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 [...]
The RCG Employment Index’s 12-month moving average (“12MMA”) for Reno-Sparks held at 99 in July. The Index is up 1.3 points since July 2016. The Index has stalled less than 1 point away from the peak after 69 straight months in which it increased by either 0.1 or 0.2 points. Despite this pause, we [...]
With the exception of average weekly wages, which are down over last year on both a nominal and inflation-adjusted basis (“real”), Northern Nevada is trending positive. The RCG Employment Index’s 12-month moving average (“12MMA”) for Reno-Sparks rose to 99.0 in June. When compared to June 2016 the Index is up 1.4 points from 97.6. Our [...]
From Stat Pack co-publisher RCG Economics, here’s the latest on the economy in the northern region of the state. If you have any questions, email RCG Principal John Restrepo at jrestrepo@rcg1.com. Sign up to receive our Friday Fact Pack (which receives rave reviews from our readers for its winning combination of great information and humor) [...]
When compared to the February 2016 “headline” unemployment rate of 6.0%, this February’s rate was 1 full percentage-point lower. On the other hand, the average weekly wage (not adjusted for inflation) in the Reno-Sparks MSA continues slipping. February’s $4 drop in nominal wage to $795 was the 8th consecutive month it fell. When considered on [...]