Las Vegas Unemployment Rate Drops

Las Vegas has been hit the hardest by the global recession. While many big cities across the country have seen a steady recovery, Las Vegas is still struggling to pick up the pieces, but it seems that things are beginning to look up, as it was just reported that the city’s unemployment rate has dropped from 14.4% to 14.1% in just one month.

This is the first decline for Las Vegas unemployment rate since 2005, when it was just 4.2%. It is amazing how quickly things change, as the current rate is more than double. Although casino gambling was thought to be a recession proof industry, the market seemed to be hit the hardest, so it has take quite some time to get back on its feet.

“This is a clear sign that the recession grip on Nevada may finally be loosening,” says a spokesperson for Las Vegas’ Department of Employment, Training and Rehabilitation.

However, the statistics only point to the fact that no more jobs will be eliminated. It does not indicate that there is going to be any increase in employment opportunities. Regardless, this is good news for the city of Las Vegas and it is hoped that the employment rate will continue its upswing.

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