Friday, April 10, 2009

Gold-Plated Economy in Nevada Town Becomes Rare Beacon for the Jobless


ELKO, Nev. -- Gold fever has inoculated this historic cow town from the state's economic malaise, making it an island of relative prosperity in a state flooded with unemployed workers.

While Las Vegas, Reno and other onetime hot spots reel from the real-estate crash and wider recession, this area's gold-mining operations are adding jobs and spreading wealth in surrounding Elko County. The area boasts 26,700 jobs, up from 25,500 a year ago, while Nevada has lost many jobs. Construction is up here, as are taxable sales

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