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Nevada has an economy unlike any other state economy where cash is their economy. Unlike other states that depend on debt, Nevada has a cash flow government that worked well when the flow was running. The cash has dried up and so went their growth and expansion now turning to debt to try and sustain itself.
Jobs and unemployment are indirectly related because more than half of the workers (all Hispanic) don't get paid a wage or hourly income so they cannot collect unemployment which is skewing unemployment and job numbers. At this point in their economy the Hispanics are all of a sudden being called employed workers even though they don't get a wage or income.
A drop in unemployment claims only means no one else can file for claims and claims have expired, contrary to state figures that like to call this a rise in employment rather than a sustained loss of jobs.
With the loss of so many jobs, businesses, and growth in Las Vegas we have to wonder why they are trying so hard to steal water from Utah and northern Nevada when their need and consumption is depressed?
Ashes to ashes, dust to dust.
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