Friday, July 30, 2010 | 4:12 p.m.
The July index that forecasts the Southern Nevada economy and job growth through Nov. 1 shows no promise of a quick recovery.
The Southern Nevada Index of Leading Economic Indicators released Friday recorded a 0.57 percent decline from the June index and 0.57 decline from the July 2009 index.
The index calculated by the Center for Business and Economic Research at UNLV measures data from May. It listed visitor volume and convention attendance as helping push the index up while taxable sales, passenger counts and gaming revenue pulled it down.
“The series exerting the largest drag on the index was taxable sales,” according to report. “Weakness is current spending patterns indicates weak job growth in the near future.”
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