By: Chris Way
The new numbers from the Nevada Department of Employment Training and Rehabilitation are in, and the data shows that the state’s unemployment rate crept above the “full employment” level of 5 percent to 5.1 percent in September. That is up a full percentage point from September of 2006 when the rate was 4.1 percent. The rate also remains above the national average of 4.7 percent.
Bill Anderson, chief economist for the Department, Training & Rehabilitation, said that the jump in unemployment is due in large part to the continued workforce migration to Nevada. “The labor force grew by more than 17,000 in September, and again the state’s slowing
economy could not absorb all of the new workers,” Anderson said in a press release issued today.
The unemployment rate in Clark County actually surpassed the state’s average, rising to 5.2 percent in September. The housing slump and loss of related jobs was a major factor in the rise of the unemployment rate.