In The News: Department of Economics
A UNLV economics professor released a report this week suggesting Las Vegas’ visitor volume, gaming revenue, and hotel occupancy will decline in 2025 and 2026 due to a softening of the nation’s economy.
The state of the economy and the inability for many to afford items like groceries played a key role in this year’s election. With the strains of the COVID-19 pandemic on the global supply chain, supply went down and demand went up drastically.
Millions of Americans can't afford to buy a home or rent a suitable apartment, making housing a central issue for voters in the upcoming presidential election.
Millions of Americans can’t afford to buy a home or rent a suitable apartment, making housing a central issue for voters in the upcoming presidential election. The biggest single reason homeownership is out of reach for many is there aren’t nearly enough homes for sale to balance out the market between buyers and sellers.
Nevada continues to see high unemployment numbers and locals across the valley are weighing in on the struggles they’ve seen.
With median home prices near an all-time high and a severe shortage of affordable units, local housing experts say Democratic presidential nominee Kamala Harris’ housing plan could be a good start to solving the problem.
The two leading presidential candidates and their surrogates during Vegas campaign stops have voiced support for ending taxes on tips. But the similar proposals as outlined by Vice President Kamala Harris and former President Donald Trump remain unlikely to be implemented, according to UNLV economist Stephen M. Miller.
Kim Ngan Bui, a pharmacy student at Roseman University of Health Sciences in Las Vegas, needed a way to make money once she realized an internship with limited hours wouldn’t suffice, and a remote, full-time job would take too much time away from her busy graduate school schedule. That’s when she turned to DoorDash.
Among those concerned about the climate, it’s become something of a self-evident truth that as people suffer more severe and more frequent extreme weather and grapple with global warming’s impact on their daily lives, they’ll come to understand the problem at a visceral level. As a result, they’ll be eager for action. In other words, many climate activists believe that even if advocates and academics can’t sway the hardened opinions of the dismissive, extreme weather can wake anyone up.
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.
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.
In Las Vegas, ridesharing apps like Uber and Lyft, and short-term rental apps like Airbnb have changed — really changed — the landscape for taxi companies and, perhaps, hotels. In July 2014, for instance, the Nevada Taxicab Authority said cab drivers gave more than 2 million rides to customers. In July of this year, that was down about 50% to around a million riders. A big question, though, is if things are changing back. And there’s some evidence indicating that it might be doing just that.