In The News: Department of Economics
Daniel Carlson was visiting Las Vegas from Houston and was surprised by the food prices that greeted him at an Albertsons supermarket on Rainbow Boulevard last week.
Daniel Carlson was visiting Las Vegas from Houston and was shocked by the food prices that greeted him at an Albertsons grocery store on Rainbow Boulevard last week.
According to the latest reports from the Department of Employment, Training, and Rehabilitation (DETR), Nevada's job recovery remains strong, with 11,600 more people in the state's workforce than before the COVID pandemic.
As the Federal Reserve announced another ‘jumbo’ interest rate hike of .75 percent on Wednesday, many in Las Vegas shared their concerns about what this means for their money in the future.
According to the latest statistics from the Nevada Department of Employment, Training and Rehabilitation (DETR), nearly 1.5 million Nevadans are now in the workforce, and those ranks are expected to continue to grow.
Casinos, hotels, and golf courses top the list.
On this week’s Friday news round up, the team laments over some of our small city’s big problems. Lead producer Sonja Cho Swanson wonders how the demographics of our city could change, after reading a 51³Ô¹ÏºÚÁÏ study that says Las Vegas’ population will grow by over 1 million people by 2060.
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.
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.
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.