Casino gaming wins took a tumble in May, while Las Vegas saw an increase in tourism. Economic analysts say Las Vegas is on pace to eclipse the number of visitors who came to the city in 2007, which was the height of the economic boom and visitation.
California Congressman Xavier Becerra is visiting Las Vegas Monday to campaign for President Obama. He arrives amid weaker economic indicators and a push by Republicans to win Hispanic voters from Democrats.
Thousands of teachers could lose their jobs after an arbitrator sided with the county teachers union forcing Clark County School District to grant pay raises to teachers. District officials wanted teachers to accept a pay freeze to help close a $63 million budget deficit but union officials claimed the district has the money to honor the promised pay increases. As a result of the arbitrators decision district officials says more than 1,000 positions could be cut to make up for the cost of those raises. We talk with CCSD Trustee, Carolyn Edwards about the arbitrators decision and how many teachers could lose their jobs.
We've lost a lot of jobs here in Nevada. So how do we spur job growth in our state? How do we keep people from moving out-of-state? And what sectors should people be focusing on in their job search? We talk with the co-author of Where Did the Jobs Go, and How Do We Get Them Back and a local job expert. What are your experiences? Call or write!
It's tax filing season and as thousands of Nevadans continue to battle home foreclosure and unemployment, filing your taxes can raise a lot of questions. Meantime, this year filers can use an updated IRS smartphone app to check on their return and get help on any questions they may have about filing. Officials from the IRS will join us to take your questions about filing your 2011 tax return.
One of the big focuses in the Obama jobs bill is jump starting the countries fledgling construction industry. To do that the president wants to invest $50 billion in new infrastructure projects and another $15 billion to rehab vacant and foreclosed and homes and businesses. In Nevada no other industry has been as hard hit as construction. According to the Nevada Department of Employment Training and Rehabilitation of all the jobs lost in Nevada during the economic downturn, roughly one of every two was from the construction industry. We explore whether the initiatives in the Obama jobs plan will help Nevada and if the construction industry will get the promised job growth the bill is touting.
Las Vegas resident, Troy Lovick used to work helping small businesses find secure financing but after the economic collapse in 2008 he found himself unemployed and functionally homeless. Lovick now lives in foreclosed home that his friends once owned and is working to get a new business off the ground.
Bob is 62. He's unemployed, and he sometimes calls our show when he's listening. But here's where Bob's story is different: he calls us from his van. Where he lives. For the past 5 months, Bob has squeezed his entire life within the rectangle of his Dodge Caravan - bed, food, stove. He says he never expected to be living in his car, but that a whole new community of people - suddenly jobless and homeless - are also living behind the wheel. Who are these people? How do they get by? And how does one go from a full-time job to suddenly living alone in a van? Bob lets us into his van and tells us the secrets of surviving when you're homeless in Las Vegas. Rebroadcast.
The economy in Las Vegas has illustrated the worst the recession has had to offer over the past few years. Record foreclosures and unemployment coupled with slow tourism have put Las Vegas and Nevada at the bottom of many lists that measure economic health. It's been difficult for economist and experts to predict when and how the economy in Las Vegas will recover and every month as measurements for housing, tourism and consumer spending come out there have often been surprises, good and bad. So what can we learn from the past and what does the future hold? We're joined by a panel of experts as well as two unemployed citizens and an MGM Resorts International executive to talk about the state of, and future of the Las Vegas economy.
The economy in Southern Nevada has been bumping along the bottom for a long time. Much longer than most people thought. But is the end in sight? Can we at least see some light at the end of the tunnel? Economist and business consultant Jeremy Aguero gives us a preview of the Las Vegas Perspective - the definitive book on population, housing and money in Southern Nevada.
City Center is done being built, and many housing projects are stalled. So what does that mean for the people who - literally - build this city. While statewide unemployment is 14.3%, as much as 50% of construction workers are unemployed. So how are construction workers faring in the recession? Are they staying in the same field? How easy or hard is it to transfer their skills? How are they getting by financially? And are unions and legislators doing enough for them during this recession? Las Vegas construction workers share their stories about life after the boom.
When "Sandra" was in her 20s, she and her husband didn't pay the bills. Suddenly, they found themselves homeless. She handed over the baby to her parents, and started sleeping in parks and junkyards. She recycled cans to buy food, and she drank from garden hoses. More than 13,000 people were homeless in Clark County last year. So who is homeless and what are they doing to survive?
Plenty of local Nevadans said they need more time to find a job. But critics say that only encourages laziness. What do you think? Are you unemployed? Do you think we should extend jobless pay... or is it better to stop it?
Nevada's official unemployment rate sits at 10.5 percent, but economists say the state's true unemployment rate could be anywhere from 15 to 20 percent, when you add in people who have quit looking for work, returned to school, operated their own businesses or worked off the books.