LAS VEGAS (KLAS) — A report launched Thursday exhibits Nevada’s unemployment fee is holding at 5.8%, the best within the nation.
The February jobs report from the Nevada Division of Employment, Coaching and Rehabilitation (DETR) exhibits an total lack of 1,600 jobs statewide and three,600 within the Las Vegas metro space — higher than January when 7,500 jobs had been misplaced in Las Vegas.
“The unemployment rate remains steady, and trends in hourly wage growth remain strong, reflecting ongoing demand for workers in the state,” in response to David Schmidt, chief economist for DETR.
The states with the best unemployment ranges, as of January 2025. (U.S. Bureau of Labor Statistics)
Reno gained 500 jobs and Carson Metropolis misplaced 200 jobs.
The shakeup within the federal authorities did not seem to make an influence on unemployment within the February reviews, however that would change within the coming months. The roles report made no point out of attainable impacts in Nevada.
8 Information Now has reached out to DETR for remark, however we’ve not acquired a reply but.
Layoffs within the Nationwide Park Service and Normal Providers Administration affected a comparatively small variety of staff in Nevada. Continued uncertainty surrounding federal packages and grant funding may imply layoffs.
DETR’s jobs report confirmed no change from a yr in the past (February 2024) in federal authorities jobs in Las Vegas, however a lower of 100 within the Reno-Sparks space.
LAST MONTH: ‘Unchanged’ in response to DETR, Nevada unemployment fee stays worst within the US
Preliminary claims for unemployment advantages dropped by 16% from January to February. A complete of 10,748 preliminary claims had been filed in February, down 1.6% from a yr in the past.
“The jobs report for February reflects a labor market that is rebalancing after our rapid post-COVID expansion. Annual employment growth fell to 0.4 percent in Nevada, led by declines in the logistics, information, and professional and business services industries,” Schmidt mentioned. “Each of these saw rapid expansion in recent years, with the current job losses bringing employment levels more in line with longer-term growth trends in those industries.”
The labor power grew by 3,318 in February, DETR mentioned. The rise was the results of a rise of three,658 in employed people and a lower of 340 in unemployed people.
To file an unemployment insurance coverage declare, go to https://ui.nv.gov/.
