Progress across the state however we still have a long road ahead. We can work through this recession as a state and are showing signs of just that momentum.
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Carson City, NV —The unemployment rate for September registered at a seasonally adjusted 9.3 percent, down from 9.5 percent in August. This is the lowest jobless rate since December 2008.
“I am pleased to see the improvement Nevada’s labor market is making, with September’s unemployment rate hitting the lowest point in five years,” said Governor Brian Sandoval. “We have made great strides in our economic development efforts, but recognize the need to continue the momentum so that all of Nevada’s unemployed have the opportunity to return to work.”
While the state lost 8,800 jobs in September, year over year, the number of jobs is up by 1.4 percent and up 1.9 percent over the first nine months of the year, said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation. Due to the government shutdown, unemployment rates for the metropolitan state areas will not be available until November 22nd, but employment numbers are available. Las Vegas employment fell by 7,600 jobs, but is up by 1.9 percent year over year. Reno-Sparks employment fell by 600 jobs, but has a total gain of .5 percent relative to last year. Carson City added 200 jobs, the largest increase since June.
Separate surveys are used to calculate job losses and the unemployment rate, which explains how the state could register a drop in the unemployment rate in September, while having lost jobs.
“A more accurate measure of the health of the economy comes from examining the annual trends rather than the month to month activity,” Anderson said. “Overall, the state is moving in a positive direction, with the unemployment rate continuing to fall and employers continuing to add jobs.”
See the full report here: Sept__2013_release_and_stats.pdf
Visit the Nevada Workforce Page at: http://www.nevadaworkforce.com
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