In The News: Department of Economics
Nevada, the nation’s fastest growing state, is becoming older and more diverse, according to annual U.S. Census Bureau estimates released Wednesday night. Between 2010 and 2018, the Silver State saw its retirement-age population grow by more than 149,000 people, the data shows. Close to 1 in 6 Nevada residents are now age 65 or older.
Prices at Nevada gas pumps — the fourth-highest in the country — have been sliding lower and motorists could see them drop even more.
Even with Gov. Steve Sisolak signing legislation to increase the minimum wage and mandate that certain businesses provide paid sick leave, workers’ rights activists say the fight to improve the economic well-being of Nevadans is far from over.
Clark County would generate $108 million yearly if the commission imposed a quarter-cent sales tax to fund education and social services, as authorized by a new state law, county spokesman Erik Pappa said.
How’s the economy doing?
Better than you might expect, and worse than you might have hoped, according to the National Association of Business Economics.
The “advance” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2019 increased unexpectedly by 3.2 percent at an annualized rate. Although the growth rate marked its fastest first quarter increase since 2015, the overall real GDP growth included some temporary factors – reduced imports and higher private business inventories.
After more than a year of escalating trade tensions between the U.S. and China, tourist destinations are feeling the consequences.
As state legislators consider a bill to raise the minimum wage, economists, activists and low-wage workers have found themselves wondering if the legislation goes far enough, and if Nevada Democrats are blowing their opportunity to help working families.
Business is booming in Southern Nevada as Las Vegas sits among the top three metro areas for job creation in the country in January, according to a new report by Bloomberg.
As the Super Bowl week is well underway in Atlanta, many people are making comparisons between the current host city and Vegas.
Gov. Steve Sisolak wants to see bigger paychecks for low-wage workers. At Wednesday night’s State of the State address, Sisolak said he is committed to working with business, labor communities and the Legislature to raise Nevada’s minimum wage.
In the depths of the downturn, most analysts agreed: Almost no state was hit harder than Nevada.