In The News: Center for Business and Economic Research
It is expected that with funds of 160 million dollars, 4,000 houses will be built.
It is expected that with funds of 160 million dollars, 4,000 houses will be built.
By 2040 alone, the population in Clark County is expected to grow by 698,000 residents, according to CBER’s research, pushing the local population past the 3 million mark.
According to a study by UNLV researchers, Southern Nevada’s population is expected to grow to an estimated 3.39 million by 2060.
Nevada carries a reputation as a one-horse state, relying mainly on the leisure and hospitality sector. For example, in 2019, accommodation and food services made up 26 percent of Nevada’s workforce. For many years, policymakers and analysts have argued that Nevada needed to diversify its economy like its neighbors Arizona and Utah. This notion has proven salient multiple times, such as during the 2008 Great Recession and the COVID-19 pandemic, when Nevada, and especially the Las Vegas metro area, became ground zero for a national economic slump.
Nevada carries a reputation as a one-horse state, relying mainly on the leisure and hospitality sector. For example, in 2019, accommodation and food services made up 26 percent of Nevada’s workforce. For many years, policymakers and analysts have argued that Nevada needed to diversify its economy like its neighbors Arizona and Utah. This notion has proven salient multiple times, such as during the 2008 Great Recession and the COVID-19 pandemic, when Nevada, and especially the Las Vegas metro area, became ground zero for a national economic slump.
A new forecast from UNLV’s Center for Business and Economic Research (CBER)shows substantial growth in Clark County’s population through 2060.
According to Nevada’s June job numbers, our state now has more than 1.4 million jobs, which is 3,000 higher than our previous peak in 2020.
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.
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.