Sep
30
Nevada’s Economy: Nevada Weekly Earnings Remain Well Off National Pace

Nevada's Economy: Nevada Weekly Earnings Remain Well Off National Pace

 

Nevada lags well behind the nation during the recovery from the Great Recession. At 52.4 percent, Nevada still has the highest percentage of home-owners underwater on their mortgages. Nevada’s unemployment rate remains the highest in the nation at 9.5 percent. Nevada lost 14.4 percent of its jobs during the Great Recession, and as of July, statewide employment was still 11.3 percent below the high-water mark of 1.297 million set in May 2007. As a point of comparison, the United States as a whole lost 6.3 percent of its jobs during the Great Recession, and as of July, nationwide employment was 1.5 percent below the high-water mark of 138.056 million set in January 2008.

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