recession

The Silver State maintained the highest private sector job growth in the United States through the first half of 2017, Nevada Gov. Brian Sandoval announced Friday.

Anyone who thinks the 2007 to 2014 economic downturn was a big deal, the 1929 to 1941 Great Recession was an economic tsunami. Most male high school graduates who had celebrated their 18th birthday enlisted in one of the branches of our armed forces. Why? Because there would be one less mouth to feed.

Nevada was hit hardest among the 50 states by the Great Recession of 2007-09 and was the slowest to recover. It was the last state to see its total employment levels return to pre-recession figures – even though our population growth had already resumed.

Since nearly everyone agrees that high employment is good, you’d think a public policy change that increases employment is something politicians would embrace. From experience, we’re skeptical, but we offer here evidence for just such a change: reforming state occupation licensing laws.

CARSON CITY — The sight of school buses outside Nevada’s seven State museums has become less common in the years since the Great Recession hit in 2007 as school districts dealing with tight budgets cut spending on field trips and their related transportation costs.

Small businesses in Nevada have rebounded sharply since recessionary lows gripped the state seven years ago with nearly 115,000 jobs added during the course of the recovery, according to the chief economist for the Nevada Department of Employment, Training and Rehabilitation.

Nevada's unemployment rate in September held steady from August at 4.9 percent, according to figures released Wednesday by the state's Department of Employment, Training and Rehabilitation.

Two recent news stories caught our attention, and they suggest some good news, but ...

First, the estimated growth rate of U.S. gross domestic product (GDP) – that is, the annual rate of growth for America’s economy – was revised upward to 3.1 percent for the second quarter of 2017.

Second, the Trump Administration has eliminated 16 regulations for every regulation it has implemented.

After serving 7 years and approaching the completion of 2 terms in office as Ward 1 Carson City Supervisor, Karen Abowd announced Friday that she will not seek another term.

Nevada Photo Source, founded by photographer Cathleen Allison in 2009, is changing its name to Nevada Momentum to more accurately reflect the diversity of its work.

CARSON CITY — As of the first quarter of 2017, Nevada has the fastest private sector job growth in the United States at 3.6 percent. The state has added 40,000 jobs relative to the first quarter of 2016.

Recently, James went to Portland, Oregon for a concert and to celebrate his 17th wedding anniversary with his lovely wife, Vicki.

One of the first things he noticed driving around the area was the traffic nightmare. After one miserable attempt to drive eight miles in an hour, it was time to put the car away and rely on public transportation. It was clean, on schedule, and very reasonable at five dollars per person for unlimited rides.

On June 30 Nevada ended its 2017 fiscal year, and we observed yet again one of the more annoying problems in state government: the annual last-minute spending frenzy.

CARSON CITY — May gaming win continued Nevada's recovery following the recession, posting a 3.5 percent increase to $991.6 million. Gaming ...

Nevada’s unemployment for May 2017 remained unchanged from April at a rate of 4.7 percent, according to figures released Wednesday by the state's Department of Employment, Training and Rehabilitation.

Job levels in Nevada are projected to exceed the pre-recession peak by 127,000 at the end of 2019, according a report presented Monday to Nevada’s Economic Forum by chief economist Bill Anderson for the Research and Analysis Bureau of the Department of Employment, Training and Rehabilitation.

The State of Nevada Housing Division has raised the household income limit for its Home Is Possible programs, making even more Nevadans eligible for down payment assistance. Since the programs started in 2014, the income limit has been $95,500. In keeping with Nevada’s rising incomes, the limit has been raised three percent to $98,500.

Nevada’s unemployment rate fell to a seasonally-adjusted 4.8 percent in March, down from 4.9 percent in the previous month and the lowest it has been since late 2007, according to figures released Tuesday by the state's Department of Employment, Training and Rehabilitation.

The Carson City Library is joining libraries around the state in petitioning the Legislature for a buffer against proposed federal cuts, which would cost Nevada libraries $3.5 million over the biennium.

In February, 10,278 initial claims for unemployment insurance benefits were filed in Nevada, a decline of 10 percent from February of last year when claims were 11,429, according to figures released Monday by the state's Department of Employment, Training and Rehabilitation.

Nevada recorded the fourth fastest growing private sector in the nation, with a 3.5 percent job growth rate during the first nine months of 2016, according to figures released Thursday by the state's Department of Employment, Training and Rehabilitation. Utah, Idaho, and Florida currently lead the nation.

CARSON CITY, NV— In Las Vegas, the jobless rate stands at 5.1 percent for January, while Reno/Sparks unemployment is below the statewide rate of 5 percent at just 4.7 percent. Carson City’s unemployment rate is 5.9 percent.

Unemployment for the first month of 2017 in Nevada fell to 5 percent, the lowest it has been since late 2007, according to figures released Wednesday by the state's Department of Employment, Training and Rehabilitation.

CARSON CITY — Initials claims for unemployment insurance increased by three percent in January compared to January 2016 claims, according to figures released Thursday by the Nevada Department of Employment, Training and Rehabilitation.

This is the eighth column in a series presenting findings and conclusions of Nevada’s 2016 Popular Annual Financial Report (PAFR), posted at controller.nv.gov. Here, we address critical problems facing economic growth in Nevada.

Nevada’s weekly wages during the third quarter of 2016 averaged $950, a gain of 10.2 percent from the previous year when weekly wages were $862, according to figures released Tuesday by the state's Department of Employment, Training and Rehabilitation.

Nevada’s annual unemployment rate for 2016 has been revised to 5.7 percent after initially reported as 5.8 percent. Additionally, during the revision process, the state added 41,000 jobs over the year, up from the previous estimate of 32,500, according to figures released Monday by the state's Department of Employment, Training and Rehabilitation.

This is the sixth column in a series presenting findings and conclusions of Nevada’s 2016 Popular Annual Financial Report (PAFR), posted at controller.nv.gov. Here, we address the economic outlook.

In Nevada’s 2015 PAFR, we proffered an economic outlook focused on the long term. We identified four long-term secular trends that have suppressed US economic growth over the last decade – thus explaining the “new normal.” By their nature, these trends will continue to retard growth for the foreseeable future absent significant changes in public policy.

What is the economic pulse for 2017? Wells Fargo Managing Director and Senior Economist Mark Vitner will be providing valuable insight into our economic future at the Carson City Chamber of Commerce luncheon open to the public on Tuesday, January 24 at the Gold Dust West.

Here is the 2017 State of the State presented by Nevada Gov. Brian Sandoval.

In December, 13,061 initial claims for unemployment insurance benefits were filed in Nevada, a decline of 10 percent from December of 2015. Following the expected seasonal pattern, claims levels rose from last month, though, this December’s total is the lowest for the month since 1994.