On the Road to Recovery
LAS VEGAS (AP) — A Las Vegas business analyst says the tourist city long devastated by record unemployment, foreclosures and underperforming schools might be on the road to recovery.
The Review-Journal reports that Jeremy Aguero of Applied Analysis pointed to an annual market profile of southern Nevada showing improvements in gambling revenue, airport passengers, home sales and convention attendance in recent months.
But Las Vegas is nowhere near peak levels of the last decade, when thousands of people moved to Nevada for jobs on the Las Vegas Strip. The Silver State now has the highest unemployment in the nation.
Aguero says the state’s official unemployment rate of 13.7 percent is probably low.
He estimates 23 percent of the state’s workers can’t find employment.