Posts Tagged ‘University of Nevada’

Vegas Economy Crawling out of the Muck

by , Dec 18, 2012 | 10:00 am

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.