Friday, July 22, 2011

NV Employment Slides in June

Nevada lost 6,209 jobs in June from the previous month according DETR's (Nevada Department of Employee Training and Rehabilitation) latest report. A large portion of the drop came from the fall of local government employment--down 3,100 in June from the previous month and trade, transportation, and utilities employment--down 2,300 during the same period. Hotel employment increased by 3,100 and business services employment increased by 1,600 in June from the previous month.

The unemployment rate in each Nevada county fell in June from the year before. Current unemployment rates range from 17.3% in Lyon County to 6.4% in Lander County. Nevada's unemployment rate inched up .3 percentage points to 12.4% in June from the month before while the U.S. unemployment rate increased .1 percentage point to 9.2% during the same period.

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Monday, July 11, 2011

Gaming Revenue Jumped in May



Gaming Revenue from the Las Vegas Strip leaped 16.2% in May from the year before--the third highest May gaming revenue since 1998 and the highest month since January 2008. Gaming revenue was helped by baccarat winnings and the World Boxing Champion Manny Pacquiao fight at the MGM Grand Garden Arena.



May's gaming revenue jump helped Nevada by lifting the Silver State's FYTD revenue 2.5% from the previous FYTD.