Declining trend in initial claims for unemployment insurance continues in Nevada
“Other measures of unemployment insurance activity continue to be positive,” Capello said in a press release. “Both the amount of benefits paid and the number of benefit exhaustions are down double digits year to date, with respective declines of 10 and 14 percent.”
An initial claim represents the first stage of filing for unemployment benefits and is therefore most closely related to the number of people who have recently lost their job, not the overall level of unemployment. Initial claims peaked during the recession at 36,414 in December 2008, and the low point for initial claims was 9,358 in September 2016.
“Unfortunately, once developers show up, history disappears and that’s what’s happening to Harrah’s Reno. Like the historic 1875 Adele’s building in Carson City, Bill Harrah’s crown jewel will disappear into the dustbin of history.”