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September 22, 2012
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Confusing month as seasonally adjusted unemployment rises while raw rate drops

While Nevada's seasonally adjusted unemployment rate rose a tenth in August to 12.1 percent, the raw rate actually declined a full half percent from July.

The raw rate closely mirrors what happened in the state's major reporting areas. Las Vegas and Carson City each saw a six-tenths decrease in unemployment to 12.3 percent and 11.6 percent respectively. Reno-Sparks saw a half percent drop to 11.5 percent. Local market data isn't seasonally adjusted.

Bill Anderson, chief economist for the Department of Employment, Training and Rehabilitation, said the reason, for the most part, is that job growth wasn't as strong as anticipated. …

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The Nevada Appeal Updated Sep 22, 2012 08:35PM Published Sep 22, 2012 08:35PM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.