08.26.2010 0

Recovery Summer and Stimulus: Nevada

Continuing on the Recovery Summer and Stimulus: State by State, we head to Nevada.

Quick Nevada facts:

  • In January of 2009, the unemployment rate in Nevada was 9.6%. As of June 30, 2010, the unemployment rate was 14.2%–a net increase of 4.6%! (Source: Bureau of Labor Statistics)
  • According to Recovery.gov, Nevada has received only 1,141 awards. This has resulted in $1,757,173,928 being spent to create/save 9,294.25* jobs (Source: Recovery.gov)
  • The labor force in Nevada has increased by 3,942 people. In January of 2009, the labor force was 1,363,571 people strong and increased to 1,367,513 people as of June 2010. And in that same course of time, unemployment has skyrocketed. (Source: Bureau of Labor Statistics)
  • According to the Recovery Summer Map, Nevada boasts only no “Summer of Recovery” projects!
  • The number of people employed in Nevada has shrunk by 58,628 people while the labor force has increased! (Source: Bureau of Labor Statistics)
  • The Obama administration projected the change in jobs by December 31, 2010 to be +34,000 jobs. To date, Colorado has lost 67,800 jobs. (Source: Ways & Means Republicans)

The employment trend in Nevada has continued downward since Obama took office. As the “Summer of Recovery” began, Nevada saw that downward trend pick up, causing the employment trend to look like a downward death spiral. (Source: Bureau of Labor Statistics)

Has the Recovery Act done anything for Nevada? No.

Has “Recovery Summer” done anything for Nevada? No.

For a state that gave all of its electoral votes to Obama and is home to Senate Majority Leader Harry Reid, who is up for re-election this year, one would have expected much more of a “recovery”. If the White House’s “Summer of Recovery” map is to believed, Nevada doesn’t even have any summer projects. Has the White House and Harry Reid given up?

The reality in Nevada is that the “Stimulus” has not had any effect on the economy. As 2010 continues, Nevada’s unemployment continues to sky-rocket while Reid watches Rome burn from the campaign trail.

Read more on Recovery Summer and the Stimulus Effects on States.

*: The number of jobs created/saved conflicts with other government sources on Recovery.gov. This number was pulled from the latest figured offered on Recovery.gov

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