In The News: Center for Business and Economic Research
Data confirms that the gaming industry, including Las Vegas-based casino-hotels, has been resilient in the face of high inflation this year. But some economists believe soaring consumer prices are finally pinching the US gaming mecca.
"You’ll see guys sleeping under blankets, and they won’t move for a few hours. So, you go to check on them and you realize ‘Oh, he’s dead,’” says Santiago, his face drawn, as he sits with a small group of other men on the sidewalk outside Catholic Charities of Southern Nevada’s main campus. He’s describing what being unhoused is like in Las Vegas — a city with increasingly extreme temperatures because of climate change and a growing homeless population, exacerbated by pandemic-related evictions and a rising cost of living. This combination of factors is leading to a startling increase of deaths among the unhoused: According to reporting done by the Review-Journal, Clark County saw an 80 percent increase in heat-related fatalities among the homeless community from 2020 to 2021.
"You’ll see guys sleeping under blankets, and they won’t move for a few hours. So, you go to check on them and you realize ‘Oh, he’s dead,’” says Santiago, his face drawn, as he sits with a small group of other men on the sidewalk outside Catholic Charities of Southern Nevada’s main campus. He’s describing what being unhoused is like in Las Vegas — a city with increasingly extreme temperatures because of climate change and a growing homeless population, exacerbated by pandemic-related evictions and a rising cost of living. This combination of factors is leading to a startling increase of deaths among the unhoused: According to reporting done by the Review-Journal, Clark County saw an 80 percent increase in heat-related fatalities among the homeless community from 2020 to 2021.
"You’ll see guys sleeping under blankets, and they won’t move for a few hours. So, you go to check on them and you realize ‘Oh, he’s dead,’” says Santiago, his face drawn, as he sits with a small group of other men on the sidewalk outside Catholic Charities of Southern Nevada’s main campus. He’s describing what being unhoused is like in Las Vegas — a city with increasingly extreme temperatures because of climate change and a growing homeless population, exacerbated by pandemic-related evictions and a rising cost of living. This combination of factors is leading to a startling increase of deaths among the unhoused: According to reporting done by the Review-Journal, Clark County saw an 80 percent increase in heat-related fatalities among the homeless community from 2020 to 2021.
Millions of Americans have been tightening their wallets due to inflation, and Las Vegas researchers now have proof to show how it has affected tourism and visitor spending.
Nevada had one of the highest unemployment rates in the nation in October amid a tight labor market and a shifting labor landscape, but local economists say not to sound the alarm.
A new report from UNLV indicates Southern Nevada is heading for a mild economic slowdown over the next year, but there's no recession in sight just yet.
The holiday rush is about to begin however many retailers are still looking for help.
Las Vegas is one of the most popular US destinations for Thanksgiving holiday travel, the AAA recently reported. It only ranks after Disneyworld and Disneyland.
Santa’s Wrap transforms into a Christmas-themed store every June. While the seasonal home decor and gifts shop in Las Vegas starts its holiday push earlier than traditional retailers, it’s finding that this year it’s right on time — thanks to inflation.
In recent months, markers of the current economic conditions have grown impossible to miss — “now hiring” signs fill storefront windows, hours may be abbreviated at your favorite restaurants and commercials advertise special discounts in the face of inflation.
The economy is one of the most important electoral issues in the mid-term elections in the United States, which take place on Tuesday. This applies especially to the states that were hit hardest when the corona pandemic hit, including Nevada.