To help you understand what is going on in the economy our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…
Nevada will post the strongest job growth in 2024 among the Pacific states, with a 3.0% increase. The Silver State’s 5.4% unemployment rate indicates that there is still room for hiring. Sectors such as hospitality have seen steady gains, surpassing pre-pandemic employment levels — good for the Las Vegas metro area, where hospitality accounts for one in four jobs and one in three dollars. The crash in lithium prices has caused a reduction in output at the Tonopah mine and put proposed mining projects at Thacker Pass, Rhyolite Ridge, and Clayton Canyon. A private high-speed rail line between Las Vegas and Los Angeles has received partial federal funding. Though it has yet to break ground, it is planned to be finished by the 2028 Los Angeles Olympics.
