Metro area unemployment rates down over the year in June | nnbw.com

Metro area unemployment rates down over the year in June

Special to NNBW
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Unemployment rates in the state's metros varied on a month-over-month basis, but decreased year-over-year. The rate in Las Vegas is up 0.3 percentage point from May, at 5.1 percent, and is down 1 percent from last year, said Bill Anderson, chief economist for Nevada's Department of Employment, Training and Rehabilitation. Reno's rate is up 0.1 of a percentage point over-the-month, to 4 percent, and is down 1.2 percentage points over-the-year. Carson City's rate reduced by 0.1 percentage point relative to last month and declined by 1.5 percentage points from June of last year, resulting in a 4.6 percent unemployment rate this month.

"Metro area trends continue to mirror statewide improvement in the labor market," Anderson said. "Unemployment rates remained at or below 6 percent and declined on an over-the-year basis in all 17 of the state's counties. Over-the-year the number of jobs increased in the state as a whole and in all major population centers this month."

KEY POINTS

  • Reno has reached a milestone in June, as employment totals 226,400. This translates into a record-high, surpassing the pre-recessionary peak of 225,400 from March 2007.
  • Las Vegas is seeing 3,570,300 monthly visitors, 9 percent higher than the pre-recession peak of 3,272,600 monthly visitors in early 2008.
  • Reno's visitation currently stands at 413,900 monthly visitors with five years of steady gains a month, 13 percent lower than the pre-recession peak of 474,700 visitors a month.

Job Growth since June 2016

  • Statewide 48,700 jobs were added over the year (3.8 percent growth rate)
  • Reno added 7,900 jobs (3.6 percent growth rate)
  • Las Vegas added 31,700 jobs over the year (3.3 percent growth rate)
  • Carson City added 500 jobs (1.8 percent growth rate)