After more than a year of financial devastation caused by shutdowns driven by the COVID-19 pandemic, the Nevada economy is undergoing a major recovery.
Through the beginning months of the pandemic, hundreds of thousands of Nevadans lost their jobs and the state’s most vital industries lost millions of dollars in revenue. High COVID-19 caseloads forced many businesses to scale back or shut down, as social-distancing guidelines and capacity limits remained in place.
Since the state’s vaccine rollout began in December, cases have declined, the state has gained greater control over the public health crisis and safety restrictions have eased, allowing businesses to open to a greater capacity and allowing the state to once again bring back millions of visitors each month.
Tens of thousands of Nevadans continue to receive unemployment benefits, and some businesses have been permanently closed by the pandemic. However, some parts of the state economy are showing signs of healing.
As the state’s economy continues its recovery, The Nevada Independent will track the most important economic indicators across the state on this page, including unemployment numbers, gaming revenue and housing prices. This page will be regularly updated throughout the year.
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