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Monday, April 18, 2011

Las Vegas adds jobs in March, first time in over 3 years

by Calculated Risk on 4/18/2011 02:54:00 PM

The BLS will release the Regional and State Employment and Unemployment report for March tomorrow ... here is a little good news from Nevada (highest state unemployment rate in the U.S.)

From Cy Ryan at the Las Vegas Sun: Las Vegas jobless rate dips to 13.3 percent in March

Employment in the Las Vegas area increased by more than 10,000 jobs in March -- the first increase in 38 months.
...
The state Department of Employment, Training and Rehabilitation reported today the Nevada jobless rate fell to 13.2 percent, down from 13.6 percent in February [peaked at 14.9% in 2010]. There were 1,114,400 Nevadans with jobs, an increase of more than 10,000 from a month earlier.

”Nevada's labor markets showed signs of life in March, hinting what may be the beginnings of an economic recovery,” says Bill Anderson, chief economist of the department.
It will not be all good news tomorrow. California lost jobs in March, although this follows a record increase in jobs added in February - and the California unemployment rate declined in March. From Alana Semuels at the LA Times: California employers cut a net 11,600 jobs in March
The state lost a net 11,600 jobs in March after adding a record 84,600 in February, and the unemployment rate fell to 12% from 12.1%.