LAS VEGAS (KLAS) — Nevada’s unemployment charge dropped to five.5% in Might, persevering with a gentle decline since February, when the speed was 5.8%.
Nevada stays the state with the nation’s worst unemployment charge, however Washington, D.C., is now at 5.8% in April and Might. The highest 10 states on the checklist all skilled a decline of their unemployment charges in Might.
Tuesday’s report from the Nevada Division of Employment, Coaching and Rehabilitation (DETR) confirmed unemployment within the Las Vegas metro space climbed from 5.2% as much as 5.5% in Might.
North Las Vegas posted the state’s worst charge, 5.8%, simply forward of Boulder Metropolis (5.7%) and Las Vegas (5.6%). Henderson was fourth at 5.3%, forward of Mesquite (5.0%), Reno and Carson Metropolis (each 4.2%).
To file an unemployment insurance coverage declare or for extra data, go to https://ui.nv.gov/.
LAST MONTH: Extra jobs, however Nevada continues with highest US unemployment charge, DETR says
Preliminary claims for unemployment advantages declined by 3.4% in comparison with April, however have been 4.1% larger than Might 2024, DETR reported. A complete of 11,369 folks filed claims in Might, and the state paid practically $40 million in claims, averaging $484.75 per week.
Nevada’s Unemployment Belief Fund surpassed $2 billion in Might, above pre-pandemic ranges for the primary time.
A jobs report launched on Friday confirmed a lower of 900 statewide in leisure and hospitality, however features in schooling (1,200) {and professional} and enterprise companies (400).
Metro Las Vegas jobs elevated by 600, or about 0.1%. The variety of jobs is 2,100 larger than in Might 2024, a rise of about 0.2%, DETR mentioned.
General, DETR reported a rise of 500 jobs statewide. The labor pressure grew by 3,484 in Might.
“In May we continued to see modest improvements in Nevada’s labor markets, with ongoing employment growth and further declines in the unemployment rate. Further, Nevada’s labor force participation rate increased to 63.0 percent, higher than the national average of 62.4 percent. Wage gains continued with hourly wages up 6.8 percent and weekly wages up 7.5 percent over the last year,” DETR Chief Economist David Schmidt mentioned.
The overall variety of nonfarm jobs in Nevada was 1,580,400, a rise of 0.6% over the previous yr.
