Signs of Labor Market Recovery
(Carson City, NV) — More than ten-thousand new jobs were created in the Las Vegas Valley during March, helping Nevada’s unemployment rate fall to 13-point-two-percent. It’s the first year-to-year decline in more than three years. Vegas’ jobless rate dropped nearly half a point last month, to 13-point-three-percent, the lowest rate since December 2009.
State Department of Employment chief economist Bill Anderson says Nevada’s labor market is showing signs of what he calls “the beginnings of an economic recovery,” helped by more hiring in the tourism, business and health care sectors.