Economic Development

Federal spending–Nevada’s rankings among the statesRead More

Nancy Brune

January 27th, 2015 -

Federal spending in Nevada, which amounts to 17.7 of the state’s Gross Domestic Product (GDP), is slightly below the national average of 19 percent, ranking the Silver State 30th among the 51 states and District of Columbia. Nevada ranks lower, however, in both the total amount and per capita Federal spending at 36th and 48th,…

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…

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 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,…

The Cost of an Uneducated WorkforceRead More

Nancy Brune

March 27th, 2014 -

The Guinn Center appeared yesterday on Ralston Reports to address, among other topics, Ralston’s question of the day: “Is a flawed business tax to fund education better than no tax at all?” Essentially, Ralston asked the Guinn Center and his viewers to weigh how the tax functions against what the tax is meant to do…

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