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StumbleLas Vegas jobless rate hits record 14.2 percent
Published Friday, May 21, 2010 | 6:48 a.m.
Updated Friday, May 21, 2010 | 7:39 a.m.
Sun Coverage
CARSON CITY – Unemployment in Las Vegas in April shot to a record high of 14.2 percent with an estimated 140,900 residents out of work.
The state Department of Employment, Training and Rehabilitation also said the Nevada jobless rate hit a record high of 13.7 percent for the month.
“While the consensus may be that the recession is nearing the end, employment has not begun to show any signs of real improvement,” said William Anderson, chief economist of the state agency. The jobless rate in the Las Vegas area rose from 13.8 percent in March.
But Anderson said employment in leisure activities in Las Vegas showed a slight improvement. The number of workers employed in casino and hotels rose to 154,100 in April, up 1,100 from March. But when compared to April 2009, the figure was down 2.7 percent.
Anderson said there is some indication the gaming industry has reached or is near the bottom of the downturn.
Employment in the gaming-hotel business has increased each month this year. Gaming win is leveling out after months of declines and visitor volume has improved six of the past seven months in Southern Nevada.
The department said the statewide labor force grew 1.3 percent to 989,600 in April compared to the previous month. Nevada employers added 2,500 jobs in April with most of the increase coming from seasonal hiring in retail trade and leisure and hospitality.
Employers in the Las Vegas area added 1,300 jobs. Employment in the Reno-Sparks area increased by 1,200 and Carson City employers added 200 jobs.
The department said employment in the Las Vegas area rose to 794,400 in April, up 1.3 percent from the prior month. Construction fell to 47,400 jobs in April, down 800 workers from April.
It said employment in trade, transportation and utilities in April rose to 141,900, up 1,000 workers from March in Las Vegas. Employment in April in professional and business services rose to 100,300, up 400 from March.
The state department said the unemployment rate in the Reno-Sparks area rose from 10.8 percent in April 2009 to 13.5 percent in April this year. The unemployment rate in Carson City reached 13.4 percent in April, the same level as March.
The department said statewide employment in casino-hotels and gaming rose to 183,400, up from 182,300 in March. The number of jobs in the state fell to 62,700 in construction, down 700 workers from the previous month.
Trade, transportation and utilities employment statewide in April reached 207,300 jobs in April, 1,100 more than in March.
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That's almost as bad as Detroit!
Obama=Jimmy Carter on Steroids.
With the national debt and all the unfunded liabilities including Medicare, Social Security, Fannie Mae, etc... adding up to $79 trillion+ inclduing 0 interest rates and Wall St. Bailouts .... expect..
HUGE HYPERINFLATION AND MASSIVE DECLINE IN THE STANDARD OF LIVING...
Las Vegas most likely wont survive as well as
MOST OF THE URBAN AND SUBURBAN AREAS OF THE WORLD!!!
It's not time to be panicking yet.
We have plenty of time to depose Obummah from the Oval Office by defeating him in 2012, or instigating criminal charges against him for violating immigration laws, leading to impeachment and conviction punishment before Congress.
In East Texas we are slowly making a recovery, although it may be temporary. We are in the residential millwork business and we have about a ten week backlog of work on the books. I can't imagine what LV is facing in their attempt at a recovery. If LV doesn't get a large increase in visitors I am not sure where it will come from. Will definetly continue to be very painful. My best wishes to all of the unemployed.
People are told not to gamble and stay home and eat beans and rice by talk radio Tightwads.
This has hurt the economy along with prudes out at Metro who interfere with people's fun.
Most places have gambling and cheap housing.
The Libertarians have hurt the economy, many people think that Las Vegas has become a place with segregated casinos and lunch counters to appeal to Republicans and Libertarians who dominate talk radio and the editorial boards of some newspapers in town.
If you calculate the age of the 140,000 you probably find they are in between the ages of 45 -55,I don't believe this is for lack of jobs it's discrimination for older workers.
look on the bright side, cyrus. When a loaf of bread costs $5 trillion, that national debt is going to be really easy to pay off.
Wow, all that stimulus money is sure working great!
Bush and Obama must take the blame.
We didn't get tarp money when Gibbons didn't provide required state matching funds. I thought low taxes and Republicans created jobs. Second lowest taxes according to taxfoundation.org and a Republican governor. (He has nothing to do with the state?? It's all Obama?) The northeast with higher taxes is doing better. So much for the "low tax theory."
The problem is the libertarians that infest Nevada (with their nostalgia for segregation) have poisoned a global environment of advancement.
14.2%! did BP help them with that figure?
Las Vegas is retarted, we can't feed our families but we have the money to put brass statues on our freeways, someones got their head in the wrong place, when are we going to vote these buttheads out and find someone that really cares about Nevada and it's people.
The recession is over. We are now in a DEPRESSION. Inflation is now under control ( Not including ENERGY and FOOD ).
Since Nevada is lowest in taxes, why do businesses and jobs seem to be headed to "high Tax" states? Could it be our terrible schools?, our terrible roads? our lack of services? Our terrible infrastructure?
Since the next biennium's $6.4 billion budget is to be $3.5 billion short, how will "no new taxes" solve these problems? Are we going to shut off 50% of the street lamps? fire 50% of the police? fire 50% of the teachers? or just fire 50% of the politicians? Please explain how we solve this in a rational manner. Maybe business see this coming and don't think it is a good business environment.
BTW, my condo's HOA won't allow me to raise chickens on the patio. What is plan B for the co-pay for my next doctor's visit?
obamao has sent a clear message of "if you make it, i will take it".
why WOULD companies hire people when the extra revenue those people create are just going to be taken away?
there will be blips and beeps of good economic news...which liberal papers like the "sun" will not hesitate to publish, but vegas is years from any REAL turnaround. the worse it gets, the longer it will take to get better. just think of how many jobs need to be created just to get unemployment back down to 10%.
Another demonstration of how meaningless a figure the "unemployment rate" really is.
Up 4/10ths of a point in a month. But read down 8 paragraphs, and you'll see total employment actually ROSE in Las Vegas by 1.3%, as the market added a net 1,300 jobs in a month.
That means the gain was completely attributable to an increase in the labor pool, not the loss of jobs.
And where do those new workers come from? Some moved in from out of state, but a good chunk of these "new unemployed" were just as unemployed six months or a year ago as they are now. But since they just started looking for work last month, they were reclassified from "discouraged workers" (who aren't included in the official labor pool) to "unemployed workers." And they now count toward the unemployment rate again.
That's exactly why you see the unemployment rate spike at the end of a recession, as it did nationally in April. If it isn't being caused by job destruction, that spike is good news, not bad news, as it signals an employment turning point is close. (This story from US News & World Report explains it a bit better: http://www.usnews.com/money/blogs/flowch...)
Would be nice if someone actually explained that dynamic, instead of writing headlines about how the sky is falling.
I wonder; Numbers-wise,
What is total casino employment pre-recession.
What is total casino employment today.
And how do those numbers compare to the +/- in "gaming revenues" then to now.
This isn't particularly ABOUT "fixing Las Vegas".
When your ENTIRE ECONOMY is predicated on people taking a vacation to your gambling destination,
AND TO SPEND DOUGH WHILE HERE, you are actually at the mercy of the ENTIRE WORLD ECONOMY.
And you know what? It's in the crapper.
I'm still on my way to move to Las Vegas. Isn't much better in other parts of the country...might as well enjoy my summer playing some beautiful golf courses and doing some sight seeing after my move. The amazing thing is that in my part of the country (northeast), real estate hasn't been hit nearly so hard. Got 350k for my condo (tiny mortgage). Plenty left to enjoy myself in Sin City. Enjoy the southwest, it's one of the most beautiful places in the country. Negativity gets old. Enjoy this ride called life. It's over before you know it.
How come there are no stats for those who lost their unemployment and have no income coming in? My guess the figures for those people v. the new ones filing UI brings down the actual percentage of unemployed.
<If you calculate the age of the 140,000 you probably find they are in between the ages of 45 -55,I don't believe this is for lack of jobs it's discrimination for older workers>
Ain't that the truth. Also throw in the "overqualified" for those $9-10 an hour jobs that are in abundance. THOSE employers won't even look at you let alone talk to you!!!
Of course, all conservative nut jobs are going to blame Obama. They certainly don't want to blame their pathetic legislators.
Nevada is not Obama's fault. Nevada is a cesspool of lazy, gambling fools that would rather collect unemployment than go out and get a job.
Renouned Economist stevem says;
"obamao has sent a clear message of "if you make it, i will take it".
why WOULD companies hire people when the extra revenue those people create are just going to be taken away?"
Where in the world are you getting your information?
The OBAMA administration is doing a GREAT JOB righting bush's sunken U.S. economic ship... helping small businesses is certainly one way they've succeeded;
I beleive there might even be some TAX INCENTIVES...
Have you heard of the Hire act?
I moved to and now I have a good job. Get the hell out of Vegas if you want to live.
PLEASE EVERYONE !! remember these statistics and VOTE OUT ALL INCUMBENTS this fall !!!!!!
The problem for we Wage slaves is not the deficit but UNEMPLOYMENT. Jobs now building solar panels and windmills or doing anything.
That deficit was due mostly to the TARP which Bailed out rich people.You'd be a fool to vote for a trickle down republican; and be leery of conservative democrats
Enviroprotector and all the right wing bible beaters think goverment should create jobs and the economy.
You have NO infrastructure! No transit, no trains, and encourage smoking and then insist employers pay your healthcare. Why would they go there?
What do you expect politcians to do? You have low taxes already and no one cares. Silicon Valley is growing. Nevada has nothing to offer. You guys want everyone else to solve your problems. Do it yourself. Get educated, move where there is opportunity, and stop complaning with your hands out.
I'm just sayin:
http://www.infowars.com/bush-denies-real...
Actually, the national economy IS coming out of the deep hole Obama inherited. Unemployment numbers are always the last to recover. Business wants a certain number of unemployed because it puts them in the driver's seat when hiring (lower salaries, less benefits, more productivity, et al).
The problem here in Las Vegas is that, again, considering it's economic attributes, it is more susceptible for taking longer to recover. Las Vegas first of all was essentially ground zero of the housing market (one of the worse markets). It has a poor education system, a relative limited number of professionals across the board, a workforce that isn't highly skilled overall, a funding system incapable of matching Federal stimulus dollars, and a dependence on tourism that forces it to wait until other markets across the country rebound (sometimes years afterwards).
These factors have more to do with state and local leadership (or lack thereof).
I happen to be one of those unemployed, lazy gambling fools collecting unemployment that Doc_Holliday refered to; and I take exception to his comments!
First of all, I worked in the construction industry here for over 13 years and was laid off last January for the 2nd time in the last two years. I did not ask to be laid off and I have feverishly been looking for work since being let go. The problem, Doc_Holliday, has been stated in previous posts; employers just aren't hiring people like me because I am "Over qualified" for the positions I have applied for.
Another thing that has not been addressed is the fact that after companies laid people off over the past couple of years, they remained profitable, and in some cases, made record profits. The point is, if I owned a company and was more profitable with less employees, why in the world would I take on the additional finacial burden of more employees? Another trick that employers have pulled out of their hats (thanks to new laws, regulations, taxes, etc. cortesy of the federal government) is to hire people on a part-time basis, or as a contract employee, just to avoid having to pay the benefits. That has created a nightmare for job seekers because now you may have to find more than one job to make ends meet, and given the current job market, finding one job is hard enough, but two jobs is next to impossible.
Oh, one other thing, did I mention that I am retired from the U.S. Air Force and my work ethic has never been questioned? And another thing, I don't gamble. So taking all of these factors into account, I don't exactly fit into your stereotype of Nevadans.
My suggestion to you Doc_Holliday, is to walk a mile in my, or a fellow unemployed worker's, shoes before you spout off about something you don't know anything about. Your comments were offensive and ignorant! Obviously you are living in some wonder land bubble, protected from all of the outside influences, otherwise you would have never made those comments.
We did this to ourselves,We import everything under the sun.Lets go back 50 years,we export
everything.Washington has made so many rules that
it hard to start factorys.Washington states more small companies (open a 7 eleven).We need big factorys.We need to stop importing and make our own product.
BUY AMERICAN PRODUCTS
CLOSE OUR BOARDERS
Another reason unemployment continues to rise is the government keeps extending the unemployment benefits. Why work for $15 an hour when the government will pay you $10 an hour to do nothing??
Unemployment was down in 34 states and DC. This is not an Obama problem. This is a Nevada problem. We lagged the recession and we will lag the recovery. The city, county and state need to lure more diverse businesses to Las Vegas. Clearly low taxes aren't working by themselves. A better-educated work force would help, but higher education budgets were just slashed, schools are closing and class sizes are increasing.
Do you really think shortening the period for unemployment benefits is going to make employers hire people? Wow, are you misinformed. Shortening the benefit period just creates more havoc that is not needed. People are losing their homes and belongings because of job loss and the reality is there are not enough jobs in the Valley to put everyone back to work.
I know from personal experience, that you can wait 4 - 6 weeks after you apply for a job to hear whether you got the job or not (if contacted at all). Employers have been overwhelmed with applications and resumes and can't process them fast enough. I applied for a federal job in the Las Vegas area and was lucky enough to be one of the finalists, but was not selected. I asked them how many applications they had received for the two open positions, and I was told they received over 500 applications. It took two and half months after I applied for this job to get the first interview. In my opinion, the unemployment rate in Las Vegas has not topped out, just look at the layoffs forthcoming from our local governments. Hang on everybody, this is going to be a very bumpy ride!
Oregon's unemployment rate for April 2010 (10.6%) DECREASED by almost a full point compared to April 2009 (11.5%).
Don't forget that Oregon voted for significant new taxes on industry and the wealthy that began January 2010.
It will take years to undo the damage of Bush. You knuckle draggin GOPers think problems all can be solved in 30 minutes like on TV.
To those who say we should manufacture, how can we compete? Labor is too expensive and the healthcare for employers is too high. Do you think the factories will open in Nevada? They will go to coastal areas where they can export and to areas with good rail service.
U.S. is just like Europe now. In debt and labor is expensive. It is cheaper to outsource.
Lowering room rates and looser slots will not turn the city around.
Welcome to the land of Obama, it's only going to get worse. Unemployment in the private sector will hit 30% or more under Obama or any other liberal as far as that goes.
These buffoons don't want people to work; they want people to become codependent on their system, welfare or any other form of socialism.
What they're not telling the American public is the worst hasn't surfaced yet and they know it. They continue to spend knowing the banks and investors who have notes o commercial properties and apartments where their balloon notes are due or interest payments are about over with and these groups now need cash to pay off the original appraised value when the market price was 2 and 3 times more than today's market. This is going to drain another 3 trillion to 5 trillion from the system,
Harry Reid is gonna need a MIRACLE! Oh, and poolguy123 it's RETARDED, NOT retarted! Geez!
Who wants to be put into the game if you're hitting records riding the pine?
: {
Liberals and their voting pool have never accepted responsibility for their actions and choices they're made. When liberals start to become responsible productive members of society and they accept responsibility for their choices and stop looking backwards, then just maybe America can start the healing process, until then America will continue to become a cesspool of no good for nothing lazy people wanting everything for nothing.
Until then, we'll just sit back and watch them wish in one hand and xyz in the other hand and we'll see which one fills up first.
Blame the left and blame the right for this mess, does it really matter at this point? I believe that during the Great Depression UE rates in the USA were 20%-30% depending on the year and city. So, LV is about 5% off that mark? Now this is a serious problem.
At least from the 1940's through the 1970's there some sort of manufacturing base in the USA to get us out these downturns...
It's not the recession that has its grip on our economy, my fellow Nevadans. It's us. We don't seem to get it because it's ugly. And we don't want our arms around the truth if she's ugly.
What'll keep getting worse against the backdrop of recovery nationwide is our plight: unsustainable economy based on way too many people with far too few skills inbreeding unstopped for generations on the swindling of the math-challenged, drunkenness, gluttony, greed, glitz, great shows and cheap room and board - a concoction created to capitalize on simple human drive to indulge.
Problem is, taadaa, it's everywhere. Not so glitzy perhaps, but in our financial situation, expecting throngs to return is an exercise in futility.
Diversification through an educated populace who value our resource base completely beyond or beside the gambling and mining interests will remain our strong suit in the short run.
Iowa gets sunlight, fecund loam and corn; Kansas, sunlight, barley and wheat; Nevada, sunlight and sandy wind with a slight taste of salt.
airweare said: " ...too many people with far too few skills inbreeding unstopped for generations on the swindling of the math-challenged, drunkenness, gluttony, greed, glitz, great shows and cheap room and board ... "
And that's just the politicians (no matter what party) currently in office.
Am I too late to blame George Bush??? It's still his fault right? Just making sure I keep my liberal friends happy!
hey how's those rich old folks in the valley doin for ya. they come and suck up your water and casino coupons and god forbid use that goverment run medicare.
No you can blame Robert Rubin,Alan Greenpan,Ben Bernanke,Larry Summers, and Tim Giethner the apparent "politburo" of capitalism that refuses to regulate dark markets including credit default swaps and are lobbying against reform as we speak.
its true, vegas will be the last outpost to recover, if the current economic downturn ever improves. if i was laid off w/ a family and mortgage and bills i ,too, would be impatient w/obama.
Another reason unemployment continues to rise is the government keeps extending the unemployment benefits. Why work for $15 an hour when the government will pay you $10 an hour to do nothing??
Another one who knows nothing about what it is like to unemployed these days. $15 an hour????? Where the F did you get THAT number? Some of the jobs I interviewed for were paying $8.50-9.00 an hour, and I live in a State that actually has a diversified economy. But again - I am a liability because of my experience and the profession I was in for the last 30 years. No one will even THINK about hiring me for $10 an hour because they are afraid I will jump ship if a job comes along in the profession I am in. And I was told this right to my face!!
Right now I would take a part time job just to get the income coming in since I lost my UI benefits (which is a whole other story). I have no income, lost my health insurance and can barely pay my car insurance every month. I am sure I am not the only one in this position either. But until you walk in our shoes and do not know where your next $10 is going to come from and when - shut your mouths!
Terrible's Carwash is always on the lookout for new workers. If you don't mind staying outdoors in all sorts of weather, don't mind getting a drug test and work hard. If there is anyone out there complaining about not having a job, just go there and apply.
A corporation in exchange for your labor gives you a living and contributes to your medical coverage.The corporation suddenly decides to reduce your salary,your only options are to leave.Leave to go where? Leave and you have no money (apart from what you've scratched away) no medical benefits.So you stay,you have no choice.You are now totally reliant on the Corporation,they own you.Maybe I am off the wall,but I don't believe Vegas has as many problems as they make out.An employee doing the same job and more for a third less.Corporations dream.
Where's that terrible's carwash or are you making that up ?
I'd rather have inflation and a job !
Cyrus : Medicare and Social Security are funded, the Tarp for your rich buddies is unfunded.
boftx is the SNL of the SUN.
LMAO
and dipster,
your post is so down to earth in common ground, you walk the aisle in the light.
all the right wing bible beaters think goverment should create jobs and the economy.
huh?
umm...no. wrong.
we think PRIVATE ENTERPRISE should create jobs. they can't do that when liberals want to tax them to death.
There's that renouned economist stevem, ready to rock with the trickle Down Economics scam!!!
Yessir, let's LOWER TAXES on the Sue Lowdens so they can bank some more cash, and send us to see the Doc with a prayer and a chicken. Reagan & W2 already beat that horse to death, cowboy. Lookie what's happened, parder!
One key factor factor indicates US employment is leveling off.
See:
http://notionscapital.wordpress.com/2010...
Nevada's problem is unique and very simple: The corporations and state governments got greedy, and now you can gamble (pretty much) everywhere. And not just in this country; the Asians caught on, and have started building up casinos in their own backyard (Macau, Singapore), so there is less and less of a reason to come to Las Vegas. I love Las Vegas, but each year, there is less and less of an incentive to go there - favorite places get torn down (The Desert Inn, The Stardust), prices on everything go up, variety of atmospheres go down, comps go down, the personal touch disappears as hotels go from 1000 to 3000 to 6000 rooms, tight slots and 6/5 blackjack make it harder to make your money last in the casino, and the list goes on and on...blame it on Obama or Bush all you want (depending on your political viewpoint), but the problem is, Vegas is a one-trick pony town, and now, clones of that pony are everywhere, and when times are tough (and to a certain extent, even when they're not), it starts to make less and less sense to fly out into the desert to get fleeced at twice the price and worse odds than most Americans can get within an hour or few drive of their own homes nowadays...
But I do have to say, I agree with all those who have already pointed out that Nevada has the second-lowest state tax burden in the US, so if Las Vegas (and Nevada as a whole) isn't attracting scads of new businesses and residents, it really does have to make one ponder whether the type of low-tax, trickle-down economics the Republicans and conservatives are always pushing isn't indeed a pile of hogwash - if that's the case, then why are new tech businesses exploding in places like Pittsburgh? Taxes build infrastructure, and infrastructure attracts businesses and residents. Las Vegas and Nevada are a perfect example of how, when government steps aside and lets the free market take over, what you get is a massive overbuilding of unneccesary commercial infrastructure (Fountainbleu, anyone?), monopolies that strangle competition and poison the fairness of the marketplace (Harrah's & MGM Mirage, anyone?), and a lack of positive governmental infrastructure (good schools and hospitals, anyone?) that ultimately leads to a situation that pretty much looks like the sad economic state of the Las Vegas Valley today. Keep throwing all the eggs that you want at Obama & Reid, Republican'ts and Tea-baggers, but your economy in Las Vegas is the perfect endgame of eight years of Bushenomics. If you think things are bad now, just wait and see how much worse they will get for you if the Republicans do sweep back into power congressionally in the fall and Presidentially in '12!
We are a SERVICE INDUSTRY city. Let's find something else to capitalize on other than gaming...
Nobody is talking about the radical increase in the minimum wage and its predicted effect on employment. So now do you believe that the higher the minimum wage, the more people are locked out of jobs that give them the ability to step up and parlay their experience into a better paying job. 14+% is a record high and it's not just Obama's failure. It's Nevada's failure too.
why do people blame obama? Did you get any education? Who has been in power over the last several years leaving an in debt country for the next guy to take over and try to fix... not an easy job..
I bet you were the kids at school who blame everyone but yourself for things..
the big problem was the last government spending too much to make it look like you were wealthy when in fact the wealth was fantasy built on fake house prices..
come on ....
It's actually 42.3% ****FACT****
UNENPLOYMENT
BORIS FROM SQIRLLAND
I think we should have a huge nude-in for jobs on the whitehouse front lawn. Some guy up above blames Bush, yeah Bush was a failure, however Barrack is no better, so why do we need to wast our energy on who is worse? We need to start finding solutions, we will make Greece and Europe look like nothing, and we will take the whole world down with us. Sorry for you young people.
and there's gmag who seems to live for nothing other than to contradict every statement i make with some liberal "capitalism is evil" dogma.
trickle down is a scam?
really?
do you REALLY believe that or is that what you've been trained to say?
it's only a "scam" for people that think they should be entitled to make more than what the free market system says they are worth.
didn't go to school? have no training? no skills?
you're a cashier at target.
go to college? work hard? got sales skills or computer skills?
you hire and fire the cashiers at target.
I have lots of cash paying jobs form old retired people here in Las Vegas ! And i still get my free health care from UMC, or any where else that i have to go. My Sister she work real job (part time0 Got her income tax return 5 G's baby thank you Senior Reid !
PierreBeauRegard : What the hell does Obama have to do with the very obvious GREED of Las Vegas or did he cause that too? You need to have a Reality check and put your preisdents in line.Obama wasn't even a household name to anyone when this country started their downward spiral.HE did NOT recreate this mess and carely he didn't create the GREED in Vegas.You want to get pissed off at someone...look no further that your own neighborhood and your own so called elected officials.
Lower the minimum wage when you only raised it once in ten years, Have you rich republicans ever worked for wages ? Guess what ? your still hungry and homeless on the minimum wage. Bush and Paulsen bailed you wealthy out after he left the country in a corporate ash heap.
Obama said that 8% unemployment was unacceptable.
We now have a regime that is damaging the economy
with willful and wreckless spending.
Remember , you voted for him and Harry.
How's that Hope and Change working for you now?
hookershaky go to any Terribles Carwash and ask if they are hiring. Once you get an approval on a hire, all you need to do is go down to their headquarters. Or just go down to headquarters and fill out an application for any job. Terribles is a start. Good luck.
I am getting the impression that many of the business leaders in Nevada do not understand economics. These continual layoffs keep spiraling on down which affects more people and they are laid off. A plan needs to be developed to stop the bleeding.
How'd those Bush tax-cuts work out for most people? The Richest Americans made out like bandits:
http://www.epi.org/economic_snapshots/en...
TomD1228 is right about one thing: enjoy life before it's over, because it's over too fast. I'm convinced that the U.S./world economy is crashing and we may even find ourselves close to a world war. All through recorded history there are trying times! And I like to remind myself that even in so-called "good" economic times, you have people going bankrupt, businesses closing, people losing jobs, fatal accidents, fatal illnesses, etc. I've committed myself to making the best of life, whether it's going to hell in a handbasket or not.
It's Obama's fault! He's evil!
No, wait, It's Bush's fault! He's the evil one!
Obama, Bush, Obama, Bush...
Sister, daughter, sister, daughter...
burnemandturnem : ALL THIS happened even before Bush...surprised? Don't be
It's Obama's fault! He's evil!
It's Obama's fault! He's evil!
It's Obama's fault! He's evil!
It's Obama's fault! He's evil!
It's Obama's fault! He's evil!
It's Obama's fault! He's evil!
It's Obama's fault! He's evil!
It will be difficult for the U.S. to go back to their former dominance. After WWII, most importantly we were net exporters of oil, we were one of the few countries with their industries still intact, we had alot of open space to build housing and commercial buildings hence alot of construction work, health costs were not astronomical.
Its amazing that, at least for now, the communist country of China seems to be better at capitalisn than countries who have been at it for centuries. But perhaps the reason for this that all of the benefits that the western countries enjoy are not available in China. We may in the end have to give all of these things up just to compete in the global economy.
I am moving to Vegas also! I don't give a crap how bad it is there...I'll have fun...enjoy golf...and bet I even get a job. PS I dont really care if I get a job.. I retired at age 50....life is good...choose wisely grasshoppers...
Teachers could help the economy a lot if they stopped pressuring high school students to go to college. They need to tell them DON'T borrow money to go to college. College is an EVIL debt trap. You CANNOT default on student loan debt, even if your degree is useless. Unemployment amongst college grads is a disaster now, and student loan debt is destroying millions of lives. Read this article about how UC has helped destroy California:http://www.huffingtonpost.com/bob-samuels/how-the-university-of-cal_b_575326.html
Do you think if the feds got rid of the 200,000 or more illegals working here in town, we could put 200,000 citizens back to work?
It's going to get worse when Arizona's new immigration law kicks in, you'll see a flood of illegals coming to town. What will our leaders do then? Cater to them, or deport them?
you got that right fremmasmind. if we rid ourselves of the illegals and their children, most unemployed will be working and the schools won't be overflowing and maybe one could get into umc and see a dr. in under 7 hours. not to mention what we spend on WIC & FOOD STAMPS and Medicade. send the illegals back to where they came from and we won't need such large budgets. lets clean up our state and get american nevadans back to work. lots of illegals working in casinos - all casinos must use e-verify, all big businesses must use e-verify. stop illegals from using our city streets for their self-employment. stop belrose from being used as a car wash street. these people arn't paying for licenses or fees & taxes. they are putting the small business owners who do pay taxes and fees out of business. this is wrong - it must be stopped. GO AZ... NEVADA please follow before it's to late. we need to get all legal people back to work. CLOSE our BORDERS NOW. start deporting, even if it takes 10 years, get it done and clean up our streets and empty out our jails and schools of illegals. come in the legal way or stay out. close the borders and slow drugs that come in. kill two birds (or more) with one action, close the borders...
Every day more anti-business policies pour out of Washington. And Obama and his team criticize Arizona's Immigration Law. Meanwhile Obama herald's his program to loan money to small business. No responsible business owner borrows money when business is bad. To do so would be both irresponsible and simply a bad business decision. What we need is less regulation and less interference from monster sized government agencies that make doing business almost impossible. If you have ever dealt with OSHA or EPA you know this. Every agency that was meant to improve America ends up crippling America. And soon Obamacare will require business to file millions more forms and comply with confusing and conflicting legislation. If you think any of this is free to the consumer or employee you are wrong. The only people to benefit from all of this are the leaders (who just stuff money into their own pockets and those of their friends and supporters) and government employees, many of whom make in excess of 6 figures and enjoy retirement benefits that the rest of us can only dream about.
It will be over soon.12/21/2012 is around the corner. All you complainers and blamers will have to think of something else.
Never should have raised taxes. Especially the payroll tax whose outcome is to reduce employment. With the minimum wage spike looming expect unemployment to rise more, especially among low income Nevadans.
Low taxes are not a problem, there is more to attracting business than just low taxes, and by the way those are low taxes for people not corporate taxes. Also many other states who understand marketing give away free land, no corporate taxes, no sales taxes, free employee training, and pay for retirement programs to keep and attract companies. Ignore what you see on the books, thats like assuming the sticker price on a new car is the price you are suppose to pay and compare against. Only fools pay that price.
All this talk about how other states with higher taxes are attracting more is BS. California is bleeding businesses as are many other states. Corp. Executives know that it really does not matter where you go, only that it's good to move. Dump higher earning employees left behind and gain all kinds of under the table perks for the executives and for the corporation. Other states understand how to play this game, Nevada does not.
And those higher taxes many have mentioned and the great infrastructure they create? Clearly statements from people who travel little and get out beyond the hotels even less. Nevada has some of the best roads, parks, and infrastructure in the nation. Many of those states attracting other businesses do so simply because they know how to by of the executive and corporations and Nevada only knows how to play with it's insider developers and casinos.
Nevada is also horrible for the small business with it's overburden of licenses, permits, inspections, and fees. Some of the highest and most complex in the nation. Reducing the complexity of starting a business and getting meddlesome inspectors and countless departments other states don't have out of the process also invites business.
Lastly, is Nevada's rampant cronyism. Las Vegas as well as other cities here read like a family reunion as each department and agency are littered with a rotating cadre of family members friends, and business favors. Las vegas makes it terribly hard to open a business, and the briberies and pay offs to get it done make the old gangster days seem like going to church in it's openness and honesty. At least then you paid of the main gang and you were done with it. Now there are layers upon layers of payoffs, and favors, and getting past the permits requires layers more of your own consultants and lawyers (more formal ways to get payola) to get anything accomplished.
Nevada's low taxes have next to nothing to do with why businesses are not attracted to Nevada. The Sin City also has it's negative associations people outside of LV see LV on the address and letter head and assume the company is dishonest and a cheat. The image makers have worked hard in the media to make people think this is the case and it's a reputation many companies don't want to deal with or be associated with even if it was not true. Unfortunately far to often it is the truth.
well... 14% hmmmm
guess less will be able to afford mortgages, let alone rent. 140,000 people out of work is nothing to sneeze at; that is a lot of people in a small area.
hope it gets better as it is about as bad as it can get right now.
Right now the government is offering to companies that hirer new full time employee a tax break on their portion of S.S taxes.The stock market isn't worry about hyperinflation it's deflation that has them concern. All this talk about inflation is wrong it's deflation to be worry about.Deflation is the reasons theirs going to be a slow recovery.I hate to say it but it looks like Vegas is going to suffer for a long time to come. I don't know why we aren't the leader in solar and wind tech. Our state should be the first in green tech . It's interesting that the state that has some of the lowest taxes in the county isn't attracting more businesses.So much for the Republican talking points about small government.
Boomer 111....take your medication,you're past due
Thank you Senior Reid for help keeping our unemployment rate lower then Mexico
Just send the illegals back to their country. This will free up jobs.