Silver State Jobless Rate Drops to Four-Year Low

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Nevada's unemployment rate hit a four-year
low in August, dropping four-tenths of a percent from the month
before to a seasonally adjusted rate of 4 percent.
It's a level "not seen since before the national recession and
the Sept. 11 terrorist attacks," Gov. Kenny Guinn said Friday. He
said the rate shows Nevada's economy is strong and resilient.
"Employment has increased by more than 46,000 statewide in the
past year," Guinn said.
Statistics from the state Department of Employment, Training and
Rehabilitation showed that the number of employed Nevadans grew by
about 8,000 from July to August, and total jobs in all industries
amounted to about 1.13 million.
The number of unemployed dropped from 54,400 in July to 45,900.
"Since August 2003 the number of unemployed workers in Nevada
has declined nearly 24 percent, while the labor force has increased
by more than 40,000 during the same period," said Birgit Baker,
director of the state employment agency.
Nevada's August jobless rate was 1.4 percent below the national
rate and 1.8 percent lower than neighboring California.
The department's labor market analysts estimate that during
August, the Las Vegas metropolitan statistical area, including Nye
County and Mohave County in Arizona, had a nonseasonally adjusted
unemployment rate of 4 percent, down from 4.6 percent in July.
The Reno area's nonseasonally adjusted jobless rate dropped
sixth-tenths of a percent from July to 3.2 percent.
In the Carson City market area, including Carson City and
Douglas, Lyon and Storey counties, August unemployment was reported
at 4.2 percent, down from 4.9 percent in July.
The Elko labor market area, which includes Elko and Eureka
counties, reported unemployment at 3.5 percent, down from 4.1
percent in July.
A breakdown of hiring by specific industries showed most sectors
either remained steady or grew slightly from July to August.
The casino-related leisure and hospitality industry was up 1,200
from July to August; while construction was 2,400.
Jobs in mining and information-telecommunications held steady.
Manufacturing was up 100; professional and business services
hiring was up 3,300; and education and health services hiring was
up 400.