Nevada's March jobless rate down to 12 percent

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Updated: 4/20/2012 7:19 am

CARSON CITY, Nev. (AP) — State economists say Nevada's jobless rate fell to 12 percent in March, down from 12.3 percent the month earlier.

The state Department of Employment, Training and Rehabilitation says Friday that Las Vegas' unemployment rate is 12.1 percent, down from 12.2 in February.

Northern Nevada also posted slight drops. Reno's jobless rate is 12 percent, down from 12.2 percent, and Carson City's rate is 12.4 percent, down from 12.6 percent.

State economist Bill Anderson say most of the decline comes from erosion in the labor force as discouraged workers drop out of the job force.

But he notes that the state added a seasonally adjusted 5,000 jobs from month to month, which is more than expected.

Nevada's unemployment remains higher than the national rate of 8.2 percent.

 

©2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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sonny89447 - 4/20/2012 9:03 AM
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Too bad that this means absolutely nothing. It doesn't compensate for people who don't collect unemployment because they have been out of work too long or their benefits have run out, Or the person has just given up looking for work because as hard as they try no one will hire them.
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