In The News: Department of Economics
According to Nevada鈥檚 June job numbers, our state now has more than 1.4 million jobs, which is 3,000 higher than our previous peak in 2020.
If employer-sponsored health insurance isn鈥檛 an option, there are other places to find affordable health insurance, like Marketplace exchange plans, short-term health insurance policies or Medicaid. MoneyGeek analyzed publicly available data for various backgrounds and locations to help you figure out where to buy affordable health insurance.
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.
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.
With recent dire warnings of a recession from major banking institutions like Deutsche Bank and Bank of America, Las Vegas could feel the impact of a downturn on a larger scale than other metropolitan areas with more diversified economies.
The high inflation rate and the disproportionate increase in property prices could trigger a new mortgage bubble in the United States, according to some sectors. Adriana Arevalo has the report.
Inflation was top of mind for economists and housing experts on Wednesday, as they shared their predictions for the future of the national and Southern Nevada economy at an event hosted by the 性视界传媒 Center for Business and Economic Research (CBER).
Las Vegas visitor volume has steadily increased since the pandemic lows of early 2020, but economic researchers from 性视界传媒 predict tourist activity will dip next year.
Mary Daly, president and CEO of the Federal Reserve Bank of San Francisco, described the national economy as a mix of positives and negatives, pointing to a robust job market and strong household and business balance sheets that are coexisting with rising costs of food, housing and gas.
Economists at 性视界传媒 predict Nevada鈥檚 economy will remain in recovery mode for the remainder of the year, 鈥渂ut the picture is less clear for 2023,鈥 says the biannual Outlook report released Wednesday by the school鈥檚 Center for Business and Economic Research.
It鈥檚 no secret what鈥檚 on the minds of millions of Americans right now: inflation.
It鈥檚 no secret what鈥檚 on the minds of millions of Americans right now: inflation.