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Minimum Wage to Increase for Nevada Workers

CARSON CITY, Nev. -- Minimum wage workers in Nevada will be getting a raise under new requirements announced by the state labor commissioner.

Beginning July 1, Commissioner Michael Tanchek says the minimum wage for workers who also receive qualified health benefits from their employer will increase 70 cents to $7.25 per hour. The minimum hourly wage for workers who don't have employer-paid insurance will rise to $8.25.

Under a voter approved constitutional amendment passed in 2006, Nevada's minimum wage is adjusted annually based on increases in the federal minimum wage over $5.15 per hour, or, if greater, by the cumulative increase in the cost of living. Tanchek says this year's adjustment in Nevada incorporates the final phase of a $2.10 increase in the federal minimum wage that went into effect in 2007.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

More Homeowners Falling Delinquent on Mortgages

LAS VEGAS -- The number of Southern Nevada homeowners delinquent on their mortgage payments has climbed steadily for the past several months. In some cases, it's people just willing to walk away from their homes, and in other cases, homeowners are holding out hope that they will get a loan modification.

In any given neighborhood, chances are good that a homeowner is the process of walking away from their mortgage. In the past, five months was typically the longest a homeowner could stay in their home until the bank would come knocking. But that is no longer the case.

Nick Nolf with The Nolf Group has been in the real estate business through the boom, the bust, and now the slow turn-around.

Nevada's Unemployment Rate Rises to 13.2 Percent

CARSON CITY, Nev. --  Nevada's statewide unemployment rate rose to 13.2 percent in February, while the jobless rate in the Las Vegas area climbed another notch toward 14 percent.

The state Department of Employment, Training and Rehabilitation said Friday the unemployment rate in Clark County increased from 13.8 to 13.9 percent.

There was no change in the 13.4 percent jobless rate in the Reno-Sparks area. In Carson City, the rate fell slightly from 13.8 percent to 13.7 percent.

The report says 189,000 workers were out of work in Nevada. But a top state economist says employers added 10,400 jobs in February, representing the first increase since October. Nevada's statewide unemployment rate in January was 13 percent, the second highest in the nation.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

Wind Turbine Plant to Be Built In Las Vegas

LAS VEGAS --  A group of companies has announced plans to develop a plant in the Las Vegas valley that would employ about 1,000 people for manufacturing wind turbines.

The announcement was made by U.S. Renewable Energy Group (US-REG), a Chinese company called A-Power Energy Generation Systems Ltd., and the real estate development company American Nevada Company of Henderson.

The plan calls for building a the 320,000-square-foot plant in Las Vegas. The plant would manufacture and assemble wind-energy turbines that would supply energy projects throughout North and South America.

Senator Harry Reid has been leading the effort to develop renewable energy and promote investment in Nevada.