'The Sheer Volume' Is Hard To Capture: Unemployment In Nevada Soars To Historic High
Nearly 41% of jobs in the state's food and accommodation industry have been lost. The overall levels are comparable to the Great Depression, says David Schmidt, a state economist.
Amid record-breaking unemployment numbers, Nevada stands out. The jobs crisis hit the state early and dug in deep. Unemployment there has soared to more than 28% — the highest in the nation and the highest for any state since 1976, when the U.S. Bureau of Labor Statistics began tracking this data.
The accommodation, with a nearly 41% year-on-year loss of jobs at hotels, casinos and restaurants and other tourism-related businesses.
