Nevada's unemployment rate in August was 13.2%, according to an economic report by the Department of Employment, Training and Rehabilitation (DETR).
But, DETR also says the state lost 133,600 jobs since August 2019, for an annual growth rate of -9.4%.
The total employment level in the State is 1,289,800. The state’s unemployment rate in August was 13.2 percent, up 9.3 percentage points when compared to August 2019.
DETR’s report also notes that Nevada’s Unemployment Insurance (UI) claims decreased by 17,103, or 25.6% over the month and is up 39,910 or 412% over the year.
“Nevada added jobs for the fourth straight month in August, though with few changes in the state’s reopening plan the gain was lower than in May, June, and July. Employment continues to increase across many industries with trade, transportation and utilities adding the most jobs. The number of unemployed remains high but continues to improve. The decline in unemployment brings the rate below the peak of last recession, when the unemployment rate hit 13.7 percent over a decade ago. The challenges posed by the pandemic continue to weigh on the labor market, and the response to COVID-19 by businesses and the public continues to evolve. Although the labor market continues to improve, we still have a long road ahead for a full recovery,” said David Schmidt, Chief Economist for DETR.
The national unemployment rate is 8.4%.
Related: DETR Says Unemployment Insurance Claims Fell for Third Straight Week
Related: U.S. Layoffs Remain Elevated as 884,000 Seek Jobless Aid
