Tag Archives: percent

Las Vegas airport traveler traffic up 2.7 percent in January


Steve Marcus A Southwest Airlines passenger jet removes from McCarran International Airport June 5, 2017. By

McCarran International Airport saw 3.77 million passengers go through its gates in January, a 2.7 percent boost from January 2017, the Clark County Department of Aviation reported today.

Southwest Airlines was the Las Vegas airport’s leading provider in January with 1.39 million guests, followed by American Airlines with 359,927 and Delta Air Lines with 317,110. The top worldwide carrier was Air Canada with 62,886 guests.

McCarran had a record 48.5 million passenger arrivals in departures in 2017.

Flu shot just 36 percent reliable, making bad year worse

Thursday, Feb. 15, 2018|11:08 a.m.

NEW YORK– The flu vaccine is doing a poor job securing older Americans and others versus the bug that’s triggering most health problems.

Preliminary figures launched Thursday suggest the vaccine is 36 percent effective overall in preventing flu illness severe enough to send out a client to the medical professional’s office.

There’s just been one other time in the last years when the flu vaccine did a worse task.

Many illnesses this winter season have actually been triggered by a nasty kind of influenza called Type A H3N2. The vaccine was only 25 percent reliable versus that type.

This kind of virus tends to cause more suffering and have been responsible for the worst current influenza seasons. But experts have actually wondered whether low vaccine efficiency is another factor for the remarkably serious season hitting the United States this winter.

Based upon these numbers, the answer is yes.

“The fact that the vaccine doesn’t work in addition to we would like is plainly a contributing element,” stated Dr. William Schaffner, a Vanderbilt University vaccine specialist.

The vaccine was somewhat effective in young kids, however it was nearly ineffective for older people, consisting of senior citizens who are most vulnerable. The quotes were published by the Centers for Illness Control and Avoidance.

The numbers are a snapshot taken in the middle of a frenzied flu season. They are based on fairly little numbers of people and they are thought about preliminary. Numbers might change as the season continues and more clients are added to the research study.

And experts state it’s still worth getting an influenza shot. It still offers some protection, it can minimize the disease’s intensity, keep individuals from the healthcare facility, and save lives. There are as many as 56,000 deaths connected to the flu throughout a bad year.

“Any kind of vaccine is better than none,” stated Scott Hensley, a University of Pennsylvania microbiologist who has led studies that raised crucial questions about the vaccine.

The efficiency estimates originated from the tracking of about 4,600 children and adult patients in five states. To make the effectiveness computations, researchers tracked who got the flu, and who among them had been vaccinated.

The vaccine supplied great protection– 67 percent reliable– against another typical sort of flu infection, Type A H1N1, which has not been seen much this winter. And it was 42 percent reliable versus Type B flu viruses.

Hensley and some other researchers state part of the problem is connected to how 85 percent of the country’s influenza vaccine dosages are made. Producers grow flu infections in chicken eggs. However the infections can alter in the eggs, and what emerges for usage in the vaccine is less effective in individuals.

The problem seems to be particular to H3N2 infections, Hensley stated.

US customer costs surged 1 percent in September

Monday, Oct. 30, 2017|6:22 a.m.

WASHINGTON– Consumers enhanced their costs by 1 percent in September, the biggest monthly gain in 8 years. The rise was led by strong sales of autos and other long lasting products.

The large jump in consumer spending was up from a tiny 0.1 percent gain in August and was the best showing considering that a boost of 1.3 percent in August 2009, the Commerce Department reported Monday. Earnings growth was likewise strong in September, rising by 0.4 percent as incomes and salaries climbed.

Consumer costs is closely kept track of due to the fact that it accounts for 70 percent of economic activity. The current result recommends that Americans were feeling progressively confident about the economy at the end of the 3rd quarter.

That need to boost growth in the final three months of the year. The general economy, as measured by the gross domestic product, grew at a solid 3 percent annual rate in the July-September quarter, regardless of the devastation from 2 typhoons. It was the first time in 3 years the economy posted back-to-back quarterly gains of 3 percent or much better.

The huge surge in spending in September was led by a 14.7 percent boost in costs for brand-new automobile, as motorists changed the approximated more than 300,000 automobiles ruined in the typhoons.

Customer confidence has actually strengthened by a Wall Street rally, which has pushed stocks to new highs. Economic experts stated spending would get additional support next year if Republicans have the ability to press their tax cut plan through Congress, and the cuts are made retroactive to the start of 2018.

“Many homes need to get the advantage of a decrease in taxes early in the New Year, but we will not know exactly what proportion of households will be net recipients of the Republican’s tax cuts up until the information of the strategy are launched this Wednesday,” stated Paul Ashworth, chief U.S. economic expert for Capital Economics.

A key inflation gauge closely followed by the Federal Reserve showed customer costs rose 1.6 percent in September compared to a year earlier, up from readings of just 1.4 percent the previous 3 months.

Fed authorities, who have raised rate of interest twice this year, will reunite on Tuesday and Wednesday. Nevertheless, experts expect them to postpone a third rate hike in an effort to guarantee that low inflation is rising and yearly cost gains are again approaching the Fed’s 2 percent target.

The 1.6 percent 12-month rise in costs was the strongest gain because a 1.7 percent boost in April. Core inflation, which excludes food and energy, remained stuck at an increase of 1.3 percent over the past 12 months, the same as August.

The 1 percent jump in customer spending showed a 3.2 percent advance in costs on resilient goods such as vehicles. Car sales were strong in September, posting the very first month-to-month gain of the year. Analysts said sales were assisted by purchases of replacement cars for automobiles harmed by the cyclones that strike Texas and Florida.

Sales of non-durable products such as clothes posted a 1.5 percent rise, while spending on services such as energy expenses and lease rose 0.5 percent.

With investing so strong, the individual saving rate dropped to 3.1 percent of after-tax earnings, down from 3.6 percent in August.

United States economy grew at 3 percent rate in July-September quarter


Mark Humphrey/ AP file In this Friday, Oct. 6, 2017, photo, employees construct an apartment and retail complex in Nashville, Tenn. On Friday, Oct. 27, 2017, the Commerce Department issues the first of 3 price quotes of how the U.S. economy carried out in the July-September quarter.

Friday, Oct. 27, 2017|6:50 a.m.

WASHINGTON– The U.S. economy, reinforced by service financial investment, grew at a solid annual rate of 3 percent in the 3rd quarter. It marks the very first time in three years that growth has struck at least 3 percent for two consecutive quarters.

The Commerce Department reported Friday that the July-September advance in the gdp– the country’s total output of items and services– followed a 3.1 percent rise in the second quarter. It was the strongest two-quarter showing because back-to-back gains of 4.6 percent and 5.2 percent in the second and 3rd quarters of 2014.

The economy accelerated this summertime despite the impact of cyclones Harvey and Irma, which lots of private economists believe shaved at least one-half percentage point off development.

The third quarter performance was particular to be mentioned by President Donald Trump, who pledged throughout in 2015’s campaign that his economic program would increase growth from the anemic 2.2 percent averages seen since the country emerged from the Great Economic crisis in mid-2009. Trump throughout the campaign stated his policies of tax cuts, deregulation and tougher enforcement of trade laws would accomplish growth of 4 percent or much better, though his very first spending plan jobs growth hitting 3 percent in the coming years.

Private financial experts believe even 3 percent yearly gains will be difficult to accomplish for an economy dealing with a slowdown in performance and an aging workforce.

Paul Ashworth, chief U.S. economic expert at Capital Economics, said the stronger-than-expected report showed that the hurricanes wound up having “little lasting effect on the economy.”

He stated he was trying to find development of 2.1 percent this year and presuming that the Trump administration achieves success in getting at least a modest tax cut step through Congress, growth in 2018 could accelerate to 2.5 percent. However he stated ongoing boosts in interest rates by the Federal Reserve will likely trim growth to just 1.5 percent in 2019.

Harvey made preliminary landfall in Texas on Aug. 25, and Irma struck Florida on Sept. 10. The federal government said while different activities from oil and gas refineries in Texas to farming in Florida were affected, it could not break out an estimate of just how much the hurricanes had decreased development.

Nevertheless, private economic experts have approximated that the storms sapped anywhere from one-half percentage indicate 1 portion point from development. Experts think much of the lost output will recover as rebuilding starts.

The 3 percent growth rate for 3rd quarter GDP and the 3.1 percent boost in the second quarter followed a much weaker 1.2 percent increase in the very first quarter.

In the third quarter, customer spending slowed somewhat to 2.4 percent from a sizzling 3.3 percent in the 2nd quarter. The slowdown was offset to some extent by a strong 8.6 percent gain in service investment in devices and an increase in company rebuilding of inventories, which added 0.7 percentage point to 3rd quarter development.

Other locations of the report revealed weakness. Government spending succumbed to a 3rd straight quarter, dropping 0.1 percent. Residential construction fell at a 6 percent rate following a 7.3 percent rate of decline in the second quarter. However trade included 0.4 portion point to growth as exports grew at a 2.3 percent rate while imports fell 0.8 percent.

Lots of experts believe growth in the current quarter will be available in around 2.7 percent.

Your House on Thursday gave approval to a Republican-proposed spending plan that would attend to $1.5 trillion in tax cuts over the next years. Administration officials have said the tax cuts will stimulate faster growth and the faster growth will remove much of the expense of the tax cuts. Democrats and numerous personal financial experts have challenged that forecast.

Nevada'' s newbie jobless claims down 15 percent

Tuesday, Oct. 24, 2017|9:31 a.m.

. The Nevada Department of Employment, Training and Rehabilitation states preliminary claims for joblessness insurance coverage advantages amounted to 9,068 in September in the state.

That figure, which was released Monday, is down 15 percent from last August. It is the lowest of any month because August 1998.

Preliminary claims are down 3 percent from September 2016, when they were 9,358. September marks the seasonal low point of the year. The total pattern, best represented by the 12-month average, is at a post-recession low of 11,083 claims monthly.

A preliminary claim represents the very first phase of declare unemployment benefits and is therefore most closely related to the variety of people who have actually just recently lost their jobs, not the general level of unemployment.

School District graduation rate hits a record 82.7 percent

Netflix raising US costs by 10 percent for a lot of popular strategy


Paul Sakuma/ AP Netflix headquarters in Los Gatos, Calif.

Thursday, Oct. 5, 2017|9:47 a.m.

SAN FRANCISCO– Netflix is raising the cost for its most popular U.S. video streaming strategy by 10 percent– a move targeted at generating more cash to outbid HBO, Amazon and other rivals for addictive shows such as “Complete stranger Things.”

The change revealed Thursday impacts the majority of Netflix’s 53 million U.S. subscribers.


Netflix will now charge $11 each month rather of $10 for a plan that consists of HD and enables people to concurrently enjoy programs on two various internet-connected devices.

The rate for another strategy that consists of ultra-high definition, or 4K, video, is going up by 17 percent, to $14 from $12 a month. A strategy that restricts customers to one screen at a time without high-definition will stay at $8 a month.

The increase will be the first in 2 years for Netflix, although it will not seem that way for millions of customers. That’s due to the fact that Netflix briefly froze its rates for long-time customers the last two times it raised its costs, delaying the most current increases till the 2nd half of in 2015 for them.

Netflix isn’t offering anybody a break this time around. It will start emailing alerts about the brand-new costs to impacted customers Oct. 19, providing 30 days to accept the greater rates, change to a more affordable plan or cancel the service.


The cost boost are being owned by Netflix’s desire to enhance its profits as it spends more money to fund a seriously acclaimed slate of original programs that consists of shows such as “Home of Cards,” “Orange Is The New Black,” and “The Crown,” in addition to “Complete stranger Things.”

Those series’ success assisted Netflix land more Emmy award nominations than any TV network besides HBO this year. It’s likewise the primary factor Netflix’s U.S. audience has nearly doubled given that the February 2013 launching of “House of Cards” started its growth into original programming.

But paying for unique TV series and films hasn’t been cheap. Netflix expects to spend $6 billion a year alone on shows this year, and the costs are likely to rise as it competes against streaming rivals such as Amazon, Hulu, YouTube and, possibly, Apple for the rights to future shows and films.

Both Amazon (at $99 each year, or about $8.25 monthly) and Hulu ($10 per month) now use lower rates than Netflix.


Netflix thinks its price rate is validated by current service improvements, such as a function that enables people to download programs onto phones or other devices to enjoy them offline.

RBC Capital Markets analyst Mark Mahaney thinks Netflix’s shows line-up is so compelling that the service could charge even higher rates and still maintain most of its audience. He predicted the upcoming rate increase will produce an extra $650 million in earnings next year.

However Netflix customers have actually rebelled against price increases in the past, most notably in 2011 when the business stopped bundling its streaming service with its DVD-by-mail service, resulting in rate increases of as much as 60 percent for consumers who desired both strategies. Netflix lost 600,000 subscribers and its stock price plummeted by 80 percent in the subsequent backlash. The business rebounded highly, though, propelling its stock from a split-adjusted low of $7.54 in 2012 to about $190 in Thursday’s midday trading as investors responded favorably to the higher costs, increasing the shares by 3 percent.

And Netflix blamed a temporary slowdown in customer development last year on the lifting of its cost freeze on long-time customers who chose to drop the service rather than pay a little more money.

Wedbush Securities analyst Michael Wedbush believes less than 10 percent of existing subscribers will cancel Netflix as rate rise again, however he anticipates it will be harder to draw in brand-new clients who will pick less expensive alternatives from Amazon or Hulu.

Nevada joblessness rate in August bounces as much as 4.9 percent

Wednesday, Sept. 13, 2017|4:29 p.m.

CARSON CITY– State authorities say growth in the labor force may be behind a slight increase in the Nevada statewide out of work rate in August, to 4.9 percent.

The Nevada Department of Work, Training and Rehabilitation stated Wednesday the uptick of one-tenth of a portion point given that July puts the joblessness figure back to February levels.

The jobless rate bottomed out at 4.7 percent in March, April and May.

State economist Expense Anderson notes the August figure is still more than half-a-percent below the 5.5 percent of a year ago.

Anderson states the state’s workforce has actually grown by more than 16,000 employees this calendar year.

Gov. Brian Sandoval states that recommends individuals see favorable task potential customers in Nevada.

Unemployment peaked in 2010, throughout the Great Economic crisis, at nearly 14 percent.