In The News: Department of Economics

Las Vegas Review Journal

Las Vegas-based startup Roots Homes wants to help millennials and Gen Z purchase a home by offering more flexibility than the years it takes to save money toward a down payment — using a method known as fractional homeownership.

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.

Telemundo Las Vegas

Some residents are now required to pay triple on their end-of-month bill.

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.

Telemundo Las Vegas

It is expected that in both modalities there will be a record.

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.

Las Vegas Review Journal

Nevada had one of the highest unemployment rates in the nation in October amid a tight labor market and a shifting labor landscape, but local economists say not to sound the alarm.

KLAS-TV: 8 News Now

The holiday rush is about to begin however many retailers are still looking for help.

Casino.org

Las Vegas is one of the most popular US destinations for Thanksgiving holiday travel, the AAA recently reported. It only ranks after Disneyworld and Disneyland.

Nevada Independent

In recent months, markers of the current economic conditions have grown impossible to miss — “now hiring” signs fill storefront windows, hours may be abbreviated at your favorite restaurants and commercials advertise special discounts in the face of inflation.