In The News: Center for Business and Economic Research
Natural beauty is in abundant supply in the Southwest Region states of Arizona, Nevada, New Mexico and Utah. The region is home to some of the most spectacular landscapes in the U.S., as well as 12 of the 63 national parks. Grand Canyon National Park in Arizona had 4.7 million visitors last year (No. 2 among all national parks) and is nearly 700 square miles larger than Rhode Island.
Prospective home buyers in recent years have seen unprecedented swings in the market – high demand during the COVID-19 pandemic increased prices. Now, higher interest rates are causing fewer people to put their homes on the market. But in some cities, hope is on the horizon for home buyers as more listings enter the market.
Southern Nevada will have to diversify its economy — particularly in the health care and manufacturing sectors — if it’s going to overcome labor shortages and support a rapidly growing population, according to data presented at the Spring Economic Outlook by UNLV’s Center for Business and Economic Research (CBER).
Like the rest of the economy, gaming was on a roll in 2019. It appeared set to continue into 2020. But as we all know, an infamous “black swan” showed up in the guise of a global pandemic. Again, like the rest of the economy, gaming came to a halt. It was a full stop with all casinos in the country closing in March. It wasn’t until May that some states permitted casinos to reopen with restrictions. It took the rest of 2020 for most of the nation’s gambling halls to reopen.
Economists at UNLV are loosening predictions of a recession in the next 12 months, while nationally many are expecting at least a mild recession beginning later this year — a sign that shows the uncertainty swirling around how the economy will perform.
Economists at UNLV are loosening predictions of a recession in the next 12 months, while nationally many are expecting at least a mild recession beginning later this year — a sign that shows the uncertainty swirling around how the economy will perform.
The latest earning reports from casino operators and tourism officials show strong earnings and visitation and convention attendance on an upward trajectory in Las Vegas.
There are nearly 1,200 miles of Union Pacific Railroad track carrying freight through Nevada, its rail cars loaded with everything from coal and chemicals to consumer goods.
There are nearly 1,200 miles of Union Pacific Railroad track carrying freight through Nevada, its rail cars loaded with everything from coal and chemicals to consumer goods.
In a market relying so heavily on the growth of sports, this initiative envisions itself as the center of sports sciences, business and innovation in Las Vegas. The UNLV Sports Innovation Initiative (SII), which calls itself, “The Hub of Innovation in the Global Sports Capital,” took time at a UFC-owned venue Wednesday to hammer home its mission.
Las Vegas resident Michael McCarthy used to visit casinos about five times a month, but now he only visits once a month for one reason: inflation.
Las Vegas resident Michael McCarthy used to visit casinos about five times a month, but now it’s down to once a month for one reason — inflation.