Nevada County unemployment reaches new high
NEVADA COUNTY ” Nevada County’s unemployment rate reached an all-time high this month, after unemployment figures released Friday showed a 6 percent increase from the previous month. Unemployment figures have increased more than 83 percent in the last 12 months.
According to the county’s employment department, another 330 Nevada County residents lost jobs in March, bringing the county’s unemployment rate to a record high at 11.1 percent. The previous high recorded was in the early 90s, when it reached 10.2 percent.
Truckee statistics are not available. Placer County’s 10.9 percent is slightly better than Nevada County.
State officials say California’s unemployment rate hit a record 11.2 percent in March.
The figures released Friday by the Employment Development Department show California lost 62,000 jobs in March.
The state unemployment rate grew from 10.6 percent in February, and is nearly 5 points higher than in March 2008.
U.S. Bureau of Labor Statistics figures show the state level is also at a historic high. Only two states ” Michigan and Oregon ” had higher rates in March.
Download the full report attached to this story.