In The News: Lee Business School

With a 5.5 percent unemployment rate, Nevada still trails every other U.S. state. In Clark County, the rate is lower, at 4.9 percent, according to 2023 Census estimates. For ages 20 to 24 in Las Vegas, the unemployment rate is 8.2 percent. For ages 25-29, it’s 6.6 percent. Meanwhile, Nevada’s unemployment rate for educated residents has steadily declined in recent years, and the state’s hiring rate, 3.9 percent, beats most other states, suggesting a strong labor market.

Health care is poised to lead job growth in Clark County, according to the latest annual report from the UNLV’s The Center for Business and Economic Research.

Millionaires have been flocking to Las Vegas at unprecedented rates and buying up lavish properties, a new study has revealed. From 2019 to 2023, the number of millionaires moving to the Sin City metropolitan area has boomed by 166 percent, according to Rent Cafe, which crunched numbers from Census Bureau data.

The Molasky family late last month hosted the grand opening of their 16th senior affordable housing community, a 195-unit complex near Silverado Ranch with high-class amenities not usually provided on-site to people living on low or fixed incomes.

From legalizing medical cannabis sales in 2013 to recently opening cannabis consumption lounges, Nevada has been an early adopter of cannabis regulation. As a national and international leader in gaming, Nevada may be uniquely situated to lead the charge in integrating these two commercial activities.

From legalizing medical cannabis sales in 2013 to recently opening cannabis consumption lounges, Nevada has been an early adopter of cannabis regulation. As a national and international leader in gaming, Nevada may be uniquely situated to lead the charge in integrating these two commercial activities.

The best car insurance companies in Nevada are The General, Direct Auto, and National General, based on user ratings on WalletHub. Drivers in Nevada can save up to $3,469 per year just by comparing quotes and picking one of the best insurers in the state.

Pete Kelly, the used car manager at Jim Marsh Kia and Jim Marsh Chrysler Jeep in Las Vegas, hasn’t bought a used car for less than $20,000 at auction in over two years, and it’s not for lack of trying. Since the pandemic, he said, there are fewer options for used cars under $20,000 and he’s having to compete with national chains willing to accept slimmer profit margins.

Approximately 10,000 acres of prime land that could be developed are sitting vacant in Southern Nevada, according to a new study.

A cannabis dispensary might seem like an unlikely place to play mahjong, the Chinese tile game typically associated with older Asian and Jewish adults, but that’s where Leah Flacco showed up on a recent Wednesday evening in Manhattan.

Gov. Joe Lombardo made righting Nevada’s economy a focus of his gubernatorial campaign. Now, as he begins his quest for re-election in 2026, critics contend he has failed to fulfill two central promises – to make housing more affordable and to lower the unemployment rate.

The Federal Reserve voted June 18 to keep interest rates at its current of 4.25% to 4.5% range. Since then, Federal Reserve Chairman Jerome Powell has explained their decision making and what leads into a decision like this.