Report: So. NV Economy ‘Has Turned The Corner’
LAS VEGAS (AP) — University of Nevada, Las Vegas analysts say the worst is over for southern Nevada’s economy after the recession, and better times and job growth await the region in 2012.
While the region has one of the nation’s highest unemployment and foreclosure rates, UNLV’s Southern Nevada Index of Leading Indicators report released Friday found other sectors of the local economy have shown improvement over the past year.
Bob Potts of UNLV’s Center for Business and Economic Research says while “uncertainty remains,” it appears the southern Nevada economy “has turned the corner.”
The Clark County Tourism Index posted solid growth in October, increasing by 7.26 percent from the previous month and by 6.25 percent from October 2010.
Clark County gambling revenue, airport passenger counts and hotel occupancy rates were all up.
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