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Las Vegas : Industrial Snapshot - Q1 2013

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Las Vegas : Industrial Snapshot - Q1 2013

The U.S economy struggled through Q4 12 with GDP increasing by only 0.4% as cutbacks began in anticipation of the fiscal cliff and sequestration. The fiscal cliff came and went but sequestration remained, which caused some trepidation in the market. Nevada’s economy has lagged behind the overall U.S. economy but has been recovering faster. The 9.6% unemployment rate for Nevada represented a 2.2-percentage-point (pp) drop from a year ago, the largest percentage decrease in the nation. Total net jobs added in the last year amounted to 23,800 with 600 of those coming in February. Industrial related jobs remained fairly flat over the past year.

Source : Cushman & Wakefield

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