Nevada jobless rate rises to 12.1 percent in August
CREATED Sep. 21, 2012
CARSON CITY, Nev. (AP) -- Nevada's jobless rate crept up for the second month in a row to 12.1 percent in August, a sign Nevada's labor market has softened and job growth has eased.
Department of Employment, Training and Rehabilitation chief economist Bill Anderson says the new numbers show what he calls "the tenuous nature of the current economic environment."
The seasonally adjusted unemployment rate was 0.1 percentage points higher than July, though considerably less than the rate of 13.8 percent in August 2011.
The number of unemployed Nevadans grew by 2,200 in the past month to 165,900.
Gov. Brian Sandoval, who is on a trade mission this week to China and South Korea, said he was disappointed in the numbers, but said he remains encouraged by modest economic improvement over the past year.