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July 31, 2014

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Nevada unemployment dips to lowest level since 2008

Nevada’s unemployment rate in May dipped to 7.9 percent, the lowest it’s been since September 2008.

An estimated 108,000 people were out of work last month, which is 19,000 fewer than in May 2013 and 1,900 lower than April, when unemployment was 8 percent, the state Department of Employment, Training and Rehabilitation reported today.

Gov. Brian Sandoval said the state must continue its economic development and diversification efforts.

Nevada trails the national jobless rate of 6.3 percent and still has one of the highest unemployment rates in the country.

“Preliminary estimates so far this year suggest job levels are trending in excess of 40,000 higher than a year ago,” said Bill Anderson, department economist.

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