Nevada job loss continues

[marmar]

from the Review-Journal:



EMPLOYMENT: Nevada job loss continues
Boom-period construction gains vanish, statistics show

By JENNIFER ROBISON
LAS VEGAS REVIEW-JOURNAL


The last time construction employment was this low in Nevada, MGM Mirage didn't exist, Bellagio and The Venetian weren't open and the Las Vegas Beltway went from Pecos Road to Interstate 15.

From a jobs standpoint, it's almost as if the economic heyday of the late 1990s and early 2000s never happened. (Was Bobby Ewing in your shower this morning telling you it was all a dream? And if you don't know what we're talking about, then you weren't around either the last time construction employment was so low.)

Nevada has given back all of its boom-era construction jobs and then some, the state Department of Employment, Training and Rehabilitation reported Monday. The department's latest data show records of 13.3 percent joblessness statewide and 13.9 percent in Las Vegas in September, and the building sector leads the way in job loss. Contractors added 48,000 jobs statewide from 1997 to 2007, and they've shed 50,000 positions since the recession began in December 2007.

The leisure sector, at least, managed to hang on to more than half of its long-term job formation: Hospitality operators created 77,300 jobs from 1997 to 2007, and have cut 30,000 posts in the last two years. Year over year in September, the number of jobs in all categories fell by 76,500 statewide. ..........(more)

The complete piece is at: http://www.lvrj.com/business/nevada-job-loss-continues-64905457.html

[kestrel91316]

1. (kestrel wonders if the journalist is one of her countless cousins)

[Rage for Order]

2. Cities that cater to people with disposable income...

Get hit harder than most other cities when, nationwide, people have much less disposable income.

[Angry Dragon]

3. Vegas....the City oc Sin

When I went to Vegas I spent most of my time off the strip. Houses were to the mountains to the west, houses going up on all sides.

I could never figure out who was going to buy and live in all the houses they were building.

[Liberal_in_LA]

4. There was a huge exodus to Vegas in the 90s. it was the promised land

I never got the draw.