Saturday, July 18, 2009

13 Percent Unemployment Equals 1 in 13 Foreclosures


Vegas is a numbers town, and lately are numbers have been exceedingly unlucky.

As this article from the Review Journal attests Nevada now has a 12.3 percent unemployment rate. http://www.lvrj.com/news/51091377.html

Las Vegas also boasts the highest foreclosure rate in the nation. One in thirteen Valley homes have received foreclosure notices in the last six months.
http://www.lasvegassun.com/news/2009/jul/16/nevada-foreclosures-increase-june/

Are numbers at McCarran International Airport aren't looking so good either.
http://www.lvrj.com/business/51091297.html Our year to year traffic count has fallen 11.4%

There are still those in Vegas who say we've weathered these storms before, and we'll come out on top again. I suggest those optimists bet 13 at the Roulette wheel.

As monsoon season approaches and a gullywasher threatens -- hanging low and dark; I have one thing to say - "The sky is falling!"

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