In The News: Center for Business and Economic Research

KVVU-TV: Fox 5

Even hospitality workers in the Entertainment Capital of the World are at times puzzled by a rise in requests for tip at the register, but restaurant and economic experts explain why the trend continues at small and large businesses alike.

Pissed Consumer

For the past few months, the issue of mass layoffs has become increasingly widespread. There are indications that more people will be laid off during 2023. As reported by Layoffs.fyi, which tracks job cuts, last year tech companies collectively laid off 160,997 employees. The highest layoff rate was in January 2023 with about 84,400 employees losing their jobs.

KVVU-TV: Fox 5

Hawaii lawmakers are eyeing changes that could make a trip to Las Vegas more expensive for Islanders. The bill proposed by state senator Stanley Chang argues that Hawaii residents spend hundreds of millions of dollars in gambling in other places like Las Vegas, and in return, there’s no benefit to Hawaii.

KNPR News

There are projections of a looming national recession and yet Andrew Woods of UNLV’s Center for Business and Economic Research projects that Clark County’s population is projected to grow this year by 52,000 people.

Las Vegas Review-Journal En Español

Internet retailer TheDrop.com was founded in San Francisco in 2017, but CEO Matt Falcinelli knew from the start that when the time came to establish the streetwear company's headquarters, it couldn't be in California. The costs were too high to run a business. The company's initial revenue model was based on a percentage per transaction, and Falcinelli said he felt outside the Bay Area.

Las Vegas Review Journal

Online retailer TheDrop.com launched in San Francisco in 2017, but CEO Matt Falcinelli knew all along that when it was time to establish the streetwear company’s headquarters it couldn’t be in California. Costs were just too high to operate a business. The company’s initial revenue model was based on a percentage per transaction, and Falcinelli said it felt priced out of the Bay Area.

CDC Gaming Reports

It took Nevada and the Strip only 11 months in 2022 to break their 2021 records for all-time gaming win, and industry experts remain confident in a strong 2023, despite ongoing concerns of a recession and lingering inflation in the economy.

Casino.org

Data confirms that the gaming industry, including Las Vegas-based casino-hotels, has been resilient in the face of high inflation this year. But some economists believe soaring consumer prices are finally pinching the US gaming mecca.

Desert Companion

"You’ll see guys sleeping under blankets, and they won’t move for a few hours. So, you go to check on them and you realize ‘Oh, he’s dead,’” says Santiago, his face drawn, as he sits with a small group of other men on the sidewalk outside Catholic Charities of Southern Nevada’s main campus. He’s describing what being unhoused is like in Las Vegas — a city with increasingly extreme temperatures because of climate change and a growing homeless population, exacerbated by pandemic-related evictions and a rising cost of living. This combination of factors is leading to a startling increase of deaths among the unhoused: According to reporting done by the Review-Journal, Clark County saw an 80 percent increase in heat-related fatalities among the homeless community from 2020 to 2021.

Desert Companion

"You’ll see guys sleeping under blankets, and they won’t move for a few hours. So, you go to check on them and you realize ‘Oh, he’s dead,’” says Santiago, his face drawn, as he sits with a small group of other men on the sidewalk outside Catholic Charities of Southern Nevada’s main campus. He’s describing what being unhoused is like in Las Vegas — a city with increasingly extreme temperatures because of climate change and a growing homeless population, exacerbated by pandemic-related evictions and a rising cost of living. This combination of factors is leading to a startling increase of deaths among the unhoused: According to reporting done by the Review-Journal, Clark County saw an 80 percent increase in heat-related fatalities among the homeless community from 2020 to 2021.

Desert Companion

"You’ll see guys sleeping under blankets, and they won’t move for a few hours. So, you go to check on them and you realize ‘Oh, he’s dead,’” says Santiago, his face drawn, as he sits with a small group of other men on the sidewalk outside Catholic Charities of Southern Nevada’s main campus. He’s describing what being unhoused is like in Las Vegas — a city with increasingly extreme temperatures because of climate change and a growing homeless population, exacerbated by pandemic-related evictions and a rising cost of living. This combination of factors is leading to a startling increase of deaths among the unhoused: According to reporting done by the Review-Journal, Clark County saw an 80 percent increase in heat-related fatalities among the homeless community from 2020 to 2021.

KVVU-TV: Fox 5

Millions of Americans have been tightening their wallets due to inflation, and Las Vegas researchers now have proof to show how it has affected tourism and visitor spending.