Is Nevada’s economy booming or middling? It depends on the questions, who you ask

Is Nevada’s economy booming or middling? It depends on the questions, who you ask

Article brief provided by The Nevada Independent
  • Sean Golonka, The Nevada Independent
December 10, 2023 4:48 PM
  • Sean Golonka, The Nevada Independent

Looking at traditional indicators to get a sense of how Nevada’s economy is faring is a bit like betting on roulette.

Betting on black — or in this case finding a positive metric? You may or may not come out on top because the state’s economy is filled with mixed signals.

Good news: The state has seen 32 consecutive months of more than $1 billion in statewide gaming revenue. Bad news: Nevada has the highest unemployment rate in the nation — and has for months. Good news: Record tax collections have furnished the largest budget in state history. Bad news: Nevada ranks near-bottom nationally for average wages and wage growth.