Nevada’s unemployment rate hits record 14.2 percent

Victor Joecks

From the RJ:

New numbers from the state Department of Employment, Training & Rehabilitation show unemployment of 14.2 percent statewide in June, up from 14.1 percent in May. Joblessness in Las Vegas surged to 14.5 percent, up from 14.1 percent in May.

Nationally, unemployment fell from 9.7 percent to 9.5 percent from May to June, though economists credited much of that drop to discouraged workers giving up the hunt for jobs. …

And it’s likely that Nevada will once again have the nation’s highest unemployment rate.

All other states’ jobless data won’t be out until Tuesday, so it’s not clear whether the Silver State will retain the No. 1 ranking it grabbed from Michigan in May. But Michigan officials have already announced that the Great Lakes State posted a jobless rate in June of 13.2 percent, down from 13.6 percent in May.

Of course, the Obama and Reid stimulus was supposed to prevent all this, but it’s been such an epic failure that even Vice President Joe Biden is going on TV and making easily disproven excuses for its miserable performance.

The problem with liberal ideas isn’t that they aren’t big enough. The problem with liberal ideas is that ideas have consequences and that, as history shows, liberal ideas have bad consequences.

Judging the stimulus by the standard Obama put forward, the stimulus was and is an epic failure