Monthly Archives: April 2017

Las Vegas Air Traffic Increases In March

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The latest passenger count from McCarran shows March 2017 air traffic increased 3.2% over the same month in 2016, driven by domestic flights and a bump in helicopter traffic as spring arrives. Year-to-date passenger volumes are up 2.2%. American Airlines traffic is down for March and the year, while United, Delta, and Spirit have all posted… Read more »

Gaming Win in Nevada Makes Strong Jump in March

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According to the latest release from the Nevada Gaming Control Board, Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $991,023,123 for the month of March 2017. This amounts to a 7.45% increase compared to March 2016, when licensees reported a gaming win of $922,329,184. For the fiscal year (July 1, 2016 through March… Read more »

Nevada Makes Top 5 For Arts & Culture Job Growth

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Nevada makes a big splash according to new statistics released by the Bureau of Economic Analysis. For the first time, their Arts and Cultural Production Satellite Account includes state-level estimates of employment and compensation. And for once, Nevada makes the top of a good list! Our state is fourth in the nation for growth in arts… Read more »

Nevada Headline Unemployment Down to 4.8%

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The latest release from the Nevada Department of Employment, Training, and Rehabilitation (DETR) indicates that the state’s unemployment rate fell to a seasonally-adjusted 4.8 percent in March, down from 4.9 percent in the previous month. Employment actually declined by a seasonally-adjusted 2,100 jobs from February, but increased by 38,000 compared to the previous March. Private… Read more »

Commercial Real Estate Supported 28,000 Nevada Jobs in 2016

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A new report by NAIOP highlights the economic impacts of commercial real estate – office, industrial, warehouse, and retail – throughout the United States. They found that commercial real estate supported 6.25 million American jobs and contributed $861 billion to U.S. GDP in 2016. The report has state by state breakdowns as well. Nevada saw… Read more »

Nevada’s Post-Recession Fiscal Trends

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The Nevada Legislature is now winding down, and with an upcoming meeting of the Economic Forum the state will know how much revenue to expect as it closes budgets for the next two years. Those in the state during the recession remember the massive cuts and modest fee increases used to staunch our budgetary bleeding… Read more »

Nevada’s Homeless Problem – Illustrated

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We recently stumbled across this new interactive map which uses visualizations to help understand homelessness in counties across the US. Every dot is 5 homeless people, and Clark County is packed with dots, but so is most of California. But when you shade the dots based on homeless population per capita, all of sudden Southern Nevada… Read more »

Economic Updates – Week of April 10, 2017

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Via Economic Calendar, a couple big happenings in US news during an otherwise slow week: Fed Chair Yellen speech Federal Reserve Chair Yellen is due to speak on Monday April 10th at 4:10 PM ET. The comments from Chair Yellen will be monitored very closely for hints of the Fed’s direction moving forward, although it… Read more »

Las Vegas Home Prices and Sales Continue Gains in March

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The recent trend of rising home prices and sales in Southern Nevada continued through March, according to a report released Friday by the Greater Las Vegas Association of REALTORS® (GLVAR). GLVAR reported the median price of existing single-family homes sold during March through its Multiple Listing Service (MLS) increased to $242,000. That was up 0.8 percent… Read more »

Top Economic Events for the Week of April 3

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From Economic Calendar, the top US Economic news coming out this week: 1. Federal Reserve FOMC minutes Minutes from the March FOMC meeting will be released on Wednesday April 5th at 14.00 ET. The FOMC voted to increase interest rates at the March meeting. 2. US ISM manufacturing index The US ISM manufacturing index will… Read more »