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UNLV research predicts Southern Nevada’s population will grow to 3.4 million residents by 2060

According to a study by UNLV researchers, Southern Nevada’s population is expected to grow to an estimated 3.39 million by 2060.

UNLV’s Center for Business and Economic Research says the current population of 2.23 million residents will grow by a rate of 1.8% in 2022, adding approximately 41,900 people.

https://www.ktnv.com/news/unlv-research-predicts-southern-nevadas-population-will-grow-to-3-4-million-residents-by-2060

New forecast from UNLV shows huge growth in Southern Nevada by 2060

A new forecast from UNLV’s Center for Business and Economic Research (CBER) shows substantial growth in Clark County’s population through 2060. “We’re forecasting roughly 700,000 more people living in Southern Nevada in the next 18 years,” said CBER Director Andrew Woods.

https://news3lv.com/amp/news/local/new-forecast-from-unlv-shows-huge-growth-in-southern-nevada-by-2060-las-vegas-metro-area-population-expansion-water-hospitality

‘Keep trying to get that job,’ College grads take advantage of higher job numbers in Nevada

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/

Road to Recession? Nevada economists weigh different possibilities for the economy’s future (The Nevada Independent)

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

With lithium batteries and solar energy, how big can Nevada’s energy economy get? (KNPR)

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

New Nevada minimum wage starts today, but inflation taking toll (Las Vegas Review Journal)

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/

Minimum wage set to bump up in Nevada July 1st (News 3 Las Vegas)

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

Harry Reid Airport Sees Delays, Cancellations Impacting Las Vegas Weekend Travel (Casion.org)

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/

Buckle up, turbulence ahead for the Las Vegas economy (The Nevada Independent)

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

Road to Recovery: High inflation remains top issue as economic forecasts dim for 2023 (The Nevada Independent)

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