Consumer spending in Nevada since the Great Recession ended five years ago is up just 3.5 percent, the weakest of any state. That’s according to a new annual government report that for the first time reveals consumer spending on a state-by-state basis. Arizona is second weakest at 6.2 percent. By contrast, spending jumped 28 percent in North Dakota, the largest gain nationwide, from 2010 through 2012 and was up 16 percent in Oklahoma. Both states are riding the oil and gas drilling boom.
The study is from the U.S. Bureau of Economic Analysis.
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