KLAS-TV Channel 8 News Las VegasLas Vegas Unemployment Hits 10 Percent
The unemployment rate in Las Vegas hit 10 percent in January making it the highest percentage of unemployment since 1983.
The statewide unemployment rate was 9.4 percent, up from 8.4 percent in December. Nevada's unemployment numbers continues to surpass the national average, which was 7.6 percent in January.
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"Nevada's employers scaled back jobs by nearly 60,000 in January from the same month a year ago. Job losses are broad based, but a few sectors are absorbing significant losses. For instance, construction employment is down by 20,100, leisure and hospitality is down by 19,000, and professional and business service employment is down by 10,800 over the year," said William Anderson, cheif economist for the Nevada epartment of Employment, Training & Rehabilitation.
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There are more than 106,000 unemployment claims being filed every week. The state unemployment trust fund is also in danger of running out of money and may have to start borrowing from the federal government by the end of the year.
