According to the Department of Employment, Training and Rehabilitation’s (DETR) September 2020 economic report, Nevada added back another 3,400 jobs since August.
The state’s job rate has rebounded for the 5th month in a row. While this is excellent news, we are down 127,600 jobs (-9.0%) since September 2019. Nevada’s seasonally adjusted unemployment rate was 12.6 percent in September down from 13.3 percent in August, but it is still up from 3.7 percent in September 2019.
Area total estimates are seasonally adjusted to account for regularly seen economic trends, but estimates discussing sector employment and sub-state unemployment rates are not adjusted for seasonality.
The Las Vegas Metropolitan Statistical Area (MSA) decreased by 1,400 jobs (-0.2%) since August; the professional and business services sector grew the most, up 3,400 jobs (2.6%). Compared to September 2019, total employment saw a decrease of 129,700 jobs (-12.5%) with Leisure and hospitality sector down the most by 73,900 jobs (-25.1%).
The Reno MSA had an increase of 100 jobs since August with the trade, transportation, and utilities sector growing the most by 1,600 jobs (3.2%). Compared to September 2019 total employment saw a decrease of 13,100 jobs (-5.3%) with leisure and hospitality sector down the most by 5,500 jobs (-13.8%).
The Carson City MSA experienced an increase of 600 jobs (2.0%) since August with the government sector growing the most by 500 jobs (5.3%).
Compared to September 2019, total employment saw a decrease of 400 jobs (-1.3%) with professional and business services sector down the most by 300 jobs (-13.6%).
The Las Vegas MSA had an unemployment rate of 14.8 percent in September: in a labor force of 1,119,011 there were 165,647 unemployed individuals. In the Reno MSA, the unemployment rate was 6.7 percent in September: in a labor force of 252,402 there were 16,833 unemployed individuals.
The Carson MSA has an unemployment rate of 6.8 percent in September: 1,798 unemployed individuals in a labor force of 26,455.
Additional Economic Report Highlights:
Employment (Seasonally Adjusted):
- Las Vegas employment decreased 1,400 jobs since August and overall is down 129,700 jobs since September 2019 a rate of -12.5%.
- Reno employment increased 100 jobs since August and decreased 13,100 jobs since September 2019 a rate of -5.3%.
- Carson City employment regained 600 jobs since August 2020 but is still down 400 jobs since September 2019 a rate of -1.3%.