Nevada Unemployment Steady With 1,300 New Jobs in January

Posted on by & filed under Nevada by the Numbers Blog.

Employment rose to 1,361,100, reflecting an increase of 1,300 jobs over the month of January, according the Nevada’s Department of Employment, Training, and Rehabilitation (DETR). Meanwhile the headline or U-3 unemployment rate in the state remains unchanged since December, at 4.9 percent.

The seasonally adjusted job gains from December to January were almost evenly split between the public and private sectors. This is the 66th straight month with annual employment growth in Nevada higher than the U.S. as a whole, increasing by 37,700 jobs or 2.8 percent over January 2017. Carson city has seen the best YOY job growth of the major metro areas, increasing 1,400 jobs or 4.8 percent.

Unemployment in the state’s three metro areas rose between December and January, but is down compared to a year ago. Another interesting trend in unemployment – are gender gaps reappearing? Or is this just another  blip?

 

The number of employers in Nevada’s Unemployment Insurance (UI) system has reached nearly 69,000, and the state’s UI trust fund ended 2017 with a balance of $1.1 billion, an all-time high.