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Initial jobless claims fall 9.7 percent in August

Initial jobless claims fall 9.7 percent in August

By Joyce Lupiani. CREATED Sep 13, 2012

CARSON CITY, Nev. (AP) -- The number of Nevadans filing for new jobless benefits fell 9.7 percent in August compared with the same month a year ago.

According to the Nevada Department of Employment, Training and Rehabilitation, 17,003 initial claims were filed last month, down from 18,825 filed in August 2011.

State economist Bill Anderson says the rate of initial claims has been decreasing in 32 of the past 33 months and suggests Nevada's economy is stabilizing. He adds, however, that job loss remains elevated and the pace of employment growth is likely to remain slower than pre-recession levels for some time to come.

The agency will release its detailed August unemployment report on Sept. 21.
 

Joyce Lupiani

Joyce Lupiani

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Joyce Lupiani is the managing editor for PositivelyLV.com and contributes to KTNV.com and NowTrending.com.