The Nevada economy continues to show mixed signs of improvement, reports Cushman & Wakefield / Commerce Real Estate Solutions. Visitor volume was up in August compared to a year earlier, but total gaming revenues were lower. Taxable sales in July were up by 4.7% above a year earlier. From August to July, Nevada saw a gain of 10,000 jobs (0.9%) and declining labor force participation pushed the unemployment rate down to 13.3%. Nevada’s tourism, hospitality and gaming industries showed considerable improvement during the first half of 2011. The state’s economy is likely to show stronger gains with U.S. economic conditions continuing to improve in the second half of 2011. Nevada’s real estate and construction sectors are showing hopeful signs of improvement, too.For the full report, CLICK HERE
