LAS VEGAS (KLAS) — Nevada’s unemployment charge declined barely in August to five.3%, based on a jobs report launched on Thursday.
The chief economist for the Nevada Division of Employment, Coaching and Rehabilitation (DETR) described the present job market as “stationary.”
“The August report shows a labor market that is largely stationary. The total number of jobs is now effectively unchanged from a year ago, and the unemployment rate fell slightly as some unemployed individuals left the labor market,” DETR’s David Schmidt stated.
LAST MONTH: Las Vegas provides jobs, however Nevada’s unemployment charge flat at 5.4%
“Private sector employment fell by 6,000 jobs over the month, led by statistically significant declines in the Construction and Accommodation & Food Services industries. However, we have not experienced a surge in new claims for unemployment benefits from workers in those industries and data on hours worked and hourly wages continue to remain steady, pointing to an ongoing demand for workers,” Schmidt stated.
Within the Las Vegas metropolitan space, employment dropped by 4,300 jobs (-0.4%) since July, a lower of 5,000 jobs (-0.4%) since August 2024. Reno jobs decresed by 400 (-0.1%) and Carson Metropolis jobs elevated by 300 (0.9%).
Statewide, DETR stated the labor power decreased by 1,303, and the overall variety of nonfarm jobs was 1,570,100, representing no change over the previous 12 months.
Building jobs took the most important hit, falling by 4,400 in August.
A graph from the U.S. Bureau of Labor Statistics displaying Nevada because the state with the second-highest unemployment charge, behind solely California, is unlikely to vary a lot when August numbers come out. A report in California stated unemployment there may be anticipated to climb to round 6.1% over the subsequent 12 months.
Washington, D.C., had a better charge — 6.0% — than any state in July.
In August, 11,739 preliminary claims for unemployment insurance coverage had been filed in Nevada, a lower of 824 claims, or 6.6%, from July when there have been 12,563 claims. In comparison with a 12 months in the past, preliminary claims had been down barely from August 2024’s 12,089 claims.
To file an unemployment insurance coverage declare or for extra info, go to https://ui.nv.gov/.
