In The News: Department of Economics
Las Vegas, known for its vibrant hotels, casinos, and entertainment, has seen a downturn in tourism, influenced by a variety of factors.
Statistics from Las Vegas Metropolitan Police revealed 4,747 reported cases overall as of August 24 in their jurisdiction. That鈥檚 a 10.5 percent rise from the 4,297 reported cases during the same time last year.
The future of multifamily and workforce housing in Southern Nevada comes at a critical moment for the region where rapid growth has collided with the reality of limited land and rising demand for affordable housing.
The Southwest Valley has a new reason to celebrate as Costco opened its newest location, bringing hundreds of job opportunities to one of the fastest-growing areas in town.
The number of people arriving at Harry Reid International Airport in Las Vegas from Canada was down 65.6% in June compared to the same period in 2024. 86,698 people arrived during the month across Flair Airlines, Air Canada, and WestJet, down from 132,109 the previous year.
Real estate expert Nicholas Irwin breaks down the latest data and trends around default notices in Las Vegas. Find out what rising notices might mean for the local housing market and homeowners.
Over the past decade or so, various cities throughout the United States have developed legislation or policies geared toward regulating short-term rentals, a market which is dominated by San Francisco-based tech company Airbnb. Recently an appeals court in Dallas, Texas, rejected the city鈥檚 2023 ordinance to ban most short-term rentals located in single family zones. The Dallas Short-Term Rental Alliance argued that鈥攗nder Texas law鈥攖hey had a right to lease their properties.
One year after then-presidential candidate Donald Trump pledged at a Las Vegas rally to end taxes on tips, the proposal became reality through the megabill passed by House Republicans, potentially affecting thousands of Nevadans who work in the state鈥檚 hospitality industry.
For four years, Nevada鈥檚 staffing agencies were content with the status quo: a court order preventing the state from enforcing a 2021 labor law. On July 2, their dreams were dashed. That day, District Judge Lynne Jones dealt staffing agencies 鈥 which construction firms rely on for temporary workers 鈥 a critical blow by allowing the state to begin enforcing a law that could force builders to find their own temporary labor.
Experts note that cuts to services for people with disabilities are often the first to take place, but they鈥檙e vital for ensuring independence.
The gaming industry in Las Vegas, a major economic driver generating billions in revenue, is facing challenges as tourism numbers decline.
The 鈥淥ne Big Beautiful Bill鈥 signed by President Donald Trump earlier this month is likely to upend the food assistance program that serves 1 in 6 Nevadans, with expanded work requirements threatening thousands of recipients鈥 eligibility and the state expected to shoulder more of the program鈥檚 administrative costs.
