In The News: Center for Business and Economic Research
Nevada’s lowest-paid workers will receive a raise Friday, as the state’s minimum wage reaches about $10.50 an hour and comes against a backdrop of thousands of job openings offering much more to entice workers.
On July 1st, Nevada minimum wage workers will see a slight pay raise in their paychecks.
A prominent economist says that record-setting gasoline prices could impact travel to Las Vegas, especially those who drive from Southern California. But other factors, such as a rebound in conventions and increased numbers of foreign travelers, may help offset potential drops in visitor volume.
No state was walloped harder by the economic impact of the pandemic, and voters may take out their anger on Democrats.
Prices for almost everything has skyrocketed over the past year. We examine what the high cost of groceries, gas and more means for families and what the future of the Southern Nevada economy looks like.
Few cities were hit as hard by the pandemic as Las Vegas. The region’s economy - almost entirely dependent on tourism - ground to a halt during the peak of COVID-19. But as more and more people make their way back to Sin City, experts warn of a permanent dip in visitor volume compared to pre-pandemic levels.
Close to 100 Washington State motorists took advantage of this holiday weekend’s free gasoline giveaway at Snoqualmie Casino. The limited promotion took place as gasoline prices are setting record highs.
Over two years into the pandemic and its recovery, we now face an entirely new set of facts in the macroeconomy as we face a cooling economy and possibly another recession. Previously, loose monetary and expansionary fiscal policies saved the day for many people. The support for government programs to aid unemployed workers and small businesses proved essential during the recovery process. But, now, policy makers must evaluate a completely changed situation. Labor markets are overheating and employers find it difficult to hire needed workers. Moreover, the inflation dragon, which had been chained up for decades, is on the loose and creating anxiety for consumers, workers, and financial markets.
Over two years into the pandemic and its recovery, we now face an entirely new set of facts in the macroeconomy as we face a cooling economy and possibly another recession. Previously, loose monetary and expansionary fiscal policies saved the day for many people. The support for government programs to aid unemployed workers and small businesses proved essential during the recovery process. But, now, policy makers must evaluate a completely changed situation. Labor markets are overheating and employers find it difficult to hire needed workers. Moreover, the inflation dragon, which had been chained up for decades, is on the loose and creating anxiety for consumers, workers, and financial markets.
Las Vegas-bound casino visitors face among the highest gasoline prices in the US. This could impact the number of visitors and COVID recovery in the gambling capital.
Eliza Trowbridge was already concerned about high gas prices earlier this spring when she realized someone had damaged her car while trying to siphon gas from it.
With recent dire warnings of a recession from major banking institutions like Deutsche Bank and Bank of America, Las Vegas could feel the impact of a downturn on a larger scale than other metropolitan areas with more diversified economies.