14.3% Unemployment In Nevada Is Good News?

From The Las Vegas Sun: Unemployment in Las Vegas increased to 14.3 percent in November with a decline in those working in construction and in hotel-casinos.
The 14.3 percent rate compares with 14.1 percent in October, but a state official says this shows a stabilizing rate and that the worst of the recession might be over.
The state Department of Employment, Training and Rehabilitation reported today that Nevada’s unemployment rate in November rose to 14.3 percent, up 0.1 percent from October....
The jobless rate in the Reno-Sparks area grew from 12.8 percent in October to 13.2 percent in November. Carson City’s unemployment rate increased from 12.6 percent to 13.1 percent.
http://www.lasvegassun.com/news/2010/dec/17/las-vegas-jobless-rate-inches-143-percent-november/
From the LVRJ: "Slower erosion in the jobs market also suggests that unemployment here may have found its bottom. The state's jobless rate hovered between 14.2 percent and 14.4 percent from June to November; in the same period in 2008 and 2009, joblessness jumped 1.6 percentage points and 1.4 percentage points respectively.
"The stabilizing unemployment rate indicates that the worst of the recession is over," Anderson said. "However, the unemployment rate will likely remain elevated well into 2011 before declining slowly over a number of years."
http://www.lvrj.com/business/nevada-jobless-rate-rises-to-14-3-percent-112062349.html
So, unemployment goes up and the experts say unemployment is stabilized and that is good? No, the worst of the recession is not over when you have 14.3% unemployment. Maybe when the unemployment rate gets below 13, then 12 and then 11% can we say maybe the worst of the recession is over. The recession is certainly not over if you are among the 14.3% that are unemployed.
Until the unemployment rates drop below 10% then can we say the worst of the recession is over.