July 22, 2014
Nevada's unemployment rate just hit a two year high.
For the second consecutive month, Nevada's unemployment rate crept up, hitting 4.5 percent in July. That's the highest since August 2004, according to statistics released Friday.
The report shows an increase in unemployment in Reno and Sparks to 4.2 percent, and over 5 percent in Carson City. Nationwide, unemployment was also up...at 4.8 percent.
State employement officials say the loss of government jobs during the summer...and the surge of high school and college graduates hitting the summer job market...affected the numbers.
The full impact of any slowdown in the state's economy won't be apparent until the fall, when those groups return to work or school.