The Center for Business and Economic Research
University of Nevada, Las Vegas
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The Center for Business and Economic Research University of Nevada, Las Vegas
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Construction jobs continue to trend downward, leaving a grim outlook for a major Southern Nevada economic sector. Having built too much, it will take time to occupy effectively what we have already constructed, delaying the recovery of the current recession.
R. Keith Schwer
| Date | CONSTRUCTION INDEX | 5-MONTH MOVING AVERAGE | CHANGE PREVIOUS PERIOD | CHANGE YEAR AGO |
| August-08 | 136.60 | 127.92 | -2.98% | -28.85% |
| September-08 | 116.52 | 118.60 | -7.29% | -35.39% |
| October-08 | 113.23 | 110.53 | -6.80% | -38.03% |
| November-08 | 97.43 | 98.83 | -10.59% | -40.27% |
| December-08 | 88.89 | 92.00 | -6.91% | -41.78% |
| January-09 | 78.08 | 87.58 | -4.81% | -31.41% |
| February-09 | 82.37 | 84.59 | -3.41% | -27.23% |
| March-09 | 91.12 | 82.80 | -2.11% | -30.69% |
| April-09 | 82.49 | 85.11 | 2.78% | -32.75% |
| May-09 | 79.96 | 84.66 | -0.52% | -32.95% |
| June-09 | 89.59 | 83.09 | -1.86% | -36.45% |
| July-09 | 80.15 | 83.23 | 0.18% | -36.87% |
| August-09 | 83.24 | 84.32 | 1.31% | -34.08% |
The CBER Construction Index for Clark County is a simple average of three series -- construction employment, residential units permitted, and commercial units permitted. The series base period is January 1995. A 5 month moving average, computed to reduce month-to-month variation, is also shown. The series is not seasonally adjusted, no stable seasonal patterns were found.
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