gaming Control Board. This amounts to a 4.48% decrease compared to February 2016, when licensees reported a gaming win of $989,909,589. For the fiscal year (July 1, 2016 through February 28, 2017), gaming win… Read more »

Top Economic Events for the Week of March 27th

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From Economic Calendar, some major US economic news set to drop this week:   1. US Trade Balance The US goods trade data will be released on Tuesday March 28th at 08.30 ET. The goods trade deficit for last month was much higher than expected at $69.2bn for January from $64.4bn the previous month, although… Read more »

Vegas Residents Can Rejoice Over Low HOA Fees

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By Jennifer Riner (NOTE: RCG is pleased to share this guest post, courtesy of our friends at Trulia. Enjoy!) Creating a comprehensive housing budget involves more than a mortgage and property tax estimate. Additional costs like utilities are universal, but what about homeowners’ association (HOA) fees? HOA dues are mandatory for the maintenance of a… Read more »

Nevada Among Leaders in February Job Gains

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The latest release from the Bureau of Labor Statistics shows Nevada’s payroll gains are among the top in the country from February 2016 to the same month in 2017. Nevada added 41,200 seasonally adjusted jobs over the last year, an increase of 3.2 percent. The only states to perform better were two Intermountain West neighbors:… Read more »

Reno Home Prices Hit New Recovery High In February 2017

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The Reno/Sparks Association of REALTORS has the latest compilation of existing home sales stats for Northern Nevada, and it’s largely good news. According to RSAR, the February median sale price of $320,000 was up 6% from January and up 10% from a year ago. This is the highest level since the housing market’s recovery began… Read more »

Las Vegas Mortgage Default Risk Remains Below US Average

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Good news! The latest update from UCLA’s Ziman Center for Real Estate shows Las Vegas in good shape on their Mortgage Default Risk Index (MDRI). The MDRI captures real-time household mortgage default risk by aggregating internet search queries such as “foreclosure help” and “mortgage help”. Chauvet, Gabriel, and Lutz (2016) find that the MDRI is… Read more »

Nevada’s Economy is Dependent on Low & Medium Skill Jobs

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A new set of fact sheets from the National Skills Coalition evaluates the “forgotten middle” labor sector in the US and each state. Here’s the 2015 breakdown for the nation and Nevada: Middle-skill jobs, which require education beyond high school but not a four-year degree, make up the largest part of the labor market in the… Read more »

Gallup: Nevada 2nd to Last in Employee Engagement

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As part of their State of the Workplace report, Gallup collected tracking data from January 2015 to October 2016 and created estimates of employee engagement. They found that 19% of Nevada workers are “actively disengaged” from their jobs – meaning they are resentful that their employment needs aren’t being met and are acting out –… Read more »

Las Vegas Wage Growth Strong, But Other Indicators Lagging

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First, the good news: According to the latest release by the US Bureau of Labor Statistics, Clark County saw wage growth of 12.2% between September 2015 and September 2016. This was the highest increase of any of the 344 largest counties for which BLS compiled statistics. The average wage increase for the United States over… Read more »