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Nevada Unemployment Drops In October

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(photo: ROBYN BECK/AFP/Getty Images)

(photo: ROBYN BECK/AFP/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Las Vegas, NV) — Unemployment in Nevada has dropped to its lowest point since May 2009.

The statewide rate fell to a seasonally adjusted 11.5%, down from 11.8% in September.

According to the Nevada Department of Employment, 4700 new jobs were added, that’s almost double the typical number for October.

Weekly wages were up 2.6%.

Governor Brian Sandoval calls the news “a significant step for our state”, but says the rate is still high and stresses the need for sustained economic diversification and private sector job growth.

But its not all good news, employment is still down 157,000 from the start of the recession in 2007.

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