Posts Tagged ‘January’

Taxable Sales Post Modest But Broad 4.8 Percent Gain In January

By Sean Whaley | 4:14 pm March 29th, 2012

CARSON CITY – Nevada’s taxable sales climbed 4.8 percent in January to $3.15 billion, with increases in all major consumer categories except construction, the state Department of Taxation reported today.

It was the 19th month of taxable sales increases in Nevada and brought the increase for the fiscal year 2012 to date to 7.2 percent. Taxable sales increased by 6.1 percent in Washoe County and 3.5 percent in Clark County in January.

The biggest increases were seen in clothing and clothing accessory stores, up 12.8 percent; motor vehicle and parts dealers, up 8.1 percent; utilities, up 80.7 percent; bars and restaurants, up 2.4 percent; and merchant wholesalers-durable goods, up 8.2 percent.

Construction remained the weak link, down 17 percent in January over January 2011.

Bryan Wachter, director of government affairs for the Retail Association of Nevada, said the report provides more evidence that Nevada’s economy is on the mend. Nineteen months of increases is a great trend, not only for retailers but for the state as a whole, he said.

“We saw an increase in 15 of the 17 counties as well as in most categories,” Wachter said. “We’re not seeing sales tax increases in just general merchandise or just food, we’re seeing it across the board.

“We’ll be excited when construction can start matching those trends, but for now the fact that we’re posting gains in large purchases as well as small purchases – for instance we’re seeing gains in car purchases as well as general merchandise – that is something we feel is positive and a great trend moving forward,” he said.

The optimism is expected to carry forward through the spring.

The association earlier this week reported that Nevada consumers are projected to spend upwards of $290 million on holiday meals, gifts, candy, spring clothing and decorations, flowers and greeting cards to help celebrate the upcoming Easter holiday, which falls on April 8 this year.

Peeps. / Photo by Evan-Amos via Wikimedia Commons.

The annual Easter spending survey, commissioned by the National Retail Federation (NRF), reported an increase in average spending per person of 11 percent in 2012 ($145.28) compared to last year ($131.04). The NRF attributes the rise to both unseasonably warm weather conditions in many parts of the country and improving consumer confidence levels.

Mary Lau, president of the Retail Association of Nevada, noted that Easter falls more than two weeks earlier than it did last year.

“Because Easter falls on vastly different calendar dates every year, the Easter displays in stores are a good reminder to consumers that the holiday is approaching and that it is time to start preparing to celebrate with family and friends,” she said.

Audio clips:

Bryan Wachter, director of government affairs for the Retail Association of Nevada, says the January taxable sales increase was broad based:

032912Wachter4 :27 across the board.”

Wachter says until construction recovers, gains in small and large categories is a great trend:

032912Wachter2 :21 trend moving forward.”

Wachter says the association expects an increase in Easter discretionary purchases:

032912Wachter3 :30 excited about that.”


Nevada’s Unemployment Rate Falls To 12.7 Percent In January But Jobs Picture Remains Mixed

By Sean Whaley | 12:28 pm March 12th, 2012

CARSON CITY – Nevada’s jobless rate fell from a revised 13 percent in December to 12.7 percent in January, down from 13.8 percent a year ago and a peak of 14 percent in October 2010. The number of unemployed Nevadans remained relatively flat at 174,700, but is down 16,300 from the same month last year.

“Nevada continues to show signs of economic recovery, with slow but steady growth in many important areas” Gov. Brian Sandoval said in commenting on the report released by the state Department of Employment, Training and Rehabilitation (DETR). “I continue to be encouraged by the job creation in key sectors as we work to meet the challenge of creating 50,000 jobs by the end of 2014.”

The improvement in January is based on a revised unemployment rate of 13 percent in December. The rate was initially reported as 12.6 percent when the December rate was announced in January. The rate is seasonally adjusted.

The construction industry remains sluggish in Nevada. / Photo from the National Archives and Records Administration via Wikimedia Commons.

The report shows that changes in the unemployment rates in the state’s urban areas were mixed in January. In Las Vegas, the unemployment rate declined from 13.3 percent in December to 13.1 percent. Over-the-year, the rate is down by 1.3 percentage points.

In the state’s northern metro areas, the unemployment rate increased by six-tenths to 13 percent in the Reno-Sparks area and by seven-tenths to 13.5 percent in Carson City. Reno’s unemployment rate is down by 1.2 percentage points from the previous year and Carson City’s is down by one percentage point. The unemployment rate in the Elko area increased from 6.4 percent to 7.3 in January and is down three-tenths from the previous year.

“Employers added a seasonally adjusted 1,800 payroll jobs,” said Bill Anderson, chief economist for DETR. “It marks the 12th time in the past 13 months that employment has grown on a year-over-year basis. Nevada’s labor markets continued on a path of moderate improvement in January, but Nevada’s unemployment rate is 4.4 percentage points higher than the nation’s 8.3 percent.”

A broader measure of unemployment, which includes partially unemployed and discouraged workers, declined to 22.7 percent on average in 2011, down six-tenths of a percentage point from its previous reading.

“With the addition of 1,800 jobs in January, employment levels are up by 9,000 compared to a year ago, a 0.8 percent increase,” Anderson said. “Private sector employment continues to lead the way. Non-government employers added over 2,000 jobs in January, with the largest employment gains occurring in construction (+1,400), professional and business services (+1,000), and leisure and hospitality (+400).

“Although construction gained employment in January, year-over-year employment has been consistently negative for the past 63 months, or since November 2006,” he said. “On an over the year basis, construction is down 4,800 jobs or 8.1 percent.”

Anderson said many of Nevada’s important economic indicators continue to move into positive territory, hitting levels not seen since the start of the recession in December 2007.

He noted that taxable sales are up seven percent, marking its largest gain since 2005. Gaming win is up 3.7 percent, for its best showing since 2006. Las Vegas visitor volume is up 4.3 percent for all of 2011, marking its strongest gain in seven years.


Audio clips:

Bill Anderson with DETR says Nevada’s economic indicators are improving:

031212Anderson1 :31 trend right now.”

Anderson says signs of modest improvement began in late 2011:

031212Anderson2 :24 the jobless rate.”




GOP Chair Leaning Toward Early February Caucuses; Dem Chair Blasts Florida for Calendar Change

By Elizabeth Crum | 4:28 pm September 30th, 2011

State GOP chair Amy Tarkanian confirmed a short while ago that although discussions are ongoing, she is leaning towards holding Nevada’s presidential caucuses the first week of February. Tarkanian said she is just not sure she’s willing to be penalized and lose half the state’s delegates by scheduling prior to February 1, which is what Republican National Committee rules would require.

@RalstonFlash first Tweeted her position earlier in the day:

.@MrsT106: “It’s not fair that a bigger state can bully us in this manner.” But w/so few delegates, she frets NV will have no voice at all.

Tarkanian said the Nevada Republican Party executive committee will tonight have a conference call in order to weigh the pros and cons of giving up Nevada’s early caucus/third-in-line place in order to send all 28 of the party’s delegates to the presidential nominating convention in Tampa.

Tarkanian said she is not happy but could be satisfied to be “first in the West” position.

If Iowa moves its primary to January and the Nevada GOP chooses a February caucus date, it will have to reverse a provision binding the Nevada caucus date to the Saturday following the New Hampshire primary.

For the time being, Nevada’s GOP presidential caucus is scheduled for Feb. 18.

In reaction to Florida’s announcement today that they will be moving their Presidential Primary date to January 31st, Nevada State Democratic Party Chair Roberta Lange said in a statement, ”Florida’s announcement today risks the integrity and intent of the presidential nominating calendar and is a blatant violation of the rules agreed upon by the national committees of both parties.”

Update (4:29 p.m.):  From a press release from Amy Tarkanian/the Nevada GOP:

“Florida has thrown the primary and caucus system into upheaval with the decision to move their primary up to January 31st. It’s a disrespectful and counter-productive move. However, I am working closely with representatives of the other early states, Iowa, New Hampshire and South Carolina, for a positive resolution. The date of Nevada’s caucus might have to be moved up accordingly to a date yet to be determined. Still, even if the date changes, Nevada will remain the First in the West Presidential Caucus and our determination to achieve excellence and raise Nevada’s national profile remains unchanged.”

Update (5:01 p.m.): Here’s the GOP delegate chart for all the states.