A UNLV index that measures economic growth fell in June, signaling that job creation is likely to be weak for the remainder of the year.
The Southern Nevada Index of Leading Economic Indicators fell by 0.53 percent in June. The decline follows a 0.52 percent drop in May, continuing an up and down pattern of the index.
“This continuing pattern gives us little reason to see substantive improvement in the Southern Nevada job picture during the next four to six months,” said Bob Potts, the assistant director of the Center for Business and Economic Research.
The June index measures economic activity in April. It fell because of a March to April decline in all 10 of the categories measured. That includes retail sales, gross gaming revenue, visitor volume and convention attendance. Commercial and residential permitting also fell.
The index fell 0.27 percent from measurements in April 2010.