View Full Version : Nevada's unemployment rises to 13 percent

01-22-2010, 05:54 PM
"It Looks Like Old Dirty Harry Has Some Explaining to do to Just To Keep his Job !"

"And His Answer Is 'BUSH DONE IT'...":rolleyes:

The latest numbers released Friday that show fresh gains in unemployment suggest a recovery for Nevada's job market will have to wait.

New data from the state Department of Employment, Training & Rehabilitation show that unemployment in Nevada rose from 12.3 percent to 13 percent between November and December, even as the holiday hiring season kicked into full gear and the massive CityCenter megaresort opened with 12,000 employees. Joblessness in Clark County jumped a full percentage point month over month, going from 12.1 percent to 13.1 percent.

The rise in joblessness follows two straight months of declines in unemployment, though economists attributed declining joblessness in October and November to workers abandoning the labor force rather than to job formation.

December brought a sorry end to what Bill Anderson, chief economist for the employment department, called “a historically bad year for Nevada’s economy.”

By the time 2009 closed, Nevada’s employers had slashed 76,100 jobs from payrolls, the department said. The ranks of Nevada’s unemployed swelled 72,600 in 2009, rising 5 percentage points.
Nevada’s employment gains averaged 76 percent per decade from the 1940s to the 1990s. From December 1999 to December 2009, though, Nevada’s jobs base expanded by 15 percent — the slowest growth rate for any 10-year period. Population growth fell from 70 percent in the 1990s to 30 percent in the 2000s, though population and the jobs base have both nearly doubled since the mid-1990s, which could be at least partly behind smaller percentage spikes.

Senate Majority Leader Harry Reid, D-Nev., released a statement saying it took years “to get into this hole,” and he added that emphasizing green jobs in the alternative energy industry would help the state recover and reduce its economic reliance on tourism.

“The increase in Nevada’s unemployment rate should serve as a reminder to everyone that we must remain focused on a more aggressive effort to strengthen the economy and put Nevadans back to work,” Reid stated.

“It’s a reminder that stimulus money the state receives must be put to use without delay and that diversifying our state’s economy is the key to Nevada’s long-term economic stability. People are frustrated and they want action. Now is the time to set aside partisanship and stop bickering.”