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It’s likely that Las Vegas will experience a small dip in tourism for the next couple of years, according to a group of economic researchers at ÐÔÊӽ紫ý.

Recent economic data suggests Nevada’s labor market is restructuring as workers move between jobs. And like the rest of the state, the Las Vegas metro area is also seeing high rates of churn — or the pace of workers moving between jobs.

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 ÐÔÊӽ紫ý 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.

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

Prices for almost everything has skyrocketed over the past year. We examine what the high cost of groceries, gas and more means for families and what the future of the Southern Nevada economy looks like.

Over two years into the pandemic and its recovery, we now face an entirely new set of facts in the macroeconomy as we face a cooling economy and possibly another recession. Previously, loose monetary and expansionary fiscal policies saved the day for many people. The support for government programs to aid unemployed workers and small businesses proved essential during the recovery process. But, now, policy makers must evaluate a completely changed situation. Labor markets are overheating and employers find it difficult to hire needed workers. Moreover, the inflation dragon, which had been chained up for decades, is on the loose and creating anxiety for consumers, workers, and financial markets.