Dear Nevadans: You did a lot of this to yourself.
Posted on 09/19/2009 10:21:17 AM PDT by Zakeet
Unemployment continues to set records in Nevada and Las Vegas, and experts forecast higher joblessness in coming months even as the city's biggest resort begins hiring Monday.
Unemployment has spiked nearly a percentage point statewide, jumping from 12.5 percent in July to 13.2 percent in August, the state Department of Employment, Training and Rehabilitation said Friday. August's statewide unemployment rate was nearly triple the level at the recession's beginning in December 2007, when joblessness clocked in at 5.2 percent.
[Snip]
Officially, 183,000 Nevadans were out of work and actively hunting for jobs in August. In Las Vegas, 135,100 residents were unemployed. The state has lost 84,400 jobs in the past year, including 31,000 construction jobs, more than a quarter of the sector's work force, and 24,000 jobs in leisure and hospitality. Government employment dropped by 3,500.
Only the combined category of education and health services managed to add workers, with 1,400 new jobs on the payroll year-over-year in August.
Las Vegas employers slashed 60,400 jobs in the year, with two-thirds of those losses coming in construction and leisure.
[Snip]
[UNLV Business Development Director] Schwer said joblessnees could reach 14 percent, while [Local Research Firm Director] Gordon said a high of 15 percent is possible.
Joblessness should stabilize in 2010, and growth should return to the Silver State in 2011, [State Employment Department Director] Anderson said. But don't expect the 6 percent annual job growth Nevada enjoyed from 2004 to 2006. State economists forecast an expansion rate of about half that number, at 3 percent a year.
(Excerpt) Read more at lvrj.com ...
Dear Nevadans: You did a lot of this to yourself.
I don’t want you going to Las Vegas like those Wall Street
Fat Cats-Obama
It’d be even funnier if there’s wasn’t a typo.
What’s happening in Vegas isn’t staying in Vegas.
Dingy Harry and his sons probably make more money than half of those unemployed Nevadans, as Yucca Flats sits empty
And that dust cloud on the border is more Californians heading east into Nevada from the land of fruits and nuts.
I take it there is no plan for long term storage or disposal of nuke waste and yucca will be idled?
Much of Nevada’s recent growth has been due to discretionary spending, by people who had it to spend. They don’t have it to spend anymore.
When housing well and truly bottoms out there, you’ll see retirees and such buying them again, but not until then, and there is quite a backlog to sell. Las Vegas could actually contract in population a fair amount, before that point is reached.
It’s always struck me as a mirage, anyway. Not natural, not really real, some sort of massive adult amusement park, looming up out of the desert, defying nature. Much like Dubai, come to think of it. They’re not doing so hot now, either.
Its not just Nevada...42 states saw unemployment rise in August.
Anyone that thinks this recession is nearing an end is nuts.
yep, no plan excep the status quo
anti-nuc people WANT nuc power plant waste kept at local storage sites because it gives them issues to use to campaign against nuc powwer
Local storage sites are limited or almost at capacity, which limits plant operations and limits or denies expansion plans
localized storage sites magnify environmental security and logistical issues- which benefits the anti-nuc agenda
Yucca was the long researched very expensive and virtually complete solution- but Harry Reid, the obamites, and the rest of the left want no solution
Lots of very good jobs there. Lots of money wasted by the feds again. They cant do anything right, can they? The stupid party and the fascist party.
The Labor Department also reported Friday that 27 states saw their unemployment rates increase in August, and 14 states and Washington D.C., reported unemployment rates of 10 percent or above.
And the books were cooked. Damn!!!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.