Southern Nevadans reacted to the Federal Reserve’s Wednesday announcement of the first interest rate cut in four years. The drop of half a percentage point will bring the key rate to 4.75%-5.00%, which will in turn influence credit cards, mortgage rates, and loans.

For a city like Las Vegas, which depends on immigrant labor across several industries, a mass deportation could hinder the local economy in a way similar to the pandemic, one expert said.

Recession fears are mounting in the United States after a weak jobs report triggered a stock market plunge not seen in years, but local economic analysts say Las Vegas residents shouldn't sound the alarm just yet.

Recession fears are on the rise in the U.S. on the heels of a weak jobs report that kicked off a stock market drop not seen in years, but local economic analysts say Las Vegas residents shouldn’t be ringing any alarm bells just yet.

When former President Donald Trump held a rally in Las Vegas in mid-June, he pledged to end federal taxation of tips. “Hotel workers and people that get tips, you’re going to be very happy because when I get to office, we are going to not charge taxes on tips,” he said. “We’re going to do that right away, first thing in office.”

UNLV research shows a decline from the pandemic surge of Californians moving to Nevada.

According to figures from the Las Vegas Realtors trade group, the median price for an existing home in Southern Nevada is $465,000, up 9% from the same time a year ago and nearing an all-time high of $482,000. As high as our home prices here seem, Stephen Miller, a professor of economics at UNLV, says homes are actually a bargain here compared to many other cities in the western United States.

Just as international migration soared in other states, it dropped precipitously in Nevada. Clark County, home to the tourist-magnet city of Las Vegas, saw a decrease of 58%, the biggest among counties where a half-million or more people live, Census Bureau figures show.