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Calibrating the Nevada Economy
 
Data & Tools for Assessing Our State & Local Economies
  • Situation (continued):
    • While it is easier for people to focus on and understand local economic trends in terms of jobs and people, unless there is a sound understanding of the make-up of personal income, and an awareness of how each component has grown or declined in relative importance over time, one cannot gauge or appreciate the underlying character and complexion of growth and change within the local economy.
    • The income side of the coin not only brings into view earnings derived the workplace, but also incomes that result from people owning assets, including dividends, interest, rent; as well transfer payments, such as government pensions, food stamps and unemployment insurance.
    • Morever, looking at the income side of the coin brings into focus another phenomena of great and ever growing regional economic importance: the locational difference between where people work, and where they choose to live.
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