In The News: Center for Business and Economic Research
The parent companies of regional banks in Nevada tried to assuage client concerns after trading in their shares was temporarily halted several times on Monday as panic spread among investors after the collapse of two big banks.
Parent companies of regional banks in Nevada sought to quell customer concerns after their stocks were temporarily halted from trading several times Monday, as panic spread among investors following the fall of two large banks.
Total employment in Nevada rose to more than 1.5 million jobs in January, while the unemployment rate stayed the same at 5.5 percent, numbers that suggest a tight job market, according to the Nevada employment office.
Total employment in Nevada rose to more than 1.5 million jobs in January, while the unemployment rate stayed the same at 5.5 percent — figures that suggest a tight labor market, according to Nevada’s employment office.
More people and more Californians keep moving to Nevada every year, according to UNLV researchers. The data shows a continued influx of people in 2021 and 2022, despite higher mortgage rates and the start of an economic slump.
Even hospitality workers in the Entertainment Capital of the World are at times puzzled by a rise in requests for tip at the register, but restaurant and economic experts explain why the trend continues at small and large businesses alike.
For the past few months, the issue of mass layoffs has become increasingly widespread. There are indications that more people will be laid off during 2023. As reported by Layoffs.fyi, which tracks job cuts, last year tech companies collectively laid off 160,997 employees. The highest layoff rate was in January 2023 with about 84,400 employees losing their jobs.
Hawaii lawmakers are eyeing changes that could make a trip to Las Vegas more expensive for Islanders. The bill proposed by state senator Stanley Chang argues that Hawaii residents spend hundreds of millions of dollars in gambling in other places like Las Vegas, and in return, there’s no benefit to Hawaii.
There are projections of a looming national recession and yet Andrew Woods of UNLV’s Center for Business and Economic Research projects that Clark County’s population is projected to grow this year by 52,000 people.
Internet retailer TheDrop.com was founded in San Francisco in 2017, but CEO Matt Falcinelli knew from the start that when the time came to establish the streetwear company's headquarters, it couldn't be in California. The costs were too high to run a business. The company's initial revenue model was based on a percentage per transaction, and Falcinelli said he felt outside the Bay Area.
Online retailer TheDrop.com launched in San Francisco in 2017, but CEO Matt Falcinelli knew all along that when it was time to establish the streetwear company’s headquarters it couldn’t be in California. Costs were just too high to operate a business. The company’s initial revenue model was based on a percentage per transaction, and Falcinelli said it felt priced out of the Bay Area.
It took Nevada and the Strip only 11 months in 2022 to break their 2021 records for all-time gaming win, and industry experts remain confident in a strong 2023, despite ongoing concerns of a recession and lingering inflation in the economy.