RENO, Nev. (KOLO) – The Metropolis of Reno has launched a brand new financial report for the Greatest Little Metropolis, exhibiting a steady financial system coupled with cautious client spending.
In line with a Metropolis of Reno memo, the labor market skilled modest development within the month of Might, with employment rising 1.4% over the 12 months.
The unemployment fee elevated barely, however reportedly remained low by historic requirements.
Tourism noticed a 12 months over 12 months improve in Might, however taxable gross sales in Washoe County fell in April with $1 billion reported, a lower of 13% 12 months over 12 months.
In the meantime, costs for brand new vehicles fell, whereas housing costs elevated.
The Metropolis says client confidence is beneath common, with individuals reporting considerations over tariffs, inflation and general costs.
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