Well, today, the Las Vegas Valley hit the 14% unemployment rate for the month of April.
A couple of thoughts: Green energy that Harry Reid has bet on has not and will not help the unemployment rate.
There is very little hope that the unemployment rate will not come down significantly any time soon.
Incumbent politicians are in big trouble. This includes little and big Reid, Heller, Titus, Berkely and Gibbons.
There will be more government layoffs. The private sector lays will also continue.
Many illegals will be going back to Mexico or other cities.
Because of so many people unemployed, there will be more foreclosures and more evictions from apartments.
There is nothing the local governments can do to help the unemployment rate. The private sector will hire when they need to. However government can screw things up and that is what is happening now, especially with the Feds. Harry Reid has killed more jobs in Nevada than he has created and with more taxes and regulation on the horizon, hiring just will not happen.
Also, with the extending of unemployment benefits, it decreases the chances a person will look for a job right away.
The minimum wage hikes have something to do with the increase in the unemployment rate. Businesses have made it clear that they cannot afford workers at the new minmum wage and the unemployment rate shows that.
So, how high will the unemployment go to? 15,16 or 17% Who knows but we need politicians and the private sector work together to get some jobs here, but it is not happening, especially with the federal politicians.
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