State Unemployment Rate Down to 9% from 9.3% - KTVN Channel 2 - Reno Tahoe News Weather, Video -

State Unemployment Rate Down to 9% from 9.3%

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According to the Department of Employment, Training and Rehabilitation, Nevada's unemployment rate fell to 9 percent in November, down from 9.3 percent in October.

They say it is the most significant improvement in the unemployment rate since last November.

For the second month, the state has added jobs, with an adjusted addition of 9,500 in November relative to October, according to Bill Anderson, chief economist for Nevada DETR.

Each of the metropolitan areas saw a year over year and monthly decline. Reno/Sparks fell to 8.2 percent. Carson City stands at 9.1 percent. Elko is the lowest at 5.1 percent. Las Vegas is at 8.6 percent.

"While the continued decline in the unemployment rate is good news, Nevada's recovery is still slow compared to other states," Anderson said. "Because the Silver State was the hardest hit, its recovery will take longer. Of the jobs lost during 2007 to 2011, about one-quarter of them have returned."

"I am encouraged by recent labor market trends," Governor Brian Sandoval said. "The unemployment rate is the lowest it has been since November 2008 and employment has increased for 35 consecutive months (measured on a year-over-year basis), with nearly every sector of Nevada's economy making a contribution. As we end 2013, Nevada expects to have added approximately 50,000 jobs since 2010. However, with 123,000 Nevadans still unemployed, we must continue our efforts to strengthen and diversify the State's economy."

U.S. Senator Dean Heller issued the following statement regarding the Nevada unemployment figures:

"I am pleased to see Nevada's unemployment rate at the lowest in five years," said Senator Dean Heller. "While we have made significant strides to get Nevadans back to work, there is still much more to be done. Just this week, I introduced a bipartisan bill with Senator Jack Reed (D-RI) to prevent unemployed workers in the Silver State from losing their unemployment insurance after the holidays. Providing a safety net for those who have fallen on tough times is one of the most important functions of the federal government, and it is my hope Congress works to move our bill forward."

 

 

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