In The News: Center for Business and Economic Research

Las Vegas Review Journal

Crowds have continued flocking to the The Bavarian beer hall, but underneath General Manager Michael Yi’s excitement is a concern other Las Vegas restaurateurs have reported in recent months — trouble finding workers to meet customer demand.

Travel Weekly

Recently released statistics show that March may have been an inflection point for Las Vegas amid the pandemic.

Casino.org

Las Vegas is facing a shortage of rental cars, like many other locations across the US. It comes after national rental companies sold off 30 to 40 percent — or maybe even more — of their fleets following the initial COVID-19 outbreak.

Casino.org

The Nevada Gaming Control Board (NGCB) has yet to release new details on gaming floor capacity and other COVID-19-related restrictions for the period starting next month. A tentative deadline is set for May 1.

Fox News

As more people get vaccinated against COVID-19, many are starting to feel safe enough to start traveling again. The Las Vegas Strip is already seeing that demand and hotels are needing to hire more staff, and fast.

KSNV-TV: News 3

Designer shoes, luxury bags and fine jewelry grace the walls of Max Pawn off Sahara.

Las Vegas Review Journal

Nevadans are optimistic about Las Vegas’ post-coronavirus future, but they believe a full economic recovery is going to take some time, according to a poll of likely Nevada voters.

Associated Press

Nevada’s entire congressional delegation, governor and several advocacy groups have lined up behind a bid for Congress to set aside vast federal lands in Clark County for conservation and recreation while freeing some for development around Las Vegas.

KLAS-TV: 8 News Now

U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.

Northern Nevada Business Weekly

Two months after the death of founder Sheldon Adelson, Las Vegas Sands has sold its Las Vegas Strip properties, ending an era that began with a long-ago imploded casino that was once home to the Rat Pack.

KLAS-TV: 8 News Now

As more people get vaccinated and COVID-19 cases decrease, you can already see the change in Las Vegas. We are on the road to recovery, but how long could it take?

Brookings

As the United States prepares for a COVID-19 recovery, policymakers need to understand why some cities and communities were more vulnerable to the pandemic’s economic consequences than others. In this paper, we consider the association between a city’s core industry, its economic susceptibility to the pandemic, and the recession’s racially disparate impact across six select metropolitan areas. We find that areas with economies that rely on the movement of people—like Las Vegas with tourism—faced substantially higher unemployment at the end of 2020 than cities with core industries based on the movement of information. Further, we find the hardest-hit areas have larger Hispanic or Latino communities, reflecting the demographic composition of workers in heavily impacted industries and susceptible areas. We conclude by recommending targeted federal policy to address the regions and communities most impacted by the COVID-19 recession.