In The News: Lee Business School
During this year’s Super Bowl in Las Vegas, fans were stunned to see hotel rates skyrocket, with budget properties charging ultraluxury prices. The following month, I received my own surprise: A night at some of the same lodgings on the Strip cost less than a stadium beer and pretzel.
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 University of Nevada, Las Vegas 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.
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Two days after Las Vegas Mayor Carolyn Goodman publicly communicated doubts about the plan to demolish the Tropicana Las Vegas and build a new stadium for the Oakland Athletics in its place, a longtime Tropicana employee expressed her sadness to be losing a home away from home.
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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.