In The News: Center for Business and Economic Research
When President Biden flies into Nevada on Monday and to Arizona the following day, he’s likely to compliment the West’s natural beauty, pay homage to the unmatched political power of the Culinary Workers Union and nod to local Democratic elected officials. Another truth about his visit to the two Southwestern states may remain unspoken: Though together they are home to only about 3% of the U.S. population, Arizona and Nevada are expected to have an outsize influence on the outcome of the 2024 presidential race.
Nevada remains stuck at 5.3% unemployment despite job growth statistics that suggest there’s plenty of work out there. Why hasn’t the state’s unemployment rate returned to pre-pandemic levels, when it was around 3.6%? That was the lowest it had been since 1976, and it was roughly equal to the national average just before the COVID-19 lockdown four years ago.
Nevada remains stuck at 5.3% unemployment despite job growth statistics that suggest there’s plenty of work out there. Why hasn’t the state’s unemployment rate returned to pre-pandemic levels, when it was around 3.6%? That was the lowest it had been since 1976, and it was roughly equal to the national average just before the COVID-19 lockdown four years ago.
Southern Nevada’s economy is less diversified compared to other Mountain West metropolitan areas despite gains in key economic sectors over the past decade. The Nevada Governor’s Office of Economic Development (GOED) unveiled a study prepared by UNLV’s Brookings Mountain West, Center for Business and Economic Research (CBER) and Transportation Research Center that addresses key barriers and makes recommendations to strengthen and diversify the Southern Nevada economy.
Last month, the Super Bowl was held here in Las Vegas. The event had a significant economic impact on the Entertainment Capital of the World. Here to speak about that, as well as the state of the U.S. economy, is ҳ| 鶹ýӳ economics professor Stephen Miller. He is the Director of Research for the Center for Business and Economic Research at UNLV’s Lee Business School.
The Bitsize Business Breakfast Podcast goes on a discussion with Professor of Economics, Stephen Miller, regarding the inflation measure of 2.4% for January and the overall prospective future of the United States economy, especially with the election around the corner.
Restaurants across the valley are feeling the pain as fewer and fewer people are dining out.
The Super Bowl, the most anticipated sporting event in the United States, is held in Las Vegas. But how many millions is the Super Bowl expected to generate for the city of the game? And what other impacts can it have?
As the Super Bowl rolls into town, Las Vegas has completed its journey from Sin City to the sports capital of the US.
Las Vegas is doubling down on its new identity as “the Sports and Entertainment Capital of the World,” with emphasis on sports. In the last decade, Las Vegas has welcomed three major league and six minor league sports franchises. In less than eight years, we’ve added T-Mobile Arena, Las Vegas Ballpark, Allegiant Stadium and the Dollar Loan Center, with a Major League Baseball stadium on the way. And on the heels of hosting one of the most high-profile racing events in the world, Las Vegas is hosting Super Bowl 58 at Allegiant Stadium on February 11.
When the deadly coronavirus became a global pandemic in March 2020, indoor public spaces were shuttered and stay-at-home orders were issued to ensure health and safety. In a flash, Nevada saw its leisure and hospitality lifeblood quickly cut off.
When the deadly coronavirus became a global pandemic in March 2020, indoor public spaces were shuttered and stay-at-home orders were issued to ensure health and safety. In a flash, Nevada saw its leisure and hospitality lifeblood quickly cut off.
