In The News: Center for Business and Economic Research

More than three million people will live in Nevada by 2060, and the Nevada Department of Transportation is planning for the surge of people on the roads.

The valley bracing for more people. We have now learned by 2060 a million more people are coming.

According to the latest statistics from the Nevada Department of Employment, Training and Rehabilitation (DETR), nearly 1.5 million Nevadans are now in the workforce, and those ranks are expected to continue to grow.
On this week’s Friday news round up, the team laments over some of our small city’s big problems. Lead producer Sonja Cho Swanson wonders how the demographics of our city could change, after reading a UNLV study that says Las Vegas’ population will grow by over 1 million people by 2060.
It is expected that with funds of 160 million dollars, 4,000 houses will be built.
It is expected that with funds of 160 million dollars, 4,000 houses will be built.

By 2040 alone, the population in Clark County is expected to grow by 698,000 residents, according to CBER’s research, pushing the local population past the 3 million mark.

According to a study by UNLV researchers, Southern Nevada’s population is expected to grow to an estimated 3.39 million by 2060.
Nevada carries a reputation as a one-horse state, relying mainly on the leisure and hospitality sector. For example, in 2019, accommodation and food services made up 26 percent of Nevada’s workforce. For many years, policymakers and analysts have argued that Nevada needed to diversify its economy like its neighbors Arizona and Utah. This notion has proven salient multiple times, such as during the 2008 Great Recession and the COVID-19 pandemic, when Nevada, and especially the Las Vegas metro area, became ground zero for a national economic slump.
Nevada carries a reputation as a one-horse state, relying mainly on the leisure and hospitality sector. For example, in 2019, accommodation and food services made up 26 percent of Nevada’s workforce. For many years, policymakers and analysts have argued that Nevada needed to diversify its economy like its neighbors Arizona and Utah. This notion has proven salient multiple times, such as during the 2008 Great Recession and the COVID-19 pandemic, when Nevada, and especially the Las Vegas metro area, became ground zero for a national economic slump.

A new forecast from UNLV’s Center for Business and Economic Research (CBER)shows substantial growth in Clark County’s population through 2060.

According to Nevada’s June job numbers, our state now has more than 1.4 million jobs, which is 3,000 higher than our previous peak in 2020.