Nevada's Unemployment Rate Drops Slightly

Still Up More Than 9% From August Of 2019

Mitch Kelly
September 17, 2020 - 6:54 am
A vehicle drives by a sign at the State of Nevada Department of Employment, Training and Rehabilitation (DETR) as the coronavirus continues to spread on April 28, 2020 in Las Vegas, Nevada.

Ethan Miller/Getty Images

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CARSON CITY, NV – Good news sprinkled with bad news makes up the latest unemployment report for the Silver State.

While employment in Nevada realized an increase over the month of 6,500 jobs, the state has seen a decrease of 133,600 jobs since August 2019, for an annual growth rate of -9.4%, according to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) August 2020 economic report.

The state’s unemployment rate in August was 13.2 percent, up 9.3 percentage points when compared to August 2019.

“I’m encouraged by this month’s numbers and am happy to see that employment has increased and the number of unemployed has decreased in the State. There is more work to do to help Nevadans get back to work, and we’re committed to doing our part,” Director Elisa Cafferata said.

DETR’s report also notes that Nevada’s Unemployment Insurance (UI) claims decreased by 25.6 percent over the month but is up a whopping 412 percent over the year.

Additional August Economic Report Highlights:

o Nevada jobs are up by (0.5%), US jobs are up by (+1.0%) from July to August.
o Trade, transportation and utilities added the most jobs (4,500) over the month.
o Leisure and hospitality (-15.9%) and other services (-10.8%) are down the most since the same time last year.

The unemployment rate in Nevada is higher than the national rate in August and is at 13.2% on a seasonally adjusted basis and 13.3% on an unadjusted basis; the national rate was 8.4% adjusted and 8.5% unadjusted.