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Nevada Spending Hasn't Recovered Since Recession's End

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.
Copyright 2015 KNPR-FM. To see more, visit http://www.knpr.org/.

Jay Bartos joined Nevada Public Radio in 1993 to develop and manage the state’s first radio reading service for people unable to use standard printed material due to blindness or another disability. After the reading service was discontinued in 2011, he became the afternoon host on KNPR for ten years. Jay can now be heard on air on News 88.9 KNPR and Classical 89.7 KCNV throughout the week.