Nevada’s jobless rate climbed to 7.3 percent in September, which is the highest it’s been during the last 23 years, according to the state Department of Employment, Training and Rehabilitation. More than 102,000 individuals were without jobs in Nevada.
To make matters worse, 4,700 of those without jobs in Nevada who were claiming unemployment in September exhausted their benefits, said Cy Ryan of the Las Vegas Sun. These individuals will no longer be receiving checks and will have to do without until they are able to find work.
David Schmidt, who is an economist with the department, told the newspaper that before this the highest number of unemployed in the state to use up their benefits was 4,565 residents in April 2002.
The national recession has effected Nevada jobs severely. Parts of the state rely heavily on tourism, such as Las Vegas. With the way the economy is, fewer people can afford to travel let alone gamble. Because of this, hotels, casinos and retailers are experiencing a sever drop in their profits. This, in turn, has caused them to scale back the number of Las Vegas jobs they provide.
With tourism and gaming down, several new additions to the industry have been put on hold. Because of this and the housing market slump, construction jobs in Nevada have fallen drastically.
Another problem that the area faces is that much of its workforce is uneducated in comparison to that of the rest of the country. According to the United States Bureau of Labor statistics, only 18.2 percent of residents have a bachelors degree and another 19.3 percent did not graduate from high school. In Las Vegas the percentage of high school drop outs is as high as 21.5.
The problem isn’t that there are no jobs in Nevada. The issue is there a few individuals who are properly trained for the positions available.
[...] With tourism and gaming down, several new additions to the industry have been put on hold. Because of this and the housing market slump, construction jobs in Nevada have fallen drastically. Another problem that the area faces is that .. Original post [...]