Don’t Tap Out Yet Vegas

A forecast of job growth four to six months in the future, the Southern Nevada Index of Leading Economic Indicators for July dropped by 0.57 percent after a slight increase last month according to UNLV. Visitor volume, convention attendance, and gasoline consumption pushed the index up while permitting activity, taxable sales, passenger counts and gaming revenue pulled it down. The series exerting the largest drag on the index was taxable sales. Weakness in current spending patterns indicates weak job growth in the near future.

Published by Stout Law Firm

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