Thread: Jobless rate soars to 12.3 percent in Las Vegas

Jobless rate soars to 12.3 percent in Las Vegas

Report: 124,900 people out of work in June
By Cy Ryan (contact)

Friday, July 17, 2009 | 7:17 a.m.

CARSON CITY – Unemployment soared in Clark County in June, with nearly 125,000 people out of work as the state continued on its record pace of unemployment.

The state report, released today, says the jobless rate in the Las Vegas area reached 12.3 percent in June, compared to 11.1 percent in the previous month.

There were 124,900 unemployed, compared to 62,500 in the same month of 2008 and 12,500 higher than in May this year.

For the second straight month, the state set a record in unemployment, rising to 12 percent with an estimated 169,800 jobless, nearly double the 87,300 of a year ago.

“Nevada is experiencing the backlash from slowed consumer spending and declining visitor volume,â€

[quote]“Nevada is experiencing the backlash from slowed consumer spending and declining visitor volume,â€