Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024, which was mostly attributed to continued increases in consumer and government spending. Seasonally adjusted U.S. nonfarm employment increased by 228,000 jobs in March, driven largely by gains in health care and social assistance, leisure and hospitality, and … [Read more...] about Business Indicators
UNLV Center for Business and Economic Research (CBER)
Business IndicatorsJuly 2023
The second estimate of U.S. real gross domestic product (GDP) for 2023Q1 grew by an annualized 1.3 percent, revised up by 0.2 percent from the advance estimate reported in the previous month. The upward revision in real GDP primarily reflected a smaller decrease in business inventories, which mainly contributed to slower growth in real GDP for 2023Q1. Seasonally adjusted … [Read more...] about Business Indicators
Changes AheadA Look at Nevada’s Economic Forecast for 2023
A changing of the guard at the highest level of state government means a potential change in headwinds for the 2023 economic forecast. "You are going to have a Republican [in the] Governor's Mansion, a super majority in the Assembly but not in the Senate, even though the Senate and Assembly are both Democrat controlled," explained Cindy Creighton, president, Nevada … [Read more...] about Changes Ahead
Business IndicatorsNovember 2022
The third estimate of U.S. real gross domestic product (GDP) for the second quarter of 2022 remained down by 0.6 percent at an annual rate, unchanged from the second estimate. Overall, the decrease in real GDP in the second quarter largely reflected reduced private inventory investment and residential fixed investment, which was partly offset by increased consumer spending on … [Read more...] about Business Indicators
Business IndicatorsSeptember 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2021 grew strongly, but lower-than-expected, at an annual rate of 6.5 percent. As a result, the real GDP has now fully recovered from the COVID pandemic recession and surpassed its pre-pandemic peak. The strong growth largely reflected a 11.8 percent surge in consumer spending, which was … [Read more...] about Business Indicators
Business IndicatorsJune 2020
The “advance” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 fell by 4.8 percent at an annual rate, the steepest drop since 2008 Q4. The sharp decline reflected the nearly stalled economy due to the COVID-19 pandemic that started in mid-March as state governments issued stay-at-home orders. U.S. nonfarm employment experienced a record … [Read more...] about Business Indicators
Business IndicatorsNovember 2019
The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2019 increased by 2 percent at an annualized rate, unchanged from the “second” estimate. Overall, the slower real GDP growth in the second quarter compared to the first quarter mainly reflected weaker business investment (including inventory investment) and net exports, while strong … [Read more...] about Business Indicators
Business IndicatorsOctober 2019
The “second” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2019 grew by 2.0 percent at an annualized rate, down by 0.1 percentage point compared to the “advance” estimate of 2.1 percent. The overall economic picture of economic growth remained the same. Stronger consumer spending, which showed its fastest growth in nearly four years by rising by … [Read more...] about Business Indicators
Business IndicatorsMay 2019
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2018 was revised downward by 0.4 percentage points to 2.2 percent at an annualized rate compared to the “initial” estimate. The total nonfarm employment in January and February was revised up, which resulted an additional gain of 14,000 jobs than previously reported. Retail sales in … [Read more...] about Business Indicators
Business IndicatorsApril 2019
The “initial” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2018 produced an annual growth rate of 2.6 percent. Overall, the economy expanded by 2.9 percent in 2018, the strongest growth since 2015, while the trade deficit climbed to the highest level since the Great Recession. Average hourly earnings growth rebounded from 3.1 percent growth in … [Read more...] about Business Indicators
Business IndicatorsMarch 2019
The “third” estimate of the growth rate of U.S. real gross domestic product (GDP) for the third quarter of 2018 fell by 0.1 percent to an annual rate of 3.4 percent compared to the “second” estimate. The revision reflected smaller-than-expected personal consumption expenditure and net exports, which a larger-than-expected private inventory investment partly offset. The overall … [Read more...] about Business Indicators
Around the State: March 2016
Business Confidence Rebounds According to the UNLV Center for Business and Economic Research (CBER), the Southern Nevada business confidence index, which is tracked by the center, increased by 6.6 percent on a quarterly basis. This is a rebound from the previous three straight quarters of decline. VEA Earns Cornerstone Award from Pahrump Valley Chamber The Pahrump Valley … [Read more...] about Around the State: March 2016