Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Nevada No Longer Leads Nation In Unemployment

By MICHELLE RINDELS

LAS VEGAS (AP) ⿿ Nevada has shed its long-held title as the national leader in unemployment, falling behind Rhode Island as its jobless rate dropped for the 18th straight month.

The state Department of Employment, Training and Rehabilitation announced Friday that the unemployment rate fell to 9.7 percent in January, after adding a seasonally adjusted 6,600 jobs over a month.

"The state's economy continued to produce new jobs at a decent pace," said chief state economist Bill Anderson. "Most economic and labor market barometers are pointing in a positive direction, so we maintain an outlook of improvement in the job market in 2013."

Nevada had topped the country in joblessness since February 2010 but fell behind Rhode Island after chalking up a 9.8 percent unemployment rate in December, officials said.

The news comes as the unemployment picture improves on both local and national levels. The U.S. unemployment rate fell to a four-year low of 7.7 percent in February from 7.9 percent the previous month.

All three of the state's three main metropolitan areas posted improvements. Las Vegas' non-seasonally adjusted unemployment rate was 10.2 percent in January, down 2.3 points from a year ago. Reno-Sparks' jobless rate hit 10.6 in January, a decrease of 1.9 points year-over-year. And Carson City's rate went down to 11.2 percent, a drop of 1.8 points.

Job numbers typically decline from December to January as businesses trim their holiday workforce. But Nevada lost fewer jobs than usual after the holiday season, leading to a seasonally adjusted gain, officials said.

Employment increased in five major industries, led by hospitality, trade and transportation, and government. Five other industries lost jobs, led by professional and business services, construction, and education and health services.

Another landmark in the January report is construction, which essentially held steady in 2012 and counted 1,400 more jobs in January compared with the same time last year, officials said. The construction industry hasn't seen that kind of stability since 2006.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,387.58 52.30 0.34%
NASDAQ 3,502.12 5.69 0.16%
S&P 500 1,669.16 2.87 0.17%
US 10 Yr 1.944% -0.021

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs