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As Las Vegas evolved from a desert outpost into a global hub, UNLV’s Center for Business and Economic Research has offered insights into the region’s growth.
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Nevada job seekers face challenges re-entering the workforce in 2024.
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Since the early 2000s, a fall in employment in the state of Nevada has preceded a broader U.S. recession. It makes sense why—the economic fortunes of Las Vegas, which make up a big part of the state’s overall economy, are intimately tied to consumers’ comfort with spending. Host Alex Ossola speaks with Andrew Woods, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, about what the state data shows now, and what it says about the health of the U.S. economy. This is part one of our four-part series on alternative economic indicators.

The Center for Business and Economic Research at UNLV estimates that the military has about 17,200 personnel stationed in Clark County. Federal defense spending is estimated to contribute $7 billion to the Nevada economy in 2017 dollars, according to the researchers.

Businesses have lost confidence in the economy, according to a UNLV report that will be released publicly next week. The dramatic decline in confidence happened quickly, plunging since a recent survey last quarter, and has reached depths that haven’t been seen in more than a decade, according to Andrew Woods, director of UNLV’s Center for Business and Economic Research.
Mention Las Vegas to just about anyone, and images of the Strip with its bright lights, casinos, and unmatched energy likely come to mind. But beneath the shine, Las Vegas isn’t having its best moment. Although it might not be obvious to the average visitor, the city has been quietly battling a slowdown.
Mention Las Vegas to just about anyone, and images of the Strip with its bright lights, casinos, and unmatched energy likely come to mind. But beneath the shine, Las Vegas isn’t having its best moment. Although it might not be obvious to the average visitor, the city has been quietly battling a slowdown.

The first icy storm of the season left a dusting of snow here Wednesday morning. As the gray shroud lifted with the sunrise, the timeworn exteriors of this quintessential Nevada town almost sparkled in the light as it peeked through parting clouds.
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