Nevada's Chief Economist Predicts Modest Growth in 2013 - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Nevada's Chief Economist Predicts Modest Growth in 2013

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With so many mixed reports on our recovering economy it can be hard to make sense of where things stand.

I sat down with Nevada's Chief Economist Bill Anderson for my weekend show Face the State on Channel 2. I asked him what we can expect in 2013.

He said 2012 brought plenty of positive signs for the economy, but there was only modest growth.

He said he expects the same kind of growth in 2013.

"We think jobs will grow at roughly 15,000 jobs a year or so. We also think the unemployment rate will continue to track down. We're looking at the unemployment rate reaching about 10% looking out to about 2014."

Anderson said certain sectors, like hospitality, trade, transportation and health care have all been a catalyst for job growth, driving the unemployment rate down two percentage points from this time last year.

However, construction is still lagging and that's a huge problem.

Taxable sales have been up 27 consecutive months, along with gaming revenue and visitor volumes, but there is one thing Anderson said that is hold the economy back from full recovery.

"I think if you look at the things in the big picture nationally or globally, there's just so much uncertainty out there on a number of different fronts and I think that's holding a lot of people back."

To watch the entire interview, tune into Face the State here on Channel 2 this Saturday at 4:30am and 3:30pm. It also airs Sunday at 6:30am and 3pm.

Written by Chris Ciarlo

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