VBD Weekly / APRIL 21 2023

Nevada March Unemployment Rate at 5.5%, Unchanged from Previous Month

VBD Weekly / APRIL 21 2023
VBD Weekly / APRIL 21 2023

APRIL 21 2022 / ISSUE NO. 72 / ARCHIVE

This Week's Top Stories

Nevada March Unemployment Rate at 5.5%, Unchanged from Previous Month

VBD Weekly / APRIL 21 2023
A map of Nevada (KeithBinns from Getty Images Signature)

According to the March 2023 report by Nevada Department of Employment, Training and Rehabilitation, the seasonally adjusted unemployment rate in Nevada was 5.5%, unchanged from previous month. The unadjusted unemployment rate decreased slightly, going from 5.7% to 5.4%.

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PNC Chief Economist Gus Faucher: Federal Reserve Beige Book Shows Economy Flat in Early Spring, Tighter Lending Standards, Slowing Inflation

VBD Weekly / APRIL 21 2023

This commentary is written by PNC Chief Economist Gus Faucher.

  • Economic conditions were unchanged in the early spring according to the Fed’s Beige Book.
  • The labor market continued to expand, but at a slower pace.
  • Inflation remained elevated but eased.
  • The early-March problems in the banking system weighed on credit and optimism.
  • The Beige Book supports PNC’s forecast for a mild recession starting later this year.

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A’s Purchase Land in Las Vegas to Build New Ballpark

VBD Weekly / APRIL 21 2023
A's Logo (Courtesy of A's)

The A’s announced it has entered into a binding purchase agreement to purchase 49 acres of land in Las Vegas to build a new 35,000-seat, $1.5 billion ballpark, located across the freeway from the Las Vegas Strip.

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LVGEA Adds New Team Members, Doubling Down on Business Development and Entrepreneurship Efforts

VBD Weekly / APRIL 21 2023
Heather Brown, Katy Evilsizor, and Mitch Keenan (Courtesy of LVGEA)

Las Vegas Global Economic Alliance (LVGEA), one of the eight Regional Development Authorities (RDA) in Nevada designated by the Governor’s Office of Economic Development (GOED), announced three new hires: Senior Vice President of Entrepreneurial Development Heather Brown, Associate Vice President Business Development Mitch Keenan, and Executive Assistant and Board Liaison Katy Evilsizor.

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