Vol. 2, No. 17
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July 1, 2005
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CRIMINAL DEFENSE |
COPYWRITING
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Nevada's Economy Remains Strong With Jobs Created, Sales Taxes Paid
Construction Numbers Continue Very Strong, Leading To Strong Sales Tax Revenues
In separate news releases the Department of Employment, Training, and Rehabilitation and the Department of Taxation have provided a clear picture of Nevada's very strong economy. According to Birgit Baker, director of Employment says there have been 75,300 new jobs created in the last year. Governor Kenny Guinn says that overall, Nevada's job growth rate is four times the national average.
Statewide, unemployment stands at four percent for May of this year. In Clark County the rate is 3.7 percent and in Washoe County the figure is 3.5 percent. These compare to California's rate of unemployment, 5.4 percent, and the country's, 5.1 percent.
With a strong new jobs market and virtually full employment, retail sales have soared during fiscal year 2004-2005. Statewide, sales taxes were up by 10.6 percent in April 2005 compared to a year ago. That computes to $275,099,053 of which, two percent is retained by the state. The remainder is distributed to school districts, counties, and cities in the Silver State.
Clark County led the state in sales tax collections, up 11.1 percent from a year ago, while Washoe County in the north recorded a sales tax gain of 5.9 percent. Douglas, Esmeralda, Mineral, and Pershing Counties had decreases in taxable sales for April of this year compared to April 2004.
Governor Kenny Guinn said, "The statewide taxable sales increase of 10.6 percent for April 2005 and the 14 percent increase for fiscal year, continue to demonstrate confidence in Nevada's economy and business climate.
During May of this year, according to figures released by the Department of Employment, 1,164,300 Nevadans held jobs, up 3.8 percent from May 2004. There were 44,900 unemployed during the period, down 7.8 percent from May 2004.
The unemployment figures were about static with April's numbers. The construction field accounted for 18,300 new jobs while the casino industry opened up 16,500 new positions. Government jobs increased from 141,400 in May 2004 to 146,500 this May, up 3.6 percent. It was city and county jobs leading the way. In Nevada, 16,500 people work for the federal government, 36,000 work for the state, and 94,000 work for cities and counties.
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