A Decade of Growth, But Then the Bust

Nevada was the fastest growing state in the nation over the last ten years, but amid that growth has been a severe economic downturn.

1 minute read

December 29, 2010, 9:00 AM PST

By Nate Berg

And as the economy continues to tank in Nevada, more and more people are moving out.

"[I]t was another reminder of how bad things have become here, and how exhausting a decade this state has endured. This was the boom capital of the country - which explains the census report - until the economy collapsed in 2007. People started moving out, chasing jobs or escaping a house market with the highest foreclosure rate in the country. Unemployment here is now 14.3 percent, the highest in the country.

'People come for the good jobs and the good life, and if that's no longer here, they are gone,' said David F. Damore, an associate professor of political science at the University of Nevada, Las Vegas. 'People are just moving out.'"

FULL STORY: Behind Census Figures Showing Boom in Nevada, a Story of Bust

Wednesday, December 22, 2010 in The New York Times

Community / Economic Development Housing Social / Demographics Nevada Economic Recession Population Growth Foreclosures View More

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