Posts Tagged: nevada

Nevada Unemployment Hits 4.7% in June

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According to the state Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, job growth was 2.8 percent, well above the national rate of 1.6 percent. June marks the 90th straight month of year-over-year job gains in Nevada, with job growth continuing to hover near 40,000 jobs per month on a year-over-year basis. Manufacturing, construction,… Read more »

Southern Nevada Housing Prices Dip Slightly in june

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A housing market report released today by the Greater Las Vegas Association of REALTORS® (GLVAR) reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during June was $290,000. That’s down 1.7 percent from the previous month, but up 12.7 percent from $257,373 in June of 2017. The… Read more »

Nevada Posts Strong Gaming Win in May

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,044,079,556 for the month of May 2018. This amounts to a 5.29% increase compared to May 2017, when licensees reported a gaming win of $991,594,550. For the fiscal year (July 1, 2017 through May 31, 2018), gaming win has increased 3.14%. In Southern Nevada, the… Read more »

Job Growth Steady, Unemployment Down in May

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According to Nevada’s Department of Employment, Training and Rehabilitation’s (DETR) May 2018 economic report, job growth was 2.8 percent in May, well above the national rate of 1.6 percent, as 37,600 unadjusted jobs were added from the same month a year ago. 2017 data shows Nevada has regained the title of the fastest growing private sector in the United States, with the addition of 38,600 jobs relative to 2016,… Read more »

Most of Nevada Posts Big Gaming Win in April

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $953,698,753 for the month of April 2018. This amounts to a 7.57% increase compared to April 2017, when licensees reported a gaming win of $886,561,704. For the fiscal year (July 1, 2017 through April 30, 2018), gaming win has increased 2.91%. In Southern Nevada, the… Read more »

Nevada Unemployment Steady, Trust Fund Hits Record

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Nevada’s Unemployment Insurance (UI) Trust Fund ended the first quarter with a record balance of $1.3 billion. The number of employers in Nevada’s UI system also reached an all-time high of 70,600 in the first quarter of 2018, according to the Department of Employment, Training and Rehabilitation’s (DETR) April 2018 economic report. These are positive indicators for… Read more »

Las Vegas Gaining on Other Metros in Exports

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The latest Brookings Export Monitor is out, and it shows Las Vegas gaining on other major metropolitan areas over the last 15 years. In 2017, the city had real exports totaling $9 billion. That ranks Vegas 41st among the largest 100 metros, up from 48th in 2013. The share of exports in the city’s GDP… Read more »

Las Vegas Housing Crunch Raises April Prices

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Local home prices kept climbing through April as the local housing supply continued contracting, according to a report released by the Greater Las Vegas Association of REALTORS®(GLVAR). GLVAR reported that the median price for existing single-family homes sold in Southern Nevada during April through its Multiple Listing Service (MLS) was $289,000. That’s up 3.2 percent… Read more »

Strip Surge Continues, Gaming Win Up in March

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,024,316,755 for the month of March 2018 according to the state’s Gaming Control Board. This amounts to a 3.37% increase compared to March 2017, when licensees reported a gaming win of $990,969,814. For the fiscal year (July 1, 2017 through March 31, 2018), gaming win… Read more »

Nevada’s Middle Class Majority in Decline

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The U.S. middle class is slowly clawing its way back, according to new research compiled by Pew. Every state but Wyoming saw a decrease in their middle class— defined as earning between two-thirds and twice the state’s size-adjusted median household income — between 2000 and 2013. But 38 states saw a their share of middle… Read more »