Nevada jobs report says Carson City within 700 jobs of pre-COVID employment levels
Submitted by Jeff Munson on Tue, 10/20/2020 - 10:23am
The Carson City area has added back enough jobs to be within 700 jobs of its pre-COVID employment levels, according to the Department of Employment, Training and Rehabilitation in a September jobs report released Tuesday.
According to the September 2020 economic report, Nevada added back another 3,400 jobs since August. It states the Carson City Metropolitan Statistical Area experienced an increase of 600 jobs (2.0%) since August with the government sector growing the most by 500 jobs (5.3%). Compared to September 2019, total employment saw a decrease of 400 jobs (-1.3%) with professional and business services sector down the most by 300 jobs (-13.6%).
The Reno MSA had an increase of 100 jobs since August with the trade, transportation, and utilities sector growing the most by 1,600 jobs (3.2%). Compared to September 2019 total employment saw a decrease of 13,100 jobs (-5.3%) with leisure and hospitality sector down the most by 5,500 jobs (-13.8%).
The state’s job rate has rebounded for the fifth month in a row. While this is excellent news, we are down 127,600 jobs (-9.0%) since September 2019, according to the report.
Nevada’s seasonally adjusted unemployment rate was 12.6 percent in September down from 13.3 percent in August, but it is still up from 3.7 percent in September 2019.
Area total estimates are seasonally adjusted to account for regularly seen economic trends, but estimates discussing sector employment and sub-state unemployment rates are not adjusted for seasonality.
The Las Vegas Metropolitan Statistical Area (MSA) decreased by 1,400 jobs (-0.2%) since August; the professional and business services sector grew the most, up 3,400 jobs (2.6%). Compared to September 2019, total employment saw a decrease of 129,700 jobs (-12.5%) with Leisure and hospitality sector down the most by 73,900 jobs (-25.1%).
The Las Vegas MSA had an unemployment rate of 14.8 percent in September: in a labor force of 1,119,011 there were 165,647 unemployed individuals. In the Reno MSA, the unemployment rate was 6.7 percent in September: in a labor force of 252,402 there were 16,833 unemployed individuals.
The Carson City MSA has an unemployment rate of 6.8 percent in September: 1,798 unemployed individuals in a labor force of 26,455.
“September saw Nevada adding back jobs for the fifth month in a row. Additionally, many of the smaller regions in the state are seeing unemployment rates that are closer to a normal rate for the local economy, though still elevated from the pre-recession record lows," said David Schmidt, Chief Economist for DETR.
"The Carson City area has added back enough jobs to be within 700 jobs of their pre-COVID employment levels. In September, mining employment in Nevada set a record high with 17,000 jobs, surpassing the 2012 high of 15,900," said Schmidt. "Despite this good news the Las Vegas area remains at unemployment levels above what has ever previously been seen.”
Employment (Seasonally Adjusted):
— Carson City employment regained 600 jobs since August 2020 but is still down 400 jobs since September 2019 a rate of -1.3%.
— Reno employment increased 100 jobs since August and decreased 13,100 jobs since September 2019 a rate of -5.3%.
— Las Vegas employment decreased 1,400 jobs since August and overall is down 129,700 jobs since September 2019 a rate of -12.5%.
Unemployment (Not Seasonally Adjusted):
— Carson City MSA’s unemployment was 6.8% in September compared to August’s rate of 7.3% and 3.5% in September 2019.
— Reno MSA’s unemployment was 6.7% in September compared to August’s rate of 7.3% and 3% in September 2019.
— Las Vegas MSA’s unemployment was 14.8% in September compared to August’s rate of 15.6% and 3.9% in September 2019.
Meanwhile, the Fallon area’s unemployment was 4.7% in September compared to August’s rate of 5.3% and 3.1% in September 2019. The unemployment rate in Lyon County was 7.3% in September compared to August’s rate of 8% and 4.3% in September 2019.
Douglas County’s unemployment rate was 6.8% in September compared to August’s rate of 7.5% and 3.4% in September 2019.
The unemployment rate in the Elko Micropolitan area was 4.3% in September compared to August’s rate of 4.7% and 2.6% in September 2019.
The unemployment rate in Nye County was 8.9% in September compared to August’s rate of 9.7% and 4.9% in September 2019.
The unemployment rate in the Winnemucca area was 4.4% in September compared to August’s rate of 4.9% and 2.7% in September 2019.
