Archive for August, 2014

Labor Day Musings: Are Nevada Colleges Meeting Future Workforce Needs?Read More

Nancy Brune

August 28th, 2014 -

Nevada’s Governor and Legislature have placed a high priority on diversifying Nevada’s economy with high technology industries to help grow the economy and minimize the impact of future recessions. This week, Ashima, a manufacturer of unmanned aerial vehicles, announced that it is planning to move its headquarters from California to Reno, Nevada. The company aims…

New State GDP Numbers Show Turning Points in Nevada’s EconomyRead More

Nancy Brune

August 25th, 2014 -

Another new release from the U.S. Bureau of Economic Analysis provides prototype statistics of quarterly gross domestic product (GDP) by state for the years 2005 through 2013. The numbers furnish a more complete picture of the ups and downs, and turning points, in economic growth at the state level. The statistics include both current dollar…

ACT Test Results Provide Insight into College Readiness of Nevada StudentsRead More

Nancy Brune

August 22nd, 2014 -

Introduction Nevada ranks 46th in the nation in the percentage of residents with a bachelor’s degree or higher (American Community Survey, 2012). Only 22.4 percent of Nevada’s population age 25 years and older has a bachelor’s degree or higher, compared to the U.S. average of 29.1 percent (see Figure 1). Higher levels of education are…

Is Nevada’s Unemployment Rate Higher Than We Think?Read More

Nancy Brune

August 20th, 2014 -

On August 15, 2014, the Nevada Department of Employment Training and Rehabilitation (DETR) announced that Nevada’s unemployment rate for July 2014 was 7.7 percent. The good news is that Nevada’s unemployment rate has been steadily declining since the high of 14.4 percent in 2010 (see Figure 1). However, the standard, official unemployment rate leaves out…

New Consumer Spending Data Show Devastating Effect of Great Recession on Nevada, but also Positive SignsRead More

Nancy Brune

August 14th, 2014 -

A new report from the U.S. Bureau of Economic Analysis shows that consumer spending in Nevada was deeply affected by the Great Recession. While this measure has improved in recent years, per capita consumer spending is still below pre-recession levels. Consumer spending is measured through an indicator called personal consumption expenditures (PCE). This data provides…

Nevada Earns Praise for State Revenue Forecasting PracticesRead More

Nancy Brune

August 12th, 2014 -

Forecasting revenue is the first step to crafting a new state budget. Nevada recently earned praise for its revenue forecasting practices in a new report by the Center for Budget and Policy Priorities (CBPP). This report argues that transparent and inclusive revenue forecasting processes can lead to a more democratic debate and greater fiscal discipline….

Douglas County Implements Innovative Priority Based BudgetingRead More

Nancy Brune

August 8th, 2014 -

In March 2014, Douglas County, Nevada won the Cashman Good Government Award for developing innovative budget solutions through priority based budgeting. As with many local governments in Nevada, Douglas County faced a significant structural deficit after the Great Recession. To address this deficit, Douglas County embarked on a priority-driven budget development process that included public…

Nevada Tops States in Delinquent DebtRead More

Nancy Brune

August 6th, 2014 -

While economic data show promising signs of recovery from the Great Recession throughout the country and in Nevada, a new research brief from the Urban Institute and Consumer Credit Research Institute provides another indicator of why the Silver State continues to lag in its efforts to rebound from those difficult times. The Numbers  The brief,…

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