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Business confidence in the Las Vegas economy has plunged to levels not seen in more than a decade, according to early findings from a new UNLV report. Andrew Woods of UNLV’s Center for Business and Economic Research says confidence has dropped sharply since last quarter.
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Healthcare remains Nevada’s fastest-growing industry heading into 2026, according to UNLV economists. Guy Tannenbaum spoke with UNLV’s Andrew Woods, who forecasts Clark County will add 121,000 jobs over the next decade.
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UNLV’s Center for Business and Economic Research hosted its Outlook 2025 event at Durango Casino and Resort on Thursday, Nov. 13, 2025. The annual forum brought new insights into Nevada’s economic trajectory.
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Las Vegas is expected to see slower growth, but economists say the city is still on stable footing. According to Andrew Woods of UNLV’s Center for Business and Economic Research, the summer slump is beginning to level out.
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Slow economic growth is expected in 2025, but experts say a recession isn’t on the horizon. UNLV’s Center for Business and Economic Research marked its 50th anniversary by sharing new forecasts for Nevada and the national economy.
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Only one job sector in Clark County is outpacing inflation, and it’s not hospitality. According to Andrew Woods of UNLV’s Center for Business and Economic Research, there’s only industry keeping ahead of rising costs.
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Nevada’s employment trends have long served as an early warning signal for the national economy, with declines in state job numbers historically preceding broader U.S. recessions. In a new discussion, host Alex Ossola speaks with Andrew Woods, director of UNLV’s Center for Business and Economic Research, about what current Nevada data reveals and what it may signal for the health of the U.S. economy.
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Tourism is declining in Las Vegas as visitor numbers soften and travelers shift their spending habits. “The success of the economy here in Vegas is very dependent on the business cycle for the U.S. economy,” said Andrew Woods, director of the Center for Business and Economic Research at UNLV.
Read more about it in this New York Times article here.
Health care is now the third-biggest employer in Southern Nevada, according to the latest UNLV’s Center for Business and Economic Research’s annual report, and will become the second biggest in as little as three years.
Their appreciation for Nevada’s special place in the mining world reminded me of a conversation I had in 2022 with Andrew Woods, director of UNLV’s Center for Business and Economic Research. He bottom-lined it this way: “The demand for energy storage between electric cars, homes and commercial is only going to grow exponentially. The demand for batteries is forecasted to grow five times in the next eight years. Climate change is no longer a question of mitigation, but of human survival.”
An asterisk is appropriate here. Our conversation took place back when the American president believed in climate change. He offered a full-throated endorsement of a bold and costly renewable energy policy, one that coincidentally was also an economic driver in rural Nevada. Science-driven climate policy has been labeled a hoax by the current occupant of the White House.