Friday, April 16, 2010

Unemployment Reaches New Unemployment Record

From the LVRJ: "Nevada's jobless rate reached a new record in March, as nearly 200,000 Nevadans continued the hunt for work.
But observers said they see signs that the state's brutal jobs market is stabilizing, with several key indicators pointing upward. First, the bleak statistics: Unemployment statewide rose to a record 13.4 percent in March, up from 13.2 percent in February. Joblessness in Las Vegas declined slightly, dipping to 13.8 percent. That's down from a high of 13.9 percent in February.
In all, 186,900 Nevadans -- including 136,000 Las Vegans -- were unemployed and seeking work in March....Economists have said unemployment in Nevada is considerably higher if you include part-timers who'd prefer full-time work and discouraged workers who've quit looking for jobs. Factor in those demographics, and statewide joblessness is likely closer to 25 percent.
For most states, the jobs picture improved in March."
Except of Nevada.
There are a lot reasons for the unemployment. One is that the construction business has almost have been eliminated and the tourist industry is still suffering.
But clearly some people don't get it. Some people include Harry "The Job Killer" Reid.
Senate Majority Leader Harry Reid, D-Nev., said in a statement that news of the latest jump in Nevada's unemployment rate was "disappointing."
But he added that investments in clean energy and tourism would help the state's employment outlook. Projects including a power-transmission line linking electric grids statewide, a wind-turbine factory and a solar plant in the Eldorado Valley will boost prospects for job hunters, Reid said.
http://www.lvrj.com/business/nevada-s-jobless-rate-climbs-to-13_4-percent-91023224.html
Harry just doesn't get it. These so called green jobs, if they develop at all, is not going to help Nevada for several years, if at all.
Another problem is that in the very near future, hundreds if not a thousand or more government employees are going to be laid off because of lower than expected tax revenues resulting in lower budgets.
So, the State of Nevada continues to burn while Harry and his minions fiddle.

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