Nevada
CBER Report: Southern Nevada Economy Will Continue to Rebound in 2022
![CBER Report: Southern Nevada Economy Will Continue to Rebound in 2022 CBER Report: Southern Nevada Economy Will Continue to Rebound in 2022](https://www.unlv.edu/sites/default/files/styles/1920_width/public/media/image/2022-03/D73709%20-%20316%202021-02-10_Shadow_Lane_00028.jpg?itok=8voxiukj)
After COVID-19 rocked economies worldwide in 2020, Nevada and the nation rebounded shortly in 2021, nearing – or in some circumstances surpassing – pre-pandemic financial ranges.
In 2022, now that the coronavirus disaster seems to be shifting from pandemic to endemic, the financial outlook suggests continued native restoration however a extra murky scenario nationally. That’s in response to the 2022-23 financial outlook report launched immediately by UNLV’s Heart for Enterprise and Financial Analysis (CBER). The report was offered throughout a morning panel April 20 on the Strip View Pavilion inside UNLV’s Thomas & Mack Heart.
CBER economists predict that Nevada’s economic system will proceed its restoration and develop by means of 2022 however the image is much less clear for 2023. That’s in distinction to the nationwide economic system, which at the moment is experiencing a major structural adjustment towards a brand new regular within the midst of COVID-era impacts, the warfare in Ukraine, and associated disruptions to the provision chain and commerce.
Financial Outlook for Southern Nevada
Southern Nevada’s story continues to be that of a area on the rise that was hit arduous by the pandemic. Then, following indicators of a speedy financial surge into 2021, it developed into what researchers termed a “broken-V” formed restoration. That “broken-v” restoration sample might now be coming to an finish, researchers say, attributable to some gradual declines and restoration from mid-2021 by means of early 2022 that extra carefully mirror conventional financial tendencies than dramatic COVID-era swings.
Because the Delta and Omicron variants proceed to loosen their grip on the economic system, indicators of hope persist in Southern Nevada. Economists challenge native customer quantity, gross gaming income, lodge occupancy, and employment to extend all through 2022 earlier than declining barely in all areas besides employment in 2023. Slight forecast declines in 2023 are due partially to anticipated inflation, rising rates of interest, and uncertainty within the nationwide economic system.
- A robust labor market is anticipated to proceed domestically, rebounding from a 33.5% unemployment price in April 2020 to only 5.3% in February of this 12 months. Economists challenge it might be two years earlier than the speed reaches its pre-pandemic low of three.7%.
- Regardless of an unsure nationwide economic system, inhabitants development in Southern Nevada is anticipated to proceed at round 2% over the subsequent two years. This may proceed to restrict the house provide and scale back affordability, capping what would in any other case be even stronger development.
- Development exercise stays sturdy and the housing market is scorching for the second, with condo emptiness charges at round 3% and residential costs up greater than 32% for the reason that starting of the pandemic. This may occasionally not final, as CBER is forecasting a correction in 2023 as rising mortgage charges, dwelling affordability, and inflation will weigh on dwelling values.
Moreover, CBER’s Clark County Tourism Index – which mixes gross gaming income, room occupancy charges, and airport passengers – has recovered to greater than 114% of its COVID-era decline. Researchers notice that whereas weekend customer quantity in Las Vegas is powerful, midweek visitation numbers nonetheless lag pre-pandemic numbers partially attributable to slowly rebounding conference enterprise. CBER forecasts whole customer numbers for Las Vegas not returning to pre-pandemic ranges till after 2023.
“Forecasting on this atmosphere is a tough activity,” authors notice, pointing to waves of coronavirus variants, the warfare in Ukraine, provide chain bottlenecks and inflation. “As a result of the Southern Nevada economic system closely will depend on tourism, its outlook ties to the longer term path of all these components. Continued progress on vaccinating the next proportion of the inhabitants, the absence of a brand new variant that may keep away from the safety of vaccines, an affordable decision of the warfare in Ukraine, and the way the economic system reacts to larger rates of interest will make financial restoration extra seemingly.”
The Nationwide Forecast
The CBER Outlook presents a extra unsure forecast for the nationwide economic system. In keeping with researchers, the unprecedented and sudden nature and scale of the pandemic recession and its equally stunning restoration makes it tough to forecast how the nationwide economic system will reply going ahead. Whereas employment and housing sectors proceed to recuperate, uncertainty in key areas of shopper sentiment and general enterprise confidence complicates projections.
Given this uncertainty, authors predict GDP development charges (year-over-year) of 1.7% and a couple of.5% for 2022 and 2023, respectively. That is barely down from CBER’s November 2021 report, due partially to continued impacts to the provision chain, higher-than-anticipated inflation, Fed actions within the coming months to clamp down on inflation, and the warfare in Ukraine.
“As we come out of a pandemic recession, the underlying energy of the U.S. economic system nonetheless seems solidly in place to help a sturdy restoration going ahead,” authors notice within the report. “However, we nonetheless view the street to restoration as having been paved with too many potential potholes within the brief time period. Financial restoration relies upon to a big extent on a continued restoration from the pandemic and inflation. We have now made nice progress in adjusting our habits to stay with the coronavirus. However new variants, such because the BA.2 omicron variant, if extra lethal, might throw us again right into a recession. That’s if inflation and rising rates of interest don’t do it first.”
CBER Outlook Report
CBER’s biannual Outlook report forecasts financial tendencies for the U.S., Nevada, and Southern Nevada. Knowledge is compiled from state employment, gaming, and tourism companies and analyzed to foretell native and nationwide financial tendencies. Study extra by visiting the UNLV Heart for Enterprise and Financial Analysis .
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Nevada
Nevada makes strong adjustments to push past Troy on the road 28-26
It felt like Deja Vu in the final seconds of Nevada’s 28-26 win over Troy. The Trojans marched downfield to score a TD with 21 seconds left, bringing the game to a 28-26 score. Troy lined up for the 2-point conversion, but pressure led QB Goose Crowder to escape to pocket and end in an incompletion.
Unlike Week 0, Nevada was able to prevent the complete late-quarter comeback. It was an uphill battle from the beginning for Nevada, but the Pack started a 28-3 run which led head coach Jeff Choate to his first victory with Nevada.
Scoring Summary
1st Quarter
3:59- Damien Taylor 25-yard TD run (Scott Taylor Renfroe PAT)
Nevada 0 – Troy 7
2nd Quarter
3:08- Gerald Green 16-yard TD run (Scott Taylor Renfroe PAT)
Nevada 0 – Troy 14
0:25- Jace Henry 17-yard TD pass from Brendon Lewis (Matthew Killam PAT no good)
Nevada 7 – Troy 14
3rd Quarter
13:55- Patrick Garwo III 1-yard TD run (Jaden Smith 2 pt conversion good)
Nevada 14 – Troy 14
7:24- Scott Taylor Renfroe 30-yard FG
Nevada 14 – Troy 17
3:20- Patrick Garwo III 22-yard TD run (Matthew Killam PAT)
Nevada 21 – Troy 17
4th Quarter
12:56- Marcus Bellon 7-yard TD run (Matthew Killam PAT)
Nevada 28 – Troy 17
6:12- Scott Taylor Renfroe 19-yard FG
Nevada 28 – Troy 20
0:21- Devonte Ross 16-yard TD pass from Goose Crowder (Crowder 2pt conversion attempt no good)
Nevada 28 – Troy 26
Final: Nevada 28, Troy 26
Offense
It was another 20+ point performance by Nevada, but it took a while for the offense to wake up. Nevada’s first three drives of the game resulted in no points. On its fourth drive, kicker Matthew Killam lined up for a 48-yard field goal. Killam missed the attempt, keeping scoreless through the second quarter.
The Wolf Pack cracked the scoreboard with 3:08 left in the first half. Brendon Lewis threw a 17-yard pass to tight end Jace Henry to cut the lead to 14-6. Killam once again missed a kick, this time it being the PAT.
Despite the missed extra point, that touchdown began a 28-3 run for Nevada’s offense. Adjustments were made at the half, and the offense came out swinging.
Nevada received the ball in the second half, and it only took three plays for Nevada to find the endzone in its opening drive of the second half. It began with running back Savion Red breaking through for a 69-yard rush, taking Nevada inside the red zone at the 6-yard line.
Nevada’s rushing attack couldn’t get it going against SMU, but Red had no issue running around Troy. He finished with 135 rushing yards and two touchdowns on 11 rush attempts.
Nevada ran two more times, leading to running back Patrick Garwo III collecting a 1-yard TD run to tie it at 14.
The Pack’s next two drives resulted in touchdowns, once on the ground and second from the air. Garwo III picked up his second rushing touchdown, followed by a 7-yard TD pass to Nevada receiver Marcus Bellon.
Lewis had himself another solid game, throwing 17-20 with 158 passing yards and two touchdowns. He also rushed for 34 yards on eight attempts. Lewis has now surpassed his TD total from last year, only two games into the 2024 season.
It took a while, but there was more explosiveness from Nevada’s offense. The Pack collected 17 first downs and converted seven of 12 third-down attempts. The rushing game is Nevada’s MVP, as the team collected 214 total rushing yards compared to Troy’s 193.
Nevada was once again perfect from the red zone, going 4-4.
Defense
Nevada’s defense was the highlight in the loss to SMU. This time, it took some adjustments for Nevada’s defense to shut it down. It held Troy’s first offensive possession to a three-and-out.
Troy put up two touchdowns before the first half expired. It was an early back-and-forth into the third quarter until Nevada’s offense was able to pull away. Nevada took a 28-17 lead to the 13-minute mark of the fourth quarter.
A Troy field goal made it an eight-point game with six minutes left. Crowder and the Trojans offense got the ball back with 2:17 left to go, leading to a huge march downfield to score a late TD with 21 seconds left.
Similar to Week 0, Nevada’s defense slipped up within the final minutes. Crowder and Troy’s offense lined up for the potential tying 2-point conversion, but this time, Nevada’s defense was able to close it off.
Crowder snapped the ball for the 2-point attempt, but edge rusher Kristopher Ross quickly pressured the Trojan’s QB, leading to the ball being stripped. Troy recovered the ball, but an incompletion led to the tight 28-26 lead being held.
Crowder went 20-30 with 201 passing yards and a TD pass. Troy running back Damien Taylor led Troy’s rushing attack, rushing for 103 yards on 11 attempts and a touchdown run.
Nevada linebacker Drue Watts led the team with 12 tackles, and Ross/Henry Ikahihifo combined for a sack in the game.
What’s Next
Nevada will take its 1-1 record back home to face another Sun Belt team in Georgia Southern. The Eagles fought hard against Boise State in their Week 1 matchup, losing 56-45 to the Broncos.
It’ll be another tough matchup for Nevada, especially after seeing Georgia Southern put up 45. This Wolf Pack team under Choate has shown plenty of fight in its first two games, so it should lead to an exciting and hopefully winning game against Georgia Southern.
Nevada
Top 12 Things to Do in Las Vegas That Don’t Involve Gambling
![Top 12 Things to Do in Las Vegas That Don’t Involve Gambling Top 12 Things to Do in Las Vegas That Don’t Involve Gambling](https://images2.minutemediacdn.com/image/upload/c_crop,w_1920,h_1080,x_0,y_60/c_fill,w_1440,ar_16:9,f_auto,q_auto,g_auto/images/voltaxMediaLibrary/mmsport/outdoors_on_si/01j6qwx7tg01kqzmvq3m.jpg)
Going to the city of Las Vegas, Nevada can be a memorable, but expensive trip for some. Those that don’t like gambling might feel left out, but there are plenty of things to do that don’t involve it.
Here are a list of activities that don’t require gambling at a casino:
A Las Vegas classic and one of the best things to see in the city that doesn’t cost any money. They’re hard to miss, but worthing taking the time out to get a good viewing in person.
The one-of-a-kind venue has plenty of different experiences from axe throwing, a flight simulator and more. The viral Meow Wolf’s Omega Mart offers ‘alternate dimension’ items for purchase that are not what they seem to be.
The classic museum full of wax figure replicas of some of the biggest celebrities of all time. It’s located at the Venetian Las Vegas Casino.
Walking the strip by itself can be one of the most fun things to do for those that love to sight see and people watch, plus it’s free. The illuminated buildings are something to behold.
Speaking of the lit-up Vegas strip, a ride on this roller coaster is one of the best ways to get an unforgettable view of the city.
One of the most famous residency shows offered, catch a show to experience the weird and wonderful.
For the thrill-seekers, a ride on one of the intense roller coasters can scare and excite. There are both traditional roller coasters and drop coasters for those that want an extra rush.
While there are bars aplenty across the city, this one is unique in that it’s completely made of ice, making it a bar that’s actually worth visiting.
The city of Vegas is known for it’s long history with the mob and this is a museum that goes through that history to educate visitors.
Technically it’s about 30 minutes outside of the city, but it’s either a quick drive or many companies offer trips to see the Dam. It’s a interesting and unqiue structure.
There are plenty of different companies that offer it, but indoor skydiving gives the thrill of the act but is much safer.
Connect with a trip to nature with a 20-minute drive outside of the city. The beautiful red sandstone peaks make it well worth the detour. Be careful with the heat but there are some wonderful hiking opportunities available.
Nevada
Troy comeback falls short vs. Nevada in Parker’s debut
![Troy comeback falls short vs. Nevada in Parker’s debut Troy comeback falls short vs. Nevada in Parker’s debut](https://www.al.com/resizer/v2/EOIOA5EAQNF7HFGDEH2UTZH57M.jpg?auth=ad270761a8a91e40e6c4b315d830d3c0f8912c2b6d3429652d891df8cdd9e12d&width=1280&quality=90)
Nevada scored back-to-back touchdowns in the second half, then held on in the closing minutes for a 28-26 victory over Troy on Saturday night at Veterans Memorial Stadium.
The Trojans trailed 28-17 with less than seven minutes remaining, but got Scott Taylor Renfroe’s 19-yard field goal and Goose Crowder’s 16-yard touchdown pass to Devonte Ross to pull within two with 19 seconds left. That set up a 2-point attempt for the tie.
Troy quarterback Goose Crowder was hit from behind and fumbled, but running back Damien Taylor scooped up the ball and scrambled just to get off an incomplete pass. The Trojans then failed on an onside kick, and Nevada (1-1) ran out the clock.
“You tip your hat to Nevada,” first-year Troy coach Gerad Parker said. “Coach had his guys ready to go. They came out here on the road, traveled across the country and were ready to play, certainly at the end of the first half as well as going into the second half. It was just too much for us in the third quarter to overcome, so I tip the hat.”
The loss was Troy’s first in a home non-conference since a 21-13 loss to Liberty on Sept. 11, 2021. It was also just the Trojans’ second at home since that same 2021 season.
Crowder passed for 201 yards and a touchdown in a losing effort for Troy (0-1), while Taylor ran for 103 yards and a touchdown. However, Taylor was called for targeting on the late onside kick, meaning he will sit out the first half of next week’s game at Memphis.
Brendon Lewis threw two touchdown passes and Patrick Garwo ran for two for Nevada, which unlike Troy was playing its second game of the season. The Wolf Pack lost 29-24 at home to SMU last week.
Taylor’s 25-yard touchdown run and Gerald Green’s 16-yarder gave Troy a 14-0 lead late in the first half, but Nevada got on the board on Lewis’ 17-yard touchdown pass to Jace Henry with 25 seconds left in the half. The point-after failed, however, and the Trojans took a 14-6 lead to the locker room.
The Wolf Pack scored in just three plays to begin the second half, with Savion Red running 69 yards to the Troy 5 on the first snap. Two plays later, Garwo ran in from a yard out and Lewis hit Jaden Smith for 2 points and 14-14 tie with 13:55 left in the third.
Renfroe’s 30-yard field goal put Troy up 17-14 midway through the third, but Nevada scored on Garwo’s 22-yard run to take a 21-17 lead after three. After forcing a Trojans punt, the Wolf Pack drove for Lewis’ 7-yard TD pass to Marcus Bellon and 28-17 advantage with 12:56 remaining.
Troy had first-and-goal from the Nevada 5 on its next drive, but could not punch the ball in. After Green was stopped for no gain on third down from the 1, Parker elected to have Renfroe kick a short field goal with 6:12 left rather than go for it.
Nevada then got the ball to midfield, but punted with 2:17 to play. The Trojans converted two third downs on the way to Crowder’s TD pass, but could not finish off the comeback.
“I’m proud of our guys,” Parker said. “They battled to the end and played football to the last chance to tie that game up with the two-point play. We just didn’t have enough. I hold myself responsible for everything that happened. We will look at this as we always do with a critical eye to see where we are, see where our personnel is and our schemes and put ourselves in a position to go win a game next week. That’s all we can do.
“We’ve been at this for a long time. This stings. It hurts, and losing is not acceptable here, and we know that. We’ll do everything in our power to make this football team where we want it to be.”
Lewis completed 17 of 20 passes for 158 yards for Nevada, while Red ran for 135 yards on 11 carries and Garwo added 53 yards and the two scores on nine attempts. Nevada outgained Troy 393 yards to 391, but neither team turned the ball over.
Troy’s game at Memphis next Saturday kicks off at 11 a.m. on ESPNU.
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