A projected 249,700 people in Clark County are at risk of eviction starting next month. “It’s just sort of a bad confluence of events,” Guinn Center executive director Nancy Brune said.
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Nevada’s unemployment rate shot up to the highest level in years last month as the coronavirus pandemic started shutting down the economy.
Oxford Economics last week ranked Nevada the second-most economically vulnerable state behind Maine, saying the Silver State’s tourism sector, as measured by its share of financial output, is more than four times larger than the country’s.
As the pandemic wreaks havoc on the economy with sweeping business closures and record job losses, delinquencies are expected to rise nationwide, a new report indicates.
Las Vegas’ economy was humming along — and then the coronavirus hit.