Carson City sees continued job growth in June, has lower unemployment than Reno or Vegas
Submitted by Jeff Munson on Tue, 07/21/2020 - 10:57am
Carson City, Reno and Las Vegas had positive rates of job growth in June, according to a report Tuesday issued by the Nevada Department of Employment, Training and Rehabilitation. The report highlights the effects of businesses reopening across Nevada after the statewide pandemic shut down over spring.
Much of the reopening was driven by the Las Vegas metro area, which grew by 8.7 percent, Reno regained 4.6 percent, and Carson City by 2.9 percent, unadjusted. Leisure and hospitality accounted for the largest portion of reopening in these areas, according to the report.
Statewide jobs decreased by 10.5 percent since June 2019. In the MSAs Las Vegas MSA declined by 14.2 percent, Reno MSA by 7.5 percent, and Carson City MSA by 8.4 percent.
These estimates are seasonally adjusted to account for expected trends seen from seasonal patterns in the economy. These declines are the result of the closures resulting from the COVID-19 outbreak and are much smaller than decreases in previous months, as the economy has reopened approximately half of the jobs that had closed.
The state’s June seasonally adjusted unemployment rate was 15 percent and the unadjusted rate was 15.2 both down from an adjusted and unadjusted high of 30 percent in April.
All three MSAs experienced decreases in unemployment.
The Carson City area had an unemployment rate of 8.4 percent in June down from a high of 21.1 percent in April, non-adjusted. In the Reno MSA, the unemployment rate was 8.6 percent in June, down from an April high of 20.4 percent. The Las Vegas metro area had an unemployment rate of 18 percent in June down from a high of 34 percent in April.
“The month’s numbers reflect the significant impact of COVID-19 restrictions on employment and unemployment in the state and the rapid change we should expect once those restrictions can be safely lifted," said David Schmidt, Chief Economist for DETR. "While encouraging, it is important to remember that conditions have changed since the middle of June, and the evolving public health landscape and necessary restrictions may continue to impact Nevada’s labor market for several months to come."
Additional Economic Report Highlights:
Employment (Seasonally Adjusted):
— Carson City employment changed 900 jobs since May and -2,600 jobs since June 2019 a rate of -8.4 percent
— Reno employment changed 10,400 jobs since May and -18,600 jobs since June 2019 a rate of -7.5 percent
— Las Vegas employment changed 73,600 jobs since May and -147,000 jobs since June 2019 a rate of -14.2 percent
Unemployment (Not Seasonally Adjusted):
— Carson City MSA’s unemployment was 8.4 percent in June compared to May’s rate of 15.2 percent and 4 percent in June 2019.
— Reno MSA’s unemployment was 8.6 percent in June compared to May’s rate of 16 percent and 3.2 percent in June 2019.
— Las Vegas MSA’s unemployment was 18 percent in June compared to May’s rate of 28.8 percent and 4.4 percent in June 2019.
— The unemployment rate in the Elko Micropolitan area was 4.1% in June compared to May’s rate of 11.6% and 3% in June 2019.
— The Fallon area’s unemployment was 4.5 percent in June compared to May’s rate of 8.6 percent and 3.6 percent in June 2019.
— The unemployment rate in Lyon County was 7.3 percent in June compared to May’s rate of 13.8 percent and 4.6 percent in June 2019.
— Douglas County’s unemployment rate was 7.3 percent in June compared to May’s rate of 14.9 percent and 3.9 percent in June 2019.
— The unemployment rate in Nye County was 7.9 percent in June compared to May’s rate of 15.3 percent and 5.1 percent in June 2019.
— The unemployment rate in the Winnemucca area was 4 percent in June compared to May’s rate of 7.8 percent and 3 percent in June 2019.
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