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Home / NV: Lt. Governor Says Worst may be Over for State’s EconomyNV: Lt. Governor Says Worst may be Over for State’s Economy
Last Updated on Thursday, 1 October 2009 01:37 Written by rslcpol Thursday, 1 October 2009 01:37
From Lahontan Valley News:
Lt. Gov. Brian Krolicki told an audience of business leaders Wednesday that while the recession has been harder on Nevada than other states, there are signs the worst may be over.
The state that led the nation in population growth 20 of the past 21 years, he said, will actually lose population this year. Nevada leads the nation in foreclosures and has the second highest unemployment rate. Visitor volume, which has been about 50 million a year was down 12 percent this past year, he said.
“It feels like somebody punched the emergency stop button and the economy came to a screeching halt,” Krolicki said.
But he said things are beginning to turn around.