Reno-Sparks job growth, on a 12-month moving average (MMA), dropped 0.2 points in June, from 4.8 percent to 4.6 percent. The rate of growth is down 0.1 points from the 4.7 percent recorded in a year ago. The 12MMA “headline” unemployment rate fell 0.1 points to 3.9 percent in June. When compared to the June [...]
Here are the latest updates to the Northern Nevada economic metrics we track, so you don’t have to. As always, feel free to reach out to John Restrepo at jrestrepo@rcg1.com with questions. In May 2018 the RCG Employment Index’s 12-month moving average (“12MMA”) for Reno-Sparks ticked up to 99.4. While the Index has been increasing [...]
This month’s Northern Nevada numbers show minor upticks or dips in a healthy regional economy. The latest stats show that 7.3 percent of the Reno-Spark’s MSA’s payroll job base is in the construction industry; the August 2006 peak (on a 12MMA basis) was 11.1 percent of all jobs. Also of note: Washoe County’s economy continues [...]
The March 2018 numbers for Northern Nevada are mostly trending green. Notably, of the 85,233 construction jobs in Nevada, 16,942 (20 percent) of those jobs were in the Reno-Sparks MSA (12-month moving average/MMA). This is a jump of 12.1 percent from the 15,117 jobs reported in March 2017, driven by strong residential and commercial real [...]
As of February 2018, the RCG Employment Index’s 12-month moving average (“12MMA”) for Reno-Sparks increased to 99.3, just 0.5 points off January 2010’s record high. The pace at which Index had been rising has slowed considerably; this marks the first time it has budged in five months. What does this mean? The RCG Index compares [...]
Without further ado, here are all the latest metrics from Northern Nevada. Stat Pack copublisher and RCG Economics Principal John Restrepo is available to answer questions at jrestrepo@rcg1.com. In December the RCG Employment Index’s 12-month moving average (“12MMA”) for Reno-Sparks remained at 99.2 for the 3rd month in a row. At just 0.6 points away [...]
Here are all the latest stats and graphs for the Reno-Sparks MSA. As always, don’t hesitate to contact RCG Economics chief John Restrepo at jrestrepo@rcg1.com with questions or comments. The RCG Employment Index’s 12-month moving average (“12MMA”) for Reno-Sparks remained at 99.2 in November, establishing a trend over the past 6 months whereby the Index [...]
Following is all the latest data for the Reno-Sparks Metro Statistical Area. Don’t hesitate to email Stat Pack co-publisher and RCG Economics Principal John Restrepo with questions at jrestrep0@rcg1.com. The RCG Employment Index’s 12-month moving average (“12MMA”) for Reno-Sparks stalled at 99.1 in September, halting its general upward trend. The pace at which the Index [...]
Positive economic growth for the state’s Big Two! Both business and GDP growth are relatively strong for Clark and Washoe Counties when compared to counties in the rest of the country, according to a recent report by SmartAsset. The analysis measures and compares five key economic metrics: incoming investment, business growth, GDP growth, new building permits, [...]
Most economic metrics in Northern Nevada remain positive, but job growth continues to trend downward, falling 0.3 points in August from 3.9% to 3.6%. The rate of growth is 1.2 points lower than that recorded in August 2016. All the latest numbers are below. The FY2017 final results for EDAWN-assisted new jobs were adjusted to [...]