With Record Unemployment, Is Now the Time to Kill Yucca?
Nicolas Loris /
Relying heavily on the slots and roulette tables to bring in revenue, it’s no surprise this recession hit Nevada’s economy especially hard:
The Silver State’s unemployment rose to 12.5 percent in July, while joblessness in especially hard-hit Las Vegas surged to 13.1 percent. It’s the highest jobless rate both statewide and locally since the state Department of Employment, Training and Rehabilitation began tracking data in 1976.
Bill Anderson, chief economist with the employment department, said Nevada remains mired in the longest, deepest recession since World War II, and recent labor-market trends don’t hint at any improvement. Joblessness in Nevada jumped 1.9 percentage points from April to June, the biggest three-month spike on record. Nevada shed nearly 28,000 jobs in the three-month period, including 15,000 jobs from June to July alone.”