Nevada Adds Jobs Back in November as Unemployment Rate Improves

Dec 17, 2020
Dec 17, 2020

Regular Initial Claims Decline; Pandemic Unemployment Assistance Claims Total 37,567

Employment in Nevada increased over the month by 9,200 jobs as the state continues to recover.

But - Nevada has 109,500 fewer jobs than in November 2019, for an annual job growth rate of -7.7% according to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) November 2020 economic report.

DETR says the total employment level in Nevada is 1,317,800.

The state's unemployment rate in November is 10.1%, an improvement from 11.9% in October but 6.4 percentage points higher when compared to November 2019.

DETR’s report also notes that Nevada’s Unemployment Insurance (UI) initial claims decreased by 5,278 or 13.9% over the month, to 32,613 claims. This is the fewest claims filed in a month since the beginning of the pandemic.

“This month Nevada continued to experience a rebound in employment and unemployment, on par with the trend since August. Employment rose by 9,200 jobs while the unemployment rate fell to just over 10 percent. Of particular note among industry employment figures are the nondurable goods manufacturing industry, which rose to its all-time high in November and the full-service restaurant industry, which returned to pre-COVID levels over the last two months. Retail and wholesale trade saw stronger increases in employment than normal seasonal patterns, while accommodation saw sharper declines than normal,” said David Schmidt, Chief Economist for DETR.