This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nevada Jobless Rate Falls To 9.6 Percent


CARSON CITY, Nev. (AP) â¿¿ Nevada's jobless rate dropped to 9.6 percent in February, down from 11.8 percent a year ago and marking the biggest year-over-year decrease among states, the Nevada Department of Employment, Training and Rehabilitation reported Friday.

February's unemployment rate is the lowest since December 2008, said Bill Anderson, chief economist with the state agency.

Gov. Brian Sandoval said he was pleased with the "improving overall direction of the state's economy."

"Unemployment is trending down, jobs are moving in a positive direction and for the first time in more than a decade, women account for almost 46 percent of the total labor force," Sandoval said in a statement. "Many Nevadans, however, are still feeling the pain of our protracted recession and with 132,000 citizens among the unemployed, much work remains to be done."

The number of unemployed is a decrease of 600 from January and 31,200 from February 2012, the report said.

In Las Vegas, the unadjusted rate was 9.8 percent, down from 12.1 percent a year ago and 10.2 percent in January. The unemployment rate in the Reno-Sparks area fell to 10.1 percent, down from 12.2 percent in February 2012 and 10.5 percent the previous month.

Likewise, unemployment fell in Carson City to 10.7 percent, a more than 2 percentage point drop from last year.

Nationally, the seasonally adjusted national rate is 7.7 percent.

While the report was positive, Anderson said for the first time in six months the state lost jobs, with a seasonally adjusted decline of 5.500. Of those 4,700 were in the private sector, while 800 were government jobs.

Anderson explained that February typically brings a job burst of about 6,100 jobs from January.

"This year, however, just 600 jobs were added, resulting in the seasonally adjusted decline. Still, over-the-year jobs are up by 23,800," Anderson said.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs