Nevada's unemployment at lowest in three years
Las Vegas, NV (KTNV) -- Nevada's unemployment rate fell to 11.6 percent in May, the lowest it has been in three years.
The decline marks the ninth consecutive month that the rate has shown improvement, according to the Department of Employment, Training and Rehabilitation.
Governor Brian Sandoval acknowledged that Nevada’s unemployment rate remains significantly high, with 158,300 Nevadans who are currently unemployed, but said he is optimistic about improvement in the job market.
While not directly comparable to the state’s seasonally adjusted figure, the unemployment rate in each of the state’s three metropolitan areas held relatively steady, in May.
Las Vegas has the highest jobless rate amongst the state’s three population centers, at 11.8 percent, with Carson City’s rate slightly lower at 11.7 and Reno at 11.5 percent. Seven counties, all of them rural, have single-digit unemployment rates on a year-to-date basis, with the lowest rates in Lander, Eureka, and Esmeralda. Lyon (16.3 percent so far this year) and Nye (14.9 percent) have the highest jobless rates.
Statewide April job estimates have been revised upward by 700, and a seasonally adjusted 5,900 jobs were added to payrolls in May, the second-strongest month-to-month gain this year. At a seasonally adjusted 1.14 million, job readings stand at their second-highest level in nearly three years and are up 12,700 from a year ago.