Nevada Unemployment Lowest In Three Years
(Carson City, NV) — Nevada’s unemployment rate fell to 11.6% in May. The decline marks the ninth consecutive month that the rate has shown improvement.
“Nevada is experienceing some welcomed improvement in the jobless outlook, but it’s important to note that the decline is partly due to the dimishing work force”, says Chief Economist Bill Anderson with Nevada’s Department of Employment, Training and Rehabilitation (DETR). “Fewer people are looking for work as they continue to find it difficult to obtain employment in the current market. Nevertheless, trends do indicate that Nevada’s labor market is slowly recovering.”
Nearly all industries contributed to the addition of 5,900 new jobs in May.
Governor Brian Sandoval acknowledges that Nevada’s unemployment rate remain significantly high, with 158,300 Nevadans currently unemployed, but says he is optimistic about improvements in the job market.
Las Vegas has the highest jobless rate amongst the state’s three population centers, at 11.8%, with Carson City’s rate slightly lower at 11.7 and Reno at 11.5%. Seven counties, all of them rural, have single-digit unemployment rates on a year-to-date basis, with the lowest rates in Lander, Eureka, and Esmeralda. Lyon (16.3% so far this year) and Nye (14.9%) have the highest jobless rates.