The unemployment rate in the Las Vegas metropolitan area remained the highest in the state last month at 10.4 percent, even as the local economy adds more jobs, a new report shows.
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Banks across Nevada tasked with processing the loans for small businesses are reporting a steady pipeline of demand.
Nevada’s jobless rate dropped to single digits last month for the first time since the coronavirus pandemic began, but labor force participation also fell dramatically in December.
Southern Nevada businesses will be able to apply for the latest round of the federal Paycheck Protection Program – a lifeline that helped firms retain jobs and weather the pandemic.
Banking leaders across the state said their companies are well-prepared to handle the next wave of PPP applications