According to the Nevada Department of Employment, Training and Rehabilitation, “Nevada’s unemployment rate rose again for the sixth consecutive month, hitting 7.6 percent in October, which is the highest it’s been since May 1985. The state’s rate has exceeded the national average every month since mid-2007. The national rate was 6.5 percent in October.”
This is up from 7.2 percent in September and 2.5 percent higher than October of 2007. Job losses fell across a broad base of the economy including housing, commercial development and consumer spending. The entire press release follows after the break. (more…)