Nevada Unemployment Rate Falls in November - 8 News NOW

Nevada Unemployment Rate Falls in November

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CARSON CITY, Nev. - Nevada's unemployment rate fell to its lowest level in three years in November.

The Nevada Department of Employment, Training and Rehabilitation reports the unemployment rate hit 10.8 percent last month. That compares with 13.2 percent last year.

Las Vegas' unemployment fell to 10.4 percent last month from 13.0 percent in November 2011.

"The news on the jobs front in November is especially encouraging," NDETR Chief Economist Bill Anderson said in a statement.

"Typically, job readings decline slightly by 1,200 over the October-November period. This November, however, job readings actually increased by 8,000. The end result is a seasonally adjusted gain of 9,200, the most pronounced monthly increase since April 2005. In addition, monthly job growth equaled or exceeded November's gain just nine times since 1990. For the year, employment is up 8,600 relative to the first 11 months of last year."

Nevada's unemployment rate still surpassed the national rate of 7.7 percent.

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