Thursday, December 23, 2010

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

HENDERSON, Nev. — By any measure, it should have been a cause for celebration in a place that surely needs one. The Census Bureau reported that Nevada grew by 35 percent over the last decade, making it the fastest-growing state in the nation.
Instead, it 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.

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