Nevada:
Economy Comes a Long Way but Still Working Through Issues
The greater regions of Southern Nevada and Northern Nevada are important to the entire state’s broader economic recovery as the COVID-19 pandemic continues impacting workers, households, and consumers who are integrating back into society and commerce.
That’s according to the most recent forecasts, research articles, reports, and other data and analysis presented or released by various local experts over the past couple of months. Their opinions spotlight intriguing viewpoints, trends and projections so your credit union can plan appropriately:
Southern Nevada
Local experts, organizations, and consultant firms:
Las Vegas Global Economic Alliance (41st Annual Las Vegas Perspective conference):
- The “What Comes Next?” economic forecast presentation by Applied Analysis.
- The “Free-Falling Versus Control” presentation by The Future Hunters.
- The “Arrival of a Rebel Cavalry: Innovating Our Way Out in Las Vegas” presentation by the University of Nevada-Las Vegas' (UNLV) Economic Development Office.
- Latest monthly "Economic Snapshot," ongoing data portal (regional overview, economic summary, and location comparison), and all newsletters. Keep checking for an upcoming “Employment Review” to be posted in the future.
- The "Vision 2025: Comprehensive Economic Development Strategy for Southern Nevada" report.
- The "Target Industry Validation Study: Revisiting Southern Nevada's Approach to Economic Diversification" report.
Lied Center for Real Estate Studies at the Lee Business School (University of Nevada—Las Vegas):
- Latest "Nevada Housing Market Update Monthly Report": see pages 4 and 48 for trends in Las Vegas, Mesquite, and Laughlin.
- Latest "Nevada Business Conditions" report.
- Latest "CBER's Economic Indexes for Southern Nevada and Nevada" report.
- Latest "2Q 2021 Southern Nevada Quarterly Indicators and Business Conditions Index" report.
- Latest “Economic Commentary” report (to be updated soon).
Las Vegas Convention and Visitors Authority:
- Latest monthly Executive Summary Highlights and tourism data report.
- The “Impact of COVID-19 on the Southern Nevada Tourism Industry" report.
- Latest Research Reports.
- The Tourism Tracker index.
Nevada Realtors:
RCG Economics:
- Latest monthly "Job Flash (page 2 for Las Vegas)," ongoing “Nevada by the Numbers” blog, and "Southern Nevada/Las Vegas Metrics".
Applied Analysis:
- Latest "Regional Indicators & Housing Market Indicators" report.
City of Las Vegas:
- Latest "Community Dashboard" ongoing economic indices and reports.
Northern Nevada
Local experts, organizations, and consultant firms:
EKAY Economic Consultants:
- Latest "Reno MSA Economic Outlook" and "Reno MSA Industry Trends" reports.
Lied Center for Real Estate Studies at the Lee Business School (University of Nevada—Las Vegas):
- Latest "Nevada Housing Market Update Monthly Report": see pages 23 and 42 for trends in Washoe County and Carson City County.
RCG Economics:
- Latest monthly "Job Flash (page 3 for Reno-Sparks)," ongoing “Nevada by the Numbers” blog, and "Northern Nevada/Reno-Sparks Metrics" reports.
Economic Development Authority of Western Nevada:
- Ongoing news updates and research.
Nevada (entire state)
Local experts, organizations, and consultant firms:
Lied Center for Real Estate Studies at the Lee Business School (University of Nevada—Las Vegas):
- Latest "Nevada Business Conditions" report.
- Latest "CBER's Economic Indexes for Nevada and Southern Nevada" report.
Nevada Business Magazine:
- Latest Business Indicators update as of August (or view all magazine editions here).
RCG Economics:
- The monthly "Job Flash (page 1 for Nevada)" report, and the ongoing “Nevada by the Numbers” blog.
Nevada Governor’s Office of Economic Development:
- The ongoing “Nevada Dashboard” showing economic performance data, economic development data (labor market, real estate, etc.), location comparisons, and a detailed overview.
NV Department of Employment, Training and Rehabilitation (DETR)
Released by the State of Nevada:
- Trends on Nevada’s job market, unemployment rate, and unemployment insurance benefits (all types) are moving in interesting ways. Click here to read more.
- Also, read "Nevada Adds Jobs Back in July; Unemployment Rate Declines"
- Latest Area Profiles, Labor Market Overview (sub-regional/state), and Local Area Unemployment Statistics.
Nevada Economic Forum (State of Nevada)
Released by the State of Nevada:
- The “May 2021 Forecast” of state general fund revenues and other industry/business revenue and sales forecast information (or view the forum’s main webpage here).
Nevada: Demographics, Labor, Education & Economic Resources
More analysis:
- Data USA’s county profiles: Clark, Lincoln, Washoe, Storey, Carson City, Douglas, Lyon, Churchill, and Pershing.
- Nevada Department of Employment, Training and Rehabilitation's (DETR) Labor Market Information Division
- Nevada Governor's Office of Economic Development's data portal
- Nevada Governor's Office of Economic Development's regional snapshots
- Nevada Governor Finance Office's Economic Forum
- Economic Research Division of the Federal Reserve Bank of San Francisco
- Bureau of Economic Analysis (U.S. Department of Commerce)
- U.S. Census Bureau's Business and Economy Division