News Archives | Page 13 of 15 | Center for Business and Economic Research

Report: Nevada ranks 2nd in nation for employees quitting jobs (KLAS)

LAS VEGAS (KLAS) — The record pace of Americans quitting their jobs in 2021 led to the term the Great Resignation. Now, a new report shows Nevada had the nation’s second-highest quit rate for employees last year.

According to the Chamber of Commerce report, in Oct. 2021, job openings reached near-record levels amidst widespread labor shortages, and in Nov. 2021, the number of quits totaled 4.5 million nationwide and most were in lower-paying jobs such as hospitality, food services, and retail.

While the nationwide quit rate in 2021 was 3%, Nevada’s was 3.8% with around 500,000 people quitting their jobs. Nevada placed right behind Alaska which took the top spot.

https://www.8newsnow.com/news/local-news/report-nevada-ranks-2nd-in-nation-for-employees-quitting-jobs/

Road to Recovery: Nevada leads in ‘economic momentum’ amid rapid labor turnover (NV Independent)

The state’s economy has been hit hard by the COVID-19 pandemic. Restrictions on public activity have resulted in businesses closures and thousands of lost jobs, and many parts of the economy have yet to return to their pre-pandemic state. As Nevada’s recovery from the pandemic continues, this series will take a closer look at the most important economic indicators across the state.

https://thenevadaindependent.com/article/road-to-recovery-nevada-leads-in-economic-momentum-amid-rapid-labor-turnover

Job report shows low unemployement, but fewer jobs added than expected (News3 LV)

Monica Pappas runs Fingerprinting Express in Las Vegas, a business that provides fingerprinting background checks.

But she says the past few months have been far from easy–particularly with finding staff.

“Before the pandemic, in 24 hours here in southern Nevada, I would get 500 applications of applicants to pull from,” she said. “This week I posted a job add and I got 11 in 24 hours.”

https://news3lv.com/news/local/job-report-shows-low-unemployment-but-fewer-jobs-added-than-expected

Nevada’s Economy Recovering – But Coronavirus Still Haunts State (NV Business)

Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions still in place. As the year progressed those restrictions slowly eased allowing for gaming revenues to recover, even as thousands of employees remain sidelined.

https://www.nevadabusiness.com/2022/01/economic-forecast-2022-nevadas-economy-recovering-but-coronavirus-still-haunts-state/

More and more people want to call Southern Nevada home. What does that mean for the future? (KTNV)

Influx of 1 million people expected by 2060

https://www.ktnv.com/news/nevada-growth/more-and-more-people-want-to-call-southern-nevada-home-what-does-that-mean-for-the-future

Will Las Vegas grow outward or upward? (KTNV)

LAS VEGAS (KTNV) — What started as a watering hole in the middle of the Mojave Desert has become one of the fastest-growing communities in the United States. People living here say it’s easy to understand why.

https://www.ktnv.com/news/nevada-growth/will-las-vegas-grow-outward-or-upward

Road to Recovery: Experts predict continued but moderate inflation (NV Independent)

The state’s economy has been hit hard by the COVID-19 pandemic. Restrictions on public activity have resulted in businesses closures and thousands of lost jobs, and many parts of the economy have yet to return to their pre-pandemic state. As Nevada’s recovery from the pandemic continues, this series will take a closer look at the most important economic indicators across the state.

https://thenevadaindependent.com/article/road-to-recovery-experts-predict-continued-but-moderate-inflation

Southern Nevada still on road to recovery, economists say (RJ)

While U.S. lawmakers consider a pair of omnibus infrastructure and domestic spending bills, Nevada’s economic recovery continues to hinge on the novel coronavirus and its spread, economists said during a Tuesday economic forecasting event at the Thomas & Mack Center.

https://www.reviewjournal.com/business/southern-nevada-still-on-road-to-recovery-economists-say-2475399/