Nevada’s updated unemployment rate

Nevada’s seasonally adjusted unemployment rate fell to 4.9 percent in

February, the first time it has been below 5 percent since November 2007. The jobless rate ticked down

one-tenth of a percentage point from January, from 5 percent according to the Nevada’s Research and Analysis Bureau of the Department of Employment, Training and

Rehabilitation.

February represents the 72nd consecutive month of year-over-year declines in the unemployment rate,

down 1.2 percentage points, relative to February of last year.

Additionally, February saw a seasonally-adjusted increase of 3,100 jobs, relative to January. The

construction sector continued to lead the state in terms of percentage growth, year-to-date, up 7.4

percent relative to the first two months of last year. This equates to an additional 5,400 construction

jobs in the state. Leisure and hospitality employment experienced the largest nominal growth this

month, adding 8,700 jobs to payrolls year-to-date, for a growth rate of 2.6 percent.