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Economists say the rising price of oil due to military conflict in Iran has impacts beyond driving up the cost of fuel.

As concerns grow over the United States involvement in Iran, so have the concerns of how the turmoil may impact local economies.

With tourism down 7.5% in Southern Nevada and visitors growing increasingly vocal about the cost of a Las Vegas vacation, some businesses are turning to nostalgia and old-school deals to lure customers back through their doors.

The Las Vegas Valley is better prepared now for an economic downturn than it has been in the past but is still relatively exposed because of a lack of economic diversity, according to one of ���ӽ紫ý’s top economists.

California’s population is dropping, according to the latest U.S. Census Bureau data. However, its impact on the Las Vegas Valley’s economy and population is a complicated one, according to one of ���ӽ紫ý’s top demographic experts.

When Las Vegas casinos closed their doors during the COVID-19 pandemic, doors opened for small businesses in Nevada. In fact, the state led the nation in post-pandemic small business growth, according to new analysis from ���ӽ紫ý’s Center for Business and Economic Research (CBER).

The softening is showing up in hotel pricing, flight schedules and paychecks — echoing what the Federal Reserve's survey and recent airline earnings calls have flagged: Higher-income travelers keep booking, while households feeling the pinch pull back.

It helps that Nevada is already active in all seven stages of that supply chain—from exploration and mining to manufacturing and recycling. According to a 2022 report by ���ӽ紫ý researchers, the state employs more than 9,000 across the entire process, including over 60% of the nation’s lithium-ion battery jobs. That number could soon surge, as the report estimates that the global battery industry will grow to $115 billion by 2030—a 422% increase from 2020.

The latest annual economic benefit projection is larger than the $1 billion figure that Gov. Wes Moore and other officials shared shortly after Sphere announced its plans to expand. But economists say economic impact estimates are often inflated.

Sponsored by ���ӽ紫ý’s Lee Business School, the Nevada Business Hall of Fame celebrates outstanding individuals who have shaped Nevada’s economic landscape and enriched its communities.

We’re still seeing long-term population momentum in Clark County. ���ӽ紫ý’s Center for Business and Economic Research estimates Clark County’s population was 2.42 million in 2024, and forecasts population growth of about 1.7 percent in both 2025 and 2026.

Overall, ���ӽ紫ý’s Lied Center for Real Estate reported in September that Las Vegas’ housing market was “largely unaffordable for much of the local population.”