Nevada’s unemployment rate drops to 10.8 percent - FOX5 Vegas - KVVU

Nevada’s unemployment rate drops to 10.8 percent

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LAS VEGAS (FOX5) -

The jobless rate in the state has dropped to 10.8 percent, the lowest it has been in more than three years.

For Las Vegas, the rate fell to 10.4 percent, a decline of 2.6 percentage points from 2011.

Gov. Brian Sandoval is encouraged by these latest numbers, but says there is still work to be done.

"In order to grow our state's economy, we must continue to diversify, recruit new businesses to Nevada and help retrain workers still looking for employment," he said.

According to Bill Anderson, the chief economist for the Nevada Department of Employment, Training and Rehabilitation, the unemployment rate has averaged 11.7 percent for the first 11 months of the year. That is down from 13.6 percent during the same period in 2011.

The national unemployment rate is 7.7 percent.

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