Nevada jobless rate jumps again

[marmar]

from the Las Vegas Review-Journal:




Nevada just can't catch a break on the jobs front.

After capturing the top spot nationwide for unemployment in May, the Silver State followed up with still more disheartening news in June, as joblessness hit a record of 14.2 percent, the state Department of Employment, Training & Rehabilitation said Monday. Las Vegas posted a new high as well, with unemployment jumping to 14.5 percent.


Officially, 193,300 Nevadans, including 141,500 Las Vegans, lack work and are seeking jobs.

And the situation might be worse than it appears: Throw in discouraged workers who've given up the job hunt and underemployed part-timers who would rather work full time , and unemployment runs roughly 75 percent higher than the stated rate, said Bill Anderson, chief economist for the employment department. So, that 14.2 percent? It's probably closer to 23 percent unofficially.

The newest figures launched a fresh round of grandstanding and finger-pointing among Nevada politicians gearing up for November's midterm congressional elections.

Senate Majority Leader Harry Reid talked up his plans for help, which included the Wall Street reform bill passed last week, proposed tax cuts for small businesses and additional unemployment benefits for the jobless. ...........(more)

The complete piece is at: http://www.lvrj.com/business/nevada-s-jobless-rate-reaches-record-14-2-percent-98737824.html

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