By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant changes in expectations came from: Factory Orders increasing from 0.3% to 2.6% Nonfarm Productivity changing direction from -2.1% to 2.2% Unit Labor Costs dropping from 4.2% to 2.1% These changes in expectations come following the positive Q2 GDP growth report from this week. GDP in Q2 grew by a 2.4% annual rate surpassing consensus expectations of 1.8%. Much of this growth came from personal consumption and business fixed investment. READ THE ORIGINAL ARTICLE

Diversifying the Las Vegas economy post pandemic By: Joe Moeller Posted at 8:10 PM, Jul 07, 2023 and last updated 8:10 PM, Jul 07, 2023 LAS VEGAS (KTNV) — With the economy on everyone's mind... there's encouraging news if you're looking for a job. But while new jobs are being created here and across the country... experts say interest rates are likely to rise again costing all of us more. The Bureau of Labor Statistics shows 209,000 jobs were added in June. That is slightly lower than what some expected. Meanwhile, payroll company ADP reports 497,000 jobs were added last month. That is much higher than expected. While job growth in Las Vegas has rebounded since the pandemic, economists continue to warn about the need for us to diversify away from leisure and hospitality. We spoke to one man who says moving his business from New York to Las Vegas was a gamble that paid off. Paolo Tiramani is the CEO of Boxabl. The company makes small homes that can be packaged up and sent around the world. "We are two years old, we have built 200 homes we are building [...]