Nevada and U.S. online “help wanted” ads increased in December over November, new report says
U.S. closes 2009 with larger-than-expected job loss; Nevada 3rd in new unemployment claims
Survey says LV business leaders have hope for national economy, little for local region
Employers expect uptick in hiring nationally in 2010, but Nevada’s recovery projected to be slower
After declining slightly in the two previous months, Las Vegas-area unemployment increased in December to 13.1%, while Nevada’s overall rate of 13.0% gave the state the dubious distinction of having the second-highest unemployment rate in the nation, state and federal officials reported earlier today.
Only Michigan, wracked by the collapse of the U.S. auto industry, reported a higher rate: 14.6%, the U.S. Bureau of Labor Statistics said.
More than 128,000 Southern Nevadans were jobless in December, an increase of almost 9.500 from the previous month. December was the 12th consecutive month of double-digit unemployment in the Las Vegas Valley.
“The much anticipated opening of CityCenter in Las Vegas failed to be the immediate catalyst the leisure and hospitality industry needed to stop the evaporation of jobs,” Bill Anderson, chief economist for the Nevada Department of Employment, Training and Rehabilitation, said in a statement.
Nevada current employment recession is now officially worse than all others in the modern era in terms of depth and length, Anderson told the Las Vegas Sun. Previously, the worst was in the early 1980s, when job loss was 4.5% year over year, contrasted against more than 6% now. And things aren’t expected to get better anytime soon, he added. “Despite the length and depth of the downturn, Nevada’s job market will likely worsen in the months ahead,” Anderson said.
Forty-two other states and the District of Columbia recorded over-the-month unemployment rate increases, four had decreases, and three remained stable, according to the BLS report, although the jobless rates increased in all 50 states and the District of Columbia year over year. The national unemployment rate was unchanged in December at 10.0%, but was 2.6 percentage points higher than a year earlier.
Compared to December 2008, construction employment in Southern Nevada fell by 23,600 jobs, to 63,000 last month. The number of hotel and casino employees decreased another 24,100, to 146,200.
The federal January employment report will be issued Feb. 5.