This "hopey changey" style of governance sure is working isn't it?
Posted on 01/22/2010 1:45:10 PM PST by mdittmar
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.
Nor does Anderson expect better times soon.
“Despite the length and depth of the downturn, Nevada’s job market will likely worsen in the months ahead,” he said.
The winter hiring season proved a bust for the state, with retailers hiring just 3,000 temporary workers between October and December. They typically bring on 6,000 holiday helpers.
And even with CityCenter’s December debut, the state’s hotel-casino sector lost 3,900 positions overall in December. About 75 percent of those losses happened in Las Vegas.
The ongoing employment recession has officially exceeded all modern-era recessions in Nevada for its length and depth. Before now, the worst downturn came in the early 1980s. That malaise lasted 18 months, and the steepest job losses totaled 4.5 percent. Today, the recession just celebrated its second anniversary, and employment has fallen more than 6 percent.
Since employment in Nevada peaked in May 2007, job losses have visited every employment category save one: the combined education and health services sector. Construction has felt the pinch the most, with 71,600 jobs gone. The leisure and hospitality industry is a distant second, with 44,100 positions lost.
The employment department also released data showing that Nevada’s population and job-formation rates slackened considerably in the last decade.
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.”
Buh Bye, Dingy!
Obama...send US the money!! Instead of your Union cronies.
Hope & Change. I had a company that wanted me to go to Vegas for a meeting. I said no thanks, Obama told me not to go to Vegas.
We’ll “put aside partisan politics” Harry you imbecile. We’ll put YOU aside.
...but 0bama is still “creating jobs.” /s
Don’t worry Harry......Mr. Orator in chief is on the way to save your bacon. Look what happened in Virginia and New Jersey and Mass.....oh wait.....Harry, you are in deep doo doo.
Maybe Pelosi can come help on one of her expensive fly overs on the way to San Fran..... Just have her do her hair so she does not look like a corpse that just admitted that her ‘jam the health care down their throats’ plan failed.
Well this should help the good folks of Nevada elect ANYBODY ELSE but Harry Reid.
Well, like Obama said a few months back: “You can’t get corporate jets, you can’t go take a trip to Las Vegas or go down to the Super Bowl on the taxpayer’s dime.”
Mission accomplished.
http://latimesblogs.latimes.com/washington/2009/05/barack-obama-harry-reid.html
Well, unless old Harry needs a fundraiser.
The only way Pelosi would stop between D.C. and S.F. is
if the plane is on fire!
WOW.... You mean having the “most powerful man in the Senate” hasn’t helped them. Who knew?
http://www.freerepublic.com/focus/f-news/2433867/posts
Is Tarkanian beating Lowden? I really know nothing of them other then the establishment wants Lowden even though they are polling similiarly. For this reason I want him to win.
Just go to their websites,it ain’t brain surgery;)
This "hopey changey" style of governance sure is working isn't it?
Harry hears this: Tick, tick, tick,,,,,,,,,,,,,
Yeah, heavy on the sarcasm. See post #15...
Let's celebrate the fruits of plenty.
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