Las Vegas 2016: Unemployment Rate

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As the year 2015 closes out, we look to Las Vegas 2016 to see what might be in store for the future of our unemployment numbers and for the Las Vegas economic outlook overall. The local Las Vegas economy is finishing the year 2015 with an unemployment rate right around 6.8% This is exactly where the local Las Vegas economy was a year ago. This is however better than where we started the year off. Back in January the local economic market showed we were above 7% unemployment, and were there for several more months.

Even with the unemployment numbers in Las Vegas, and Nevada overall, being relatively stagnant, there is reason to be optimistic for the Las Vegas economic outlook. The state of Nevada did add almost 21,000 jobs within the last few months. Also, there are several major projects that will be completed in 2016 and others that will be completed within the next couple years. In 2016 we will see The MGM arena completed in the spring, the Eclipse moview theater will be completed in downtown Las Vegas in spring also, and Henderson's new hospital will be done in the fall. After 2016 the Alon Hotel and the World Resorts Genting Group will still be building their mega resort properties at the north end of the strip. All of these projects should help reduce unemployment and provide the local Las Vegas economy with thousands of jobs over the next few years.

Bureau of Labor Statistics
http://www.bls.gov/eag/eag.nv_lasvegas_msa.htm

Las Vegas Economy statistics
http://www.nevadaworkforce.com/

Las Vegas 2016: Unemployment Rate
https://www.youtube.com/watch?v=Mc3XMfo6jvg
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Las Vegas 2016: Real Estate Home Prices
https://www.youtube.com/watch?v=gaQecf8XBgM
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