Unemployment in Nevada, though still a serious problem, represents far less of a threat than it once did. However, beneath the improving unemployment rate lurks the growing problem of underemployment, or labor underutilization. Overall, the average employee in Nevada currently works fewer hours than they once did.

In the fall of 2010, the unemployment rate in the state peaked at 14.0 percent. Most recently, the unemployment rate was measured at 9.6 percent, demonstrating considerable recovery in the past three years. Additionally, there were only 210,606 unemployment insurance claims in the past 12 months, a 38.6-percent drop from the all-time high in the fall of 2009 of 343,209 claims.

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