Signals point to more misery, university economist says

Smith, Hubble
December 2008
Las Vegas Business Press (10712186);12/22/2008, Vol. 25 Issue 51, p13
The article features the annual economic outlook of Keith Schwer, an economist at the University of Nevada, Las Vegas. Schwer said that the existing economic recession in the U.S. points to more job losses in Southern Nevada. It was said that unemployment rate will go up while tourism and construction industries will continue to decline in 2009. Economic indicators that will register growth in 2009 include hotel and motel rooms with the opening of Encore and M Resort, housing permits, gaming revenue and visitor volume.


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