Nevada's Unemployment Rate Hits 10.1%

Nevada’s unemployment rate has nearly doubled since last February when it stood at 5.5 percent and the unemployment rate is quickly approaching the highest rate ever recorded (10.7 percent, reached in December 1982).

Nevada’s unemployment rate continues to surpass the national unemployment rate, which was 8.1 percent in February. In the Las Vegas-Paradise, an estimated 102,500 workers were without a job, pushing the rate to 10.1 percent.

“Since the start of the recession, in December 2007, the unemployment rate has increased every month, nearly doubling over the period. Since September, the economy has shed over 50,000 jobs, suggesting the economy decelerated markedly during the final months of 2008 into 2009.”

Link to DETR Press release