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Las Vegas Continues Drop In Unemployment

CARSON CITY, Nev. (AP) — State economists say Nevada’s jobless rate fell to 12 percent in March, down from 12.3 percent the month earlier.

The state Department of Employment, Training and Rehabilitation says Friday that Las Vegas’ unemployment rate is 12.1 percent, down from 12.2 in February.

Northern Nevada also posted slight drops. Reno’s jobless rate is 12 percent, down from 12.2 percent, and Carson City’s rate is 12.4 percent, down from 12.6 percent.

State economist Bill Anderson say most of the decline comes from erosion in the labor force as discouraged workers drop out of the job force.

But he notes that the state added a seasonally adjusted 5,000 jobs from month to month, which is more than expected.

Nevada’s unemployment remains higher than the national rate of 8.2 percent.

Comments

One Comment

  1. Shecky Vegas says:

    That’s it! Happy days are here again! Now, let’s start jacking up those home prices!
    Wheeeeeee!!!

  2. tom says:

    “Most of the decline”. Are we supposed to get giddy over this smoke and mirror feel good statistic?

  3. The Realist says:

    I have been out of work for almost 2 1/2 years. I have looked, and cotinue to, 5 to 7 days a week with no luck. I am not counted because I no longer collect unemployment. I talked to a guy yesterday that is moving out of state because he can’t find a job here. I’m 64, but he’s like 30-35. I know numerous other people that are in the same boat. Unemployment isn’t declining, they have just stopped counting us.

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