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Today — 17 September 2024Main stream

In Nevada, Economy Tops Issues as Unemployment Remains High

✇NYT | Top Stories
By: Kurtis Lee
17 September 2024 at 00:14
The state is among a handful that will decide the presidential contest, and workers have felt increased prices at the grocery store and gas station.

© Maggie Shannon for The New York Times

Las Vegas has rebounded since the pandemic shutdowns, but its employment rate was 6.7 percent in July.
Before yesterdayMain stream

Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong

✇NYT | Top Stories
By: Ben Casselman
12 September 2024 at 17:04
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.

© David Goldman for The New York Times

Historically, job cuts have come only once an economic downturn was well underway, like those that followed the collapse of Lehman Brothers in 2008.
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