Las Vegas Economic News - 8 News NOW

LAS VEGAS ECONOMIC NEWS

  • Economy

  • Thursday, April 11 2013 7:12 PM EDT2013-04-11 23:12:36 GMT
    LAS VEGAS -- Although Nevada's unemployment rate recently fell to its lowest point in five years, it is still at more than 9 percent with thousands of people looking to find a job. Operators of local
    Although Nevada's unemployment rate recently fell to its lowest point in five years, it is still at more than 9 percent with thousands of people looking to find a job.

  • Thursday, March 28 2013 9:31 AM EDT2013-03-28 13:31:31 GMT
    LAS VEGAS - Gaming experts say the developments of SLS Las Vegas and Resorts World Las Vegas could spark a domino effect on north Strip development. The $350 million purchase of the Echelon site by Genting
    Gaming experts say the developments of SLS Las Vegas and Resorts World Las Vegas could spark a domino effect on north Strip development.

  • With the planned development of a resort on the north end of the Las Vegas Strip, officials are hopeful it will boost the area. 8 News NOW's Cassandra Garcia reports.

  • Friday, March 1 2013 7:26 PM EST2013-03-02 00:26:02 GMT
    CARSON CITY, Nev. (AP) -- Nevada's jobless rate for 2012 was better than initially thought. The Department of Employment, Training and Rehabilitation says the state's unemployment rate for the year dropped
    The Department of Employment, Training and Rehabilitation says the state's unemployment rate for the year dropped to 11.1 percent, down from a preliminary estimate of 11.6 percent.

  • Wednesday, February 20 2013 3:50 PM EST2013-02-20 20:50:02 GMT
    LAS VEGAS -- Wet 'n' Wild Las Vegas is in the process of hiring for more than 300 positions as it prepares for its upcoming season which starts on Memorial Day weekend. Applications are being accepted
    Wet 'n' Wild Las Vegas is in the process of hiring for more than 300 positions as it prepares for its upcoming season which starts on Memorial Day weekend.

  • Wednesday, January 30 2013 8:37 AM EST2013-01-30 13:37:59 GMT
    WASHINGTON (AP) -- The U.S. economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish
    The U.S. economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

  • Thursday, January 17 2013 4:38 PM EST2013-01-17 21:38:34 GMT
    CARSON CITY, Nev. (AP) -- Initial claims for jobless benefits in Nevada fell 7.3 percent in December compared with the same month a year ago. A report Thursday by the Department of Employment, Business
    Initial claims for jobless benefits in Nevada fell 7.3 percent in December compared with the same month a year ago.

  • Thursday, January 10 2013 8:37 AM EST2013-01-10 13:37:00 GMT
    WASHINGTON (AP) -- Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of stability in the job market. The Labor Department says applications rose 4,000 to
    Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of stability in the job market.

  • Friday, January 4 2013 2:13 PM EST2013-01-04 19:13:17 GMT
    LAS VEGAS - New car sales have skyrocketed in the last few years, and Las Vegas dealerships hope 2013 is going to be even better. Sales jumped by more than 50% at Fairway Chevrolet in 2012. The spike
    New car sales have skyrocketed in the last few years, and Las Vegas dealerships hope 2013 is going to be even better.

  • Friday, January 4 2013 8:35 AM EST2013-01-04 13:35:17 GMT
    WASHINGTON (AP) -- U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during tense fiscal cliff negotiations in Washington. The Labor Department says the unemployment
    U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during tense fiscal cliff negotiations in Washington.

  • Thursday, January 3 2013 5:11 PM EST2013-01-03 22:11:14 GMT
    RESTON, Va. (AP) -- A report released Thursday said holiday shoppers spent $42.3 billion online in November and December, 14 percent more than in the same months a year ago. ComScore found that shoppers
    A report released Thursday said holiday shoppers spent $42.3 billion online in November and December, 14 percent more than in the same months a year ago.

  • Thursday, January 3 2013 3:28 PM EST2013-01-03 20:28:26 GMT
    NEW YORK (AP) -- A last-minute surge in spending helped many major retailers report better-than-expected sales in December, a relief for stores that make up to 40 percent of annual revenue during the holiday
    A last-minute surge in spending helped many major retailers report better-than-expected sales in December, a relief for stores that make up to 40 percent of annual revenue during the holiday period.

  • Wednesday, January 2 2013 3:37 PM EST2013-01-02 20:37:17 GMT
    LAS VEGAS - Las Vegas sportsbooks typically see millions of dollars for the college football bowl season, but 2013 might have a different ring to it. Some of the most anticipated games of the postseason
    Las Vegas sportsbooks typically see millions of dollars for the college football bowl season, but 2013 might have a different ring to it.

  • Wednesday, January 2 2013 2:15 PM EST2013-01-02 19:15:26 GMT
    DETROIT (AP) -- An auto industry research firm said an improving economy and a host of new models should push U.S. auto sales above 15 million this year. The Polk research firm said auto sales should
    An auto industry research firm said an improving economy and a host of new models should push U.S. auto sales above 15 million this year.

  • Wednesday, January 2 2013 2:11 PM EST2013-01-02 19:11:04 GMT
    WASHINGTON (AP) -- U.S. builders spent less on construction projects in November, the first decline in eight months, as activity was held back by a big drop in spending on federal projects. The Commerce
    U.S. builders spent less on construction projects in November, the first decline in eight months, as activity was held back by a big drop in spending on federal projects.

  • Wednesday, January 2 2013 2:08 PM EST2013-01-02 19:08:37 GMT
    WASHINGTON (AP) -- U.S. manufacturing grew slowly last month after shrinking in November and hiring increased, a sign of modest economic momentum heading into the new year. The Institute for Supply Management
    U.S. manufacturing grew slowly last month after shrinking in November and hiring increased, a sign of modest economic momentum heading into the new year.

  • Thursday, December 27 2012 7:29 PM EST2012-12-28 00:29:56 GMT
    LAS VEGAS -- About 25,000 people collecting unemployment insurance benefits in Nevada were notified this week that their benefits could end Jan. 2, 2013, according to the state's employment department. Congress
    About 25,000 people collecting unemployment insurance benefits in Nevada were notified this week that their benefits could end Jan. 2, 2013, according to the state's employment department.

  • Wednesday, December 26 2012 5:33 PM EST2012-12-26 22:33:58 GMT
    CARSON CITY, Nev. (AP) -- Taxable sales in Nevada rose 4.3 percent in October over the same month last year, marking the 28th consecutive month of modest gains. The report released Wednesday by the Department
    Taxable sales in Nevada rose 4.3 percent in October over the same month last year, marking the 28th consecutive month of modest gains.

  • Wednesday, December 26 2012 9:11 AM EST2012-12-26 14:11:22 GMT
    WASHINGTON (AP) -- U.S. home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing
    U.S. home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes.

  • Monday, December 24 2012 4:24 PM EST2012-12-24 21:24:45 GMT
    NEW YORK (AP) -- A company that operates 28 shopping malls across the country is reporting a "very strong weekend," with shoppers taking advantage of sales. But many last-minute shoppers said they are
    A company that operates 28 shopping malls across the country is reporting a "very strong weekend," with shoppers taking advantage of sales.

  • Friday, December 21 2012 7:14 AM EST2012-12-21 12:14:51 GMT
    CARSON CITY, Nev. - Nevada's unemployment rate fell to its lowest level in three years in November. The Nevada Department of Employment, Training and Rehabilitation reports the unemployment rate hit 10.8
    Nevada's unemployment rate fell to its lowest level in three years in November. The Nevada Department of Employment, Training and Rehabilitation reports the unemployment rate hit 10.8 percent last month. That compares with 13.2 percent last year.

  • Wednesday, December 19 2012 5:15 PM EST2012-12-19 22:15:12 GMT
    LAS VEGAS -- Las Vegas registered the 62nd strongest economic recovery among the nation's largest metropolitan areas in the third quarter of the year, a modest improvement from its 77th place ranking the
    Las Vegas registered the 62nd strongest economic recovery among the nation's largest metropolitan areas in the third quarter of the year, a modest improvement from its 77th place ranking the prior quarter, according to a Brookings Institution report released Wednesday.

  • Thursday, December 13 2012 8:42 AM EST2012-12-13 13:42:21 GMT
    WASHINGTON (AP) -- The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving. The Labor Department says weekly applications
    The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.

  • Friday, December 7 2012 8:36 AM EST2012-12-07 13:36:06 GMT
    WASHINGTON (AP) -- The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a
    The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008.

  • Tuesday, December 4 2012 4:37 PM EST2012-12-04 21:37:10 GMT
    SPARKS, Nev. (AP) -- Gov. Brian Sandoval is telling the leaders of Nevada's tourism industry they should be cautiously optimistic about the way the state's economy is rebounding. Sandoval said in an interview
    Gov. Brian Sandoval is telling the leaders of Nevada's tourism industry they should be cautiously optimistic about the way the state's economy is rebounding.

  • Monday, December 3 2012 5:10 PM EST2012-12-03 22:10:13 GMT
    LAS VEGAS (AP) -- A new report shows that the number of young people with jobs is as low as it's been since World War II. A Kids Count report released Monday by the Annie E. Casey Foundation shows that
    A new report shows that the number of young people with jobs is as low as it's been since World War II.

  • Friday, November 30 2012 7:31 PM EST2012-12-01 00:31:19 GMT
    CARSON CITY, Nev. (AP) -- The uncertainty in Congress over the "fiscal cliff" weighed on members of Nevada's Economic Forum as they tried to project the state's six major revenue sources to determine how
    A panel of fiscal experts project Nevada tax revenues will bring in $5.8 billion over the next two year budget cycle, about $343 million less than current spending levels.

  • Friday, November 30 2012 2:22 PM EST2012-11-30 19:22:48 GMT
    LAS VEGAS (AP) -- Airport officials in Las Vegas say McCarran International Airport handled 1.5 percent fewer passengers in October than a year earlier. Data released Friday shows about 3.7 million people
    Airport officials in Las Vegas say McCarran International Airport handled 1.5 percent fewer passengers in October than a year earlier.

  • Friday, November 30 2012 10:51 AM EST2012-11-30 15:51:58 GMT
    LAS VEGAS -- While Las Vegas is making economic progress compared to last year, the metropolitan area is still delivering a mediocre performance when stacked against the world's largest communities, a
    While Las Vegas is making economic progress compared to last year, the metropolitan area is still delivering a mediocre performance when stacked against the world's largest communities, a new Brookings Institution report shows.

  • Thursday, October 25 2012 7:28 PM EDT2012-10-25 23:28:15 GMT
    Job seekers browse listings at JobConnect in Las Vegas.
    LAS VEGAS -- Walmart announced this week that undeveloped land in the southwest Las Vegas valley is slated for construction of a Walmart Supercenter. At 170,000-square-feet, it is expected to bring about
    Economic analyst Brian Gordon said jobs are making their way back to southern Nevada, but many struggling to find a job don't agree.

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