Posts Tagged ‘University of Nevada’

December 18, 2012

Vegas Economy Crawling out of the Muck

Respectable numbers expected for late 2013

Las_Vegas_63A local economic forecast calls for single-digit unemployment, rising personal incomes and surging new-home permits.

But you’ll have to wait a while – until the second half of 2013 at the earliest. What’s more, uncertainty about regional, national and global economic trends could deep-six local recovery.

That’s according to an economic outlook released Monday by the Center for Business and Economic Research at the University of Nevada, Las Vegas. The forecast, presented to 200 local businesspeople and policymakers at the M Resort in Henderson, was full of hopeful projections, but the overall message counseled patience. Short-term trends look slightly positive, but serious breakthroughs in hiring, population growth and other indicators are half a decade away.

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