Market Healthy While Recession Looms
- Southern Nevada’s unemployment rate increased in Q3
- Existing home sales continued to trend downward
- Taxable sales remain strong
After a couple rough years for tourism, Southern Nevada’s economy appears to be back to normal. Year-over-year growth has slowed as the market has approached pre-lockdown levels of visitation. While the Valley continues to add jobs, the return of Las Vegans to the job market has resulted in increasing unemployment rates over the past few months.
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