Unemployment Rate in Nevada Highest in the Nation
According to the Bureau of Labor Statistics (BLS) the overall unemployment rate in Nevada climbed to 14 percent in May, beating out Michigan who previously had the highest unemployment rate in the country. Additionally, the unemployment rate for teens in Nevada is now the second highest in the country at 34.6 percent.
Minimum Wage Increases in Nevada
Effective this month, the Nevada Labor Commissioner announced a $0.70 increase to the current minimum wage. Nevada follows a two-tier wage system and the increase will result in a new minimum wage of $8.25 per hour or $7.25 per hour for those offered health benefits.
LVCVA and NDA Partner to Attract New Business
The Las Vegas convention and Visitors Authority (LVCVA) has partnered with the Nevada Development Authority (NDA) to attract business to Southern Nevada. The partnership provides NDA with permanent booth space in the Las Vegas Convention center to promote the advantages of moving a business to Las Vegas, giving them an audience of over 1.5 million business travelers each year. Additionally, NDA has begun a new California ad campaign designed to specifically pull businesses in from that state.