In January, Carson City saw an increase of 200 jobs, while Nevada’s unemployment rate remained stable at 5.8 percent. The state also experienced a decrease of 5,800 jobs in total, with the largest declines in construction and leisure and hospitality sectors. However, there were small increases in manufacturing, financial activities, and professional and business services. Reno had a slight decrease of 600 jobs and Las Vegas saw a decrease of 7,500 jobs in January. Nevada’s Chief Economist, David Schmidt, noted that unemployment was driven by new entrants to the labor market and job loss, with strong wage growth contributing to the slower pace of employment growth. The state’s Research and Analysis Bureau, responsible for labor market information, produces reports in cooperation with the Bureau of Labor Statistics. Further data on Nevada’s labor market can be found on their website.
Source
Note: The image is for illustrative purposes only and is not the original image of the presented article.
