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06-17-2009, 09:22 AM
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Member
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Join Date: May 2009
97 posts, read 41,146 times
Reputation: 36
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This is scary.........Unemployment at 11.2%
Wow!!! How high is this number going to go? I am lucky that I have a job. I am concern about my neighbors. They are all on the cutting blocks. All have tons of years at their employment. All have been giving warning that if it doesn't improved soon, they will be cut.
What is happening to out city? I know it's bad everywhere but it seems to be worse in Vegas.
God bless us all.
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06-17-2009, 10:32 AM
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_____________________
Status:
"depressed"
(set 18 days ago)
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Join Date: Nov 2008
Location: Las Vegas, Nevada
2,706 posts, read 1,064,126 times
Reputation: 861
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I just do not see what you are saying  . Nearly 90% of the people here have jobs  . What is so bad about that? |
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06-17-2009, 10:51 AM
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Saepe errans, num quans hesitans
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Join Date: Sep 2006
Location: NW Las Vegas - Lone Mountain
9,925 posts, read 8,793,232 times
Reputation: 1301
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An interesting problem...
It is not Nevada...it is most of the SW and West. CA leads the way. NV and Oregon and Washington also hit.
Interesting in that the diversified economies of CA and OR have done no better than NV.
AZ is the exception and appears to be taking far less damage. UT of course has its own unique demographics...but what is it they are doing right in AZ...
Probably worth looking at...
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06-17-2009, 11:00 AM
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_____________________
Status:
"depressed"
(set 18 days ago)
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Join Date: Nov 2008
Location: Las Vegas, Nevada
2,706 posts, read 1,064,126 times
Reputation: 861
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Just remember in the great depression unemployment went to 25%. That is when you really have a problem. As I said before, 9 out of 10 people have a job so there is no reason to panic or worry about your neighbors.
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06-17-2009, 12:09 PM
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Senior Member
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Join Date: Aug 2007
Location: In transition.
2,077 posts, read 1,756,538 times
Reputation: 361
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I think the real problem is that a lot of people out here just aren't employable in the current job market. In most cases, the companies that are hiring in the valley are looking for particular skills and backgrounds - skills and backgrounds that many of the people who are being laid off don't have. The remaining jobs are minimum wage grunt work jobs that people are too proud to take.
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06-17-2009, 12:19 PM
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Senior Member
Status:
"By their fruits ye shall know them"
(set 4 days ago)
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Join Date: Nov 2007
Location: Uptown
14,455 posts, read 4,765,254 times
Reputation: 1364
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http://www.bea.gov/national/pdf/dpga.pdf
Quote:
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of dollars] [Billions of chained (2000) dollars]
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Should explain it...
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06-17-2009, 12:31 PM
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Member
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Join Date: Nov 2008
11 posts, read 10,137 times
Reputation: 10
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crazy times we are in right now. hopefully it does not get much worse.
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06-17-2009, 12:34 PM
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Senior Member
Status:
"By their fruits ye shall know them"
(set 4 days ago)
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Join Date: Nov 2007
Location: Uptown
14,455 posts, read 4,765,254 times
Reputation: 1364
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Real economist not rosey eyed ones are est. 12-13% for the nation. I would make a decent est. of 13-14% for Vegas...
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06-17-2009, 01:27 PM
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Senior Member
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Join Date: Feb 2008
Location: Las Vegas, Centennial Hills
1,769 posts, read 1,417,921 times
Reputation: 382
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Quote:
Originally Posted by BigJon3475
Real economist not rosey eyed ones are est. 12-13% for the nation. I would make a decent est. of 13-14% for Vegas...
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Keep in mind that those are U3 numbers and not U6, which many feel is the true unemployment rate, numbers as well. |
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06-18-2009, 12:14 AM
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Senior Member
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Join Date: Apr 2007
Location: Las Vegas,NV
503 posts, read 249,947 times
Reputation: 308
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Quote:
Originally Posted by las vegas drunk
I just do not see what you are saying . Nearly 90% of the people here have jobs . What is so bad about that? |
This is the highest unemployment rate in Nevada history, at least since records have been kept. This is a very serious situation. |
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