The U.S. unemployment rate for May jumped 0.5 percent, rising to 5.5 percent. This jump sent a signal that economic conditions remained weak and future conditions would not improve quickly. This prospect sent currency traders scrambling to realign portfolios with fewer dollars. The declining dollar sent crude-oil prices up by more than $11, a one-day increase greater than oil … [Read more...] about July 2008: Business Indicators
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July 2008: Nevada Briefs
Piedmont Mining Company Obtains Funding Piedmont Mining Company recently received $480,500 of private funding. The funding was arranged and managed by IBK Capital Corp. of Toronto. The offering totaled 3,203,331 units, with each unit consisting of one share of common stock and one two-year warrant exercisable at $0.26 per share. Net of commissions, the company has received … [Read more...] about July 2008: Nevada Briefs
July 2008: Business Up Front
401(k) Participants Invest in Equities The average U.S. household invests about 55 percent of its 401(k) or other defined contribution plan assets in common stocks. Many Americans are investing all or nothing in equities, due to a host of factors, including education level and marital status, according to a new analysis of government data by Watson Wyatt Worldwide, a … [Read more...] about July 2008: Business Up Front
Retail Market Summary: 1st Quarter 2008
Las Vegas According to the Nevada Department of Employment, Training and Rehabilitation, 101,500 retail jobs were recorded in March 2008 in Clark County, an increase of 3.5 percent, from March 2007. During this 12-month period, the largest contribution came from the General Merchandise & Clothing sector, with 3,000 new jobs added; followed by the Food & Beverage Stores … [Read more...] about Retail Market Summary: 1st Quarter 2008
July 2008: Face to Face
Pamela Hollister Owner The PEOPLE Process Las Vegas Number of Employees: 2 Years in Nevada: 18 Years with Firm: 20 Type of business: Personality-Type Trainings and Products Describe your leadership style: Analytical and innovative, recognizing ideas and possibilities. Biggest Business Challenge: Getting the word out about the company. Best Business … [Read more...] about July 2008: Face to Face
June 2008: Business Up Front
Fewer Small Business Owners Can Afford to Offer Healthcare A recent study from SurePayroll’s mid-month survey of small business owners shows that high costs are barring more small business owners from providing health insurance than ever. Here are some key findings from the survey: • More than half of small businesses surveyed are not offering health insurance … [Read more...] about June 2008: Business Up Front
Office Market Summary: 1st Quarter 2008
Las Vegas According to the Nevada Department of Employment, Training and Rehabilitation, 222,300 office-related jobs were recorded in March 2008, a decrease of 3,200 or -1.4 percent, from March 2007. In the first quarter of 2008, the Las Vegas Valley’s speculative office space vacancy rate increased by 1.2 percentage points to 13.4 percent. The Valley’s office inventory … [Read more...] about Office Market Summary: 1st Quarter 2008
June 2008: Face to Face
Steve Conine President AccuStaff & Talent Framework Reno Number of Employees: 7 Years in Nevada: 14 Years with Firm: 6 Type of business: Staffing and Employment Consulting Describe your leadership style: I believe the power is in the individual. I try to train and encourage the results I am looking for without micromanaging or intimidating the … [Read more...] about June 2008: Face to Face
June 2008: Nevada Briefs
City of Sparks and Kiley Ranch Engage in Water Management Partnership In a cooperative agreement, the City of Sparks and Kiley Ranch Communities have joined forces to enhance water conservation in the community by signing the largest agreement by a single project for recycled water use to date. The agreement authorizes Kiley Ranch to reserve 553.32 acre-feet or 154 million … [Read more...] about June 2008: Nevada Briefs
June 2008: Business Indicators
There are more negatives than positives for the current monthly indicators. Both Reno (Washoe County) and Las Vegas (Clark County) continue to experience an economic slowdown. We find negative values for most of the same month year-ago percentage changes. Current indicators show that 8 of 9 for the Reno metro area and 7 of 9 for the Las Vegas metro area have weakened. Moreover, … [Read more...] about June 2008: Business Indicators
May 2008: Business Up Front
Possible Handout For Corporate Homebuilders Corporate homebuilders could receive billions of dollars in tax breaks under a provision of the Foreclosure Prevention Act currently pending in Congress, according to the recently released report by the Laborers’ International Union of North America (LIUNA). The Foreclosure Prevention Act is being held up as a way to help struggling … [Read more...] about May 2008: Business Up Front
Industrial Market Summary: 4th Quarter 2007
Las Vegas According to the Nevada Department of Employment, Training and Rehabilitation, 183,600 industrial-related jobs were recorded in December 2007, a net decrease of 5,300, or 2.8 percent, from December 2006. Construction lost 6,500 jobs, while manufacturing lost 700 jobs. The Las Vegas Valley’s speculative industrial vacancy rate increased to 6.1 percent in the fourth … [Read more...] about Industrial Market Summary: 4th Quarter 2007
What single change would most improve Nevada’s educational system?
Dr. Fred Maryanski, President, Nevada State College, Henderson Our largest employers must deliver the message to our school children that a good education is essential for advancement and success. It’s easy to get a job, but you need an education to have a career. Leslie Parraguirre, Owner/Founder, Colours, Inc., Las Vegas Partnerships like the Clark County Public … [Read more...] about What single change would most improve Nevada’s educational system?
May 2008: Business Indicators
We find no doubt that the U.S. and Nevada economies are in a slowdown and that economic performance should be sub-par for at least the first half of 2008. Some second-half improvement is expected with federal tax rebate checks giving households more money to spend. Economic weakness shows in the job numbers. U.S. job growth has turned negative since January. March’s U.S. … [Read more...] about May 2008: Business Indicators
April 2008: Business Indicators
There has been a wave of recession declarations coming on the heels of bad news in residential construction. The housing industry produced more than the market absorbed, creating an excess supply of housing units. As a result, U.S. new home starts are down 27.8 percent from the same month a year ago. Reno and Las Vegas have been caught up in the speculative housing behavior of … [Read more...] about April 2008: Business Indicators