Nevada's unemployment rate drops slightly

New and continued unemployment claims drop, while PUA claims spike

Mitch Kelly
October 26, 2020 - 5:00 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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Las Vegas, NV (KXNT) - For the week ending October 17, initial claims for unemployment insurance (UI) in Nevada were down 2.6 percent, compared to the previous week, according to finalized data from the Nevada Department of Employment, Training and Rehabilitation (DETR). Through the week ending October 17, there have been 728,045 initial claims filed in 2020, 706,393 of which have been filed since the week ending March 14.

Continued claims, which represent the current number of insured unemployed workers filing weekly for unemployment insurance benefits, fell for the tenth consecutive week to 140,132, a decline of 17,073 claims, or 10.9 percent, from the previous week’s total of 157,205. This is the fewest continued claims since the report week ending April 4 when there were 131,121 claims filed.

Nevada’s insured unemployment rate fell 1.3 percentage points to 10%. Nevada's rate is almost twice the national average of 5.5%

The Pandemic Unemployment Assistance (PUA) program, which provides up to 46 weeks of benefits for the self-employed, 1099 contract workers, and gig workers saw an increase of 4,040 claims, or 47.5 percent, from last week’s total of 8,497. Through the week ending October 17, there have been 504,606 PUA initial claims filed.

PUA continued claims totaled 90,120 in the week ending October 17, a decline of 1,678, or 1.8 percent, from the previous week’s total of 91,798.

Nevada’s Pandemic Emergency Unemployment Compensation (PEUC) program, which provides up to 13 weeks of benefits to individuals who have exhausted their regular unemployment benefits, saw 75,042 claims filed in the week, an increase of 11,491 claims from a week ago. A continued increase in the number of PEUC claims is expected as claimants began exhausting their regular program benefits.