UNLV professor Stephen Miller said while the job market is recovering, there’s also restructuring that’s happening and extra positions to fill.

“Although we returned to the prior peak in employment, we’re still about 35,000 jobs short of the peak in leisure and hospitality,” Miller said.

https://www.8newsnow.com/news/local-news/keep-trying-to-get-that-job-college-grads-take-advantage-of-higher-job-numbers-in-nevada/

Stephen Miller, director of research at UNLV’s Center for Business and Economic Research, said the Fed is stuck “between the rock and the hard place,” as it works to bring down the inflation rate without causing too many job losses.

Miller likened the Fed’s situation to trying to land a plane on an aircraft carrier with a runway that is too short. The Fed must be precise to navigate a “soft landing” for the economy.

https://thenevadaindependent.com/article/road-to-recession-nevada-economists-weigh-different-possibilities-for-the-economys-future?fbclid=IwAR0SuS5LjDT7wqYFFZxb1M5IrLfHm1NAQ944l0cPzeG4zCNrL6Rv4wJEzSs

But Andrew Woods, the director of the UNLV Center for Business and Economic Research, said Nevada is an ideal location for the emerging industry.

“We like to follow the money,” he said. “We started seeing interest in companies coming to Nevada … 16 companies in some way involved in the lithium battery industry.”

https://knpr.org/knpr/2022-07/lithium-batteries-and-solar-energy-how-big-can-nevadas-energy-economy-get

Data from UNLV’s Center for Business and Economic Research shows the effect will be minimal. Only 0.9 percent of the state’s workers earn at or below the minimum wage. Louisiana leads the country in share of minimum wage workers at 3.2 percent, Director of Research Stephen Miller said via email.

https://www.reviewjournal.com/news/politics-and-government/nevada/new-nevada-minimum-wage-starts-today-but-inflation-taking-toll-2600729/

Dr. Stephen Miller, with the Center for Business and Economic Research at UNLV and a professor of economics, points out that minimum-wage workers make up less than one percent of Nevada’s workforce.

“In some ways, the minimum wage sets the floor, so when that goes up, that could tend to ratch up a few other wages up the line,” he said.

https://news3lv.com/news/local/minimum-wage-set-to-bump-up-in-nevada-july-1st

Stephen Miller, director of research at UNLV’s Center for Business and Economic Research, told Casino.org last week that airfares “are high at the moment.”

“But the bottom seems to drop out of air ticket prices in September,” Miller said. “Rather than visit Las Vegas in summer, some may wait until fall.”

https://www.casino.org/news/harry-reid-airport-sees-delays-cancellations-impacting-las-vegas-weekend-travel/

The UNLV Center for Business and Economic Research (CBER) believes that the Fed figuratively lies between “the rock and a hard place.” The rock is the need to control inflation and the hard place is the possible recession caused by a wrongly calibrated withdrawal of monetary stimulus.

https://thenevadaindependent.com/article/buckle-up-turbulence-ahead-for-the-las-vegas-economy?utm_source=The+Nevada+Independent&utm_campaign=eb292f487d-EMAIL_CAMPAIGN_2022_05_23_02_07_COPY_01&utm_medium=email&utm_term=0_15592b5f76-eb292f487d-43319997

Though speakers’ economic outlooks varied slightly — some expressed concerns that 2023 will bring a mild recession, while others were hopeful that recent economic momentum will overpower surging prices — each focused their remarks on the national inflation rate, which sits at a 40-year high.

https://thenevadaindependent.com/article/road-to-recovery-high-inflation-remains-top-issue-as-economic-forecasts-dim-for-2023

Soaring prices for gas, food, housing and construction supplies continue to hammer Nevadans.

Andrew Woods, of UNLV’s Center for Business and Economic Research, recently said “it feels in 24 months that the world is completely different in Vegas.”

https://knpr.org/knpr/2022-04/inflation-continues-hammer-nevadans-where-states-economy-heading

Las Vegas visitor volume has steadily increased since the pandemic lows of early 2020, but economic researchers from UNLV predict tourist activity will dip next year.

https://lasvegassun.com/news/2022/apr/21/economists-outlook-for-las-vegas-its-going-to-be-a/