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Nevada's riches have come from
gold and silvers mines, cattle ranching, gambling, tourism and a little
legalized prostitution. The state is covered by deserts, has 2.7 million
residents - one of the country's lowest occupation densities - and is owned 86
percent by the U.S. government. Nevada has sustained the nation's highest
unemployment rate since the recession, 12.6 percent in December 2011 and yet,
remains one of the nation's and world's most popular resource areas.
Mining and logging sustained a noticeable rise in job growth through 2011. All
other sectors but other services continued on a tumbling decline. Leisure and
hospitality, showing visible gains the latter part of the year, seasonally fell in
December. Nevada has the nation's highest home foreclosure rate, leaving a glut of
available homes that is expected to influence a market of affordable home
prices.
Nevada expects stronger recovery streams in the second half of 2012, primarily in
the tourism and hospitality industries emphasizing gaming revenue and visitor
volume. Much of its economy will depend on general improvement of the U.S. economy.
Job seekers have opportunities in advanced manufacturing and gold and copper mining
for experienced minors. Small tech and service industries are thriving in Reno.
Additional information can be found regarding Nevada's economy and
key employers by visiting Wikipedia: Nevada Economy.
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