Nevada's August unemployment rate moves downward to 6.3 percent
Nevada’s unemployment rate fell to a seasonally-adjusted 6.3 percent in August. This is down 0.3 of a percentage point over the year.
“I am pleased that Nevada continues to exceed the nation in job creation and I'm encouraged that a majority of our growth is concentrated in full-time positions,” said Gov. Brian Sandoval. “Unemployment claims are at the lowest level in a decade which is more good news for our labor market this month. We will continue to focus on economic development opportunities that will lead to quality jobs for residents of the Silver State.”
Year-over-year, the Silver State added a seasonally adjusted 37,200 jobs over August last year, for a growth rate of 2.9 percent, said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation.
“Further, annualized employment growth in the state exceeded national job gains for the 49th-consecutive month,” he said. “Over the month, a seasonally-adjusted 4,800 jobs were added. Although payrolls were expected to increase by 1,600 (not seasonally adjusted), a gain of 6,400 actually occurred, leading to the seasonally adjusted increase.”