• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Blog Home
  • Topics
    • Keystone Press Releases
    • Politics and Government
    • Legislation
    • Nevada News
    • Tourism & Gaming
    • Rural Nevada
    • Business
    • Opinion
  • Membership
  • Contact Us
  • About Keystone Nevada

Keystone Nevada Korner

Welcome to The Keystone Korner The Official Blog of Keystone Nevada

Home » Nevada job growth stalls; unemployment rate flat

Nevada job growth stalls; unemployment rate flat

September 18, 2022 by Pauline Lee

by Jim Barnes, Las Vegas Review-Journal, September 15, 2022

After two months of blistering growth, Nevada lost jobs in a month for the first time since the state started to rebound from the coronavirus pandemic.

Nevada lost 600 jobs in August, according to numbers released Thursday by the Nevada Department of Employment, Training and Rehabilitation. That is a decline of a mere 0.05 percent from July, but it is the first time the number of jobs in the state declined in a month since employment bottomed out in May 2020.

The number has steadily risen since, hitting an all-time record of 1,454,100 jobs (seasonally adjusted) in June, surpassing the statewide number from before the start of the pandemic. Nevada added another 7,700 jobs in July to push the total to 1,461,800.

Even with the slight decline in August, the state’s total number of jobs sits at 1,461,200, or 11,600 jobs higher than before the pandemic and up by 70,300 from August 2021.

The unemployment rate in August stayed steady at 4.4 percent, down 1.6 percentage points year over year.

David Schmidt, chief economist for the DETR, said a leveling off could be expected after the strong results of June and July.

“Looking back through the last couple of decades, any time that we have really strong monthly gains, over a couple of months in particular, it’s not unusual to have a month where the estimates kind of revert back to the mean a little bit,” he said.

Schmidt said he was encouraged that the unemployment rate remained steady despite a small increase in the labor participation rate.

Schmidt said he would have to see more negative months before becoming concerned about the job market. He said that job numbers can be expected to level off now that Nevada has recovered all the jobs lost during the pandemic.

“I think that’s to be expected because we are shifting, in a way, away from getting the jobs back to trying to grow beyond the total number of people that we had working even before the pandemic,” he said. “And that’s kind of harder territory to push into.”

Las Vegas gained 1,200 jobs in August, up 0.1 percent from July; the city has gained 50,800 jobs (5 percent) since August 2021.

Schmidt said the leisure and hospitality sector, which includes casinos, continues to lag behind other sectors, with about 30,000 jobs still not recovered from the pre-pandemic peak.

Contact Jim Barnes at [email protected] or 702-383-0277. Follow @JimBarnesLV on Twitter.

Filed Under: Nevada News Tagged With: David Schmidt, Department of Employment Training and Rehabilitation (DETR), unemployment

Primary Sidebar

Connect with Us

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
Bootleg Bistro
Bootleg Bistro Ad
SLLC_Keystone_Blog-Ad_300x500_10%-Off-Repairs_05.19.21
CIOServices Ad 300x500-100
BRH Keystone Ad JPEG
Willow_Manor
Keystone Corporation Nevada

News Topics

  • Keystone Press Releases
  • Politics and Government
  • Legislation
  • Nevada News
  • Tourism & Gaming
  • Rural Nevada
  • Business
  • Opinion

Rural Nevada

As Nevada farmers retire, few taking their place as number of farms continues to shrink

November 13, 2023 By Courtney Holland

By Amy Alonzo, The Nevada Independent, November 13th, 2023 For more than 50 years, Rick and B. Ann Lattin operated Lattin Farms in Fallon, a … [Read More...] about As Nevada farmers retire, few taking their place as number of farms continues to shrink

Winnemucca braces for massive lithium mine

September 18, 2023 By Courtney Holland

By Ray Hagar, Nevada Newsmakers, September 18, 2023 Winnemucca, a town of more than 8,600 residents off Interstate 80 in Northern Nevada, is proud … [Read More...] about Winnemucca braces for massive lithium mine

Weather may have slowed January sales

April 8, 2023 By Courtney Holland

By The Record Courier Staff, April 4, 2023 For the third month in a row, Douglas County merchants reported a decrease in taxable sales, though not … [Read More...] about Weather may have slowed January sales

30 new projects in Pahrump: Arby’s, Chipotle, Midas Muffler, 3 convenient stores & more

March 29, 2023 By Courtney Holland

By Robin Hebrock, Pahrump Valley Times, March 28, 2023 Business is booming in the Pahrump Valley, with dozens of new companies looking to bring … [Read More...] about 30 new projects in Pahrump: Arby’s, Chipotle, Midas Muffler, 3 convenient stores & more

Opinion

EDITORIAL: Absentee ballot fraud concerns lead to new election

November 27, 2023 By Keystone Admin

By the Las Vegas Review-Journal Editorial Board, November 24, 2023 Reality is catching up to those who downplay the possibility of absentee and … [Read More...] about EDITORIAL: Absentee ballot fraud concerns lead to new election

OPINION: Be thankful we’re a little different in Nevada

November 27, 2023 By Keystone Admin

By Michael Schaus, The Nevada Independent, November 26th, 2023 Nevada is a state that’s difficult to explain to outsiders.  For many, our … [Read More...] about OPINION: Be thankful we’re a little different in Nevada

EDITORIAL: Red states, blue states — a tale of migration

November 27, 2023 By Keystone Admin

Tax rates matter. By the Las Vegas Review-Journal Editorial Board, November 20, 2023 U.S. migration patterns speak volumes about progressive … [Read More...] about EDITORIAL: Red states, blue states — a tale of migration

Tags

Adam Laxalt Biden Administration Business Business Columns Casinos & Gaming Catherine Cortez Masto Clark County Clark County School District Department of Employment Training and Rehabilitation (DETR) economy Editorials Education Elon Musk Gov. Joe Lombardo Gov. Steve Sisolak Governor's Office of Economic Development (GOED) Housing inflation Joe Lombardo las vegas Local Local Las Vegas Local Nevada mc-business mc-local mc-news mc-opinion Nevada Nevada Legislature News North Las Vegas NPRI Opinion Opinion Columns PAID Politics and Government Roe v. Wade school choice Sen. Catherine Cortez Masto small businesses Sports Tesla tourism unemployment rate Victor Joecks

Footer

Copyright © 2023 · Keystone Corporation - All Rights Reserved · Log in
Privacy Policy
By accessing this site, you are agreeing to our Terms of Use

The views, opinions and conclusions expressed by the authors of any article or post on the Keystone Korner are those of the author and do not necessarily reflect the opinions of Keystone Corporation or its officers and board members. Moreover, any reference to a person, party, product or entity does not constitute an endorsement or recommendation by Keystone Corporation or its officers and board members.