CARSON CITY, Nev. (KOLO) – Nevada’s unemployment rate fell 0.1% in May according to the Nevada Department of Employment, Training and Rehabilitation. Unemployment now sits at 5.5%. The labor labor force grew by 3,484 last month.
The total number of nonfarm jobs in Nevada was 1,580,400. That’s an increase of 0.6& over the past year and an increase of 500 jobs since April.
Reno employment saw an increase of 200 jobs (0.1%) since April, and an increase of 3,800 jobs (1.4%) since May 2024.
Carson City employment was flat from April. There was an increase of 600 jobs (1.9%) since May 2024.
Las Vegas employment increased by 600 jobs (0.1%) since April, and there was an increase of 2,100 jobs (0.2%) since May 2024.
“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,” said DETR chief economist David Schmidt.
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