Nevada adds 7,700 jobs in July; unemployment rate falls to 4.4 percent
Nevada added 7,700 jobs in July, with employment having fully recovered the jobs lost in the pandemic, and is now up 12,200 jobs since February 2020, according to the state's Department of Employment, Training and Rehabilitation’s July 2022 economic report.
Employment is up 78,400 since July 2021, an annual increase of 5.7 percent, according to DETR's July economic report. The total employment level in the state is 1,461,800. The state’s unemployment rate in July is 4.4 percent, down by 0.3 points from 4.7 percent in June and down by 2.2 percentage points when compared to July 2021.
“Nevada’s employment continues to rise — good news for Nevadans seeking work and employers looking to fill open positions and diversify our economy. Today’s report shows confidence in Nevada’s economy, and we are focused on continuing to make Nevada stronger and more resilient,” said Gov. Steve Sisolak.
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
— Carson City employment rose 100 jobs (0.3%) since June, up 1,100 jobs (3.6%) since July 2021.
— Reno employment rose 1,000 jobs (0.4%) since June, up 10,000 jobs (4.0%) since July 2021.
— Las Vegas employment rose 5,400 jobs (0.5%) since June, up 54,800 jobs (5.4%) since July 2021.
“Nevada’s labor market shows ongoing recovery this month, with both a significant increase in jobs over the month as well as an upward revision to last month’s data combining to push us more than 12,000 jobs beyond our February 2020 peak," said David Schmidt, the state's chief economist. "In addition, we saw the unemployment rate drop by 0.3 percentage points, narrowing the gap with the United States to 0.9 percentage points."
To see additional labor market data view the department’s employment and unemployment dashboards located at www.nevadaworkforce.com.
The Research and Analysis Bureau is Nevada’s premier source for labor market information. A part of DETR, the Bureau is responsible for creating, analyzing, and reporting Nevada’s labor market information, in cooperation with the United States Bureau of Labor Statistics (BLS).