US Q1 GDP Revised Up to 2.1% as Nevada Leads Nation in 11-Month Job Growth
Updated
Updated · nevadabusiness.com · Aug 17
US Q1 GDP Revised Up to 2.1% as Nevada Leads Nation in 11-Month Job Growth
1 articles · Updated · nevadabusiness.com · Aug 17
Summary
U.S. real GDP grew at a 2.1% annualized rate in the third estimate for Q1 2026, revised up 0.5 percentage point from the second estimate.
June nonfarm payrolls rose 57,000—well below the 99,000 year-to-date monthly average—while unemployment edged down to 4.2%, signaling slower but continued labor-market expansion.
Nevada added 800 jobs in May and cut unemployment to 5.2%; over the 11 months through May, it led the nation in job-growth rate.
Consumer activity stayed firm in Nevada, with April taxable sales up 9.1% and gaming revenue up 7.4%, even as air passenger traffic fell 7.5% partly after Spirit Airlines' bankruptcy.
Local trends were mixed: Clark County gained 1,000 jobs and saw visitor volume rise 2.0%, but residential permits plunged 53.7%, while Washoe County lost 600 jobs despite strong sales and tourism gains.