LAS VEGAS (AP) — Nevada’s unemployment rate has fallen to a nine-year low, reaching 5.2 percent in November for the lowest rate since December 2007, state officials said Wednesday
The state Department of Employment, Training and Rehabilitation said that the jobless rate is down three-tenths of a percentage point from October. Unemployment rates have fallen year-over-year for 69 straight months, after peaking at nearly 14 percent in 2010.
“As 2016 nears an end, I’m encouraged by the significant progress our state has made as a result of our combined efforts these past six years,” Gov. Brian Sandoval said in a statement.
State economist Bill Anderson pointed out that there are more than 1.3 million jobs in the state — an all-time high and a full recovery from the depths of the recession.
“All things considered, the pace of the recovery is perhaps best described as moderate but sustainable; arguably a better scenario than the unprecedented conditions which preceded the economic downturn,” he said in a statement.
Nevada’s job growth rate of 3.2 percent is now the sixth-fastest in the nation, behind Utah, Idaho, Florida, Oregon and Georgia.