Carson City sees slight decrease in October employment, Reno and Vegas report modest gains
Submitted by Jeff Munson on Sat, 11/28/2020 - 12:05pm
CARSON CITY — The Silver State added back 3,600 jobs, or 0.3 percent since September 2020. When compared to October 2019, jobs are still down by 117,200, or -8.2 percent, for a current total of 1,305,300 jobs, according to a the Department of Employment, Training and Rehabilitation’s October 2020 economic report.
Nevada’s seasonally adjusted unemployment rate was 12 percent in October 2020 compared to 3.7 percent in October 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, according to a DETR news release.
The Carson City MSA experienced a decrease of 300 jobs, or -1 percent, since September 2020 with the trade, transportation, and utilities sector growing the most by 100 jobs, or 2.5 percent. Compared to October 2019, total employment saw a decrease of 1,200 jobs or -3.9 percent, with professional and business services sector down the most by 200 jobs, or -9.1 percent. The Carson MSA has an unemployment rate of 6.6 percent in October 2020.
The Reno MSA had an increase of 200 jobs, or 0.1 percent, since September 2020 with the professional and business services sector growing the most by 1,400 jobs, or 4.5 percent. Compared to October 2019, total employment saw a decrease of 15,000 jobs, or -6.0 percent, with leisure and hospitality sector down the most by 6,200 jobs, or -15.9 percent. The unemployment rate in Reno is 6.3 percent compared to 2.8 percent last year.
The Las Vegas Metropolitan Statistical Area (MSA) increased by 8,100 jobs, or 0.9 percent, since September 2020 with the leisure and hospitality sector growing the most by 6,300 jobs, or 2.8 percent. Compared to October 2019, total employment saw a decrease of 111,600 jobs, or -10.7 percent with leisure and hospitality sector down the most by 60,200 jobs, or -20.5 percent, despite the over the month gains. The unemployment rate for the area was 13.8 percent and is still the highest in the state.
“As has been the case for the duration of the COVID recession, the Las Vegas area continues to see the most significant impacts in terms of both employment and unemployment. Statewide, employment was mixed with the Las Vegas MSA up, the Reno MSA flat, and the Carson City MSA down over the month," said David Schmidt, Chief Economist for DETR.
Nevada, at 12 percent, has the second highest unemployment rate in the nation behind Hawaii. The rate of unemployment in the Las Vegas MSA, 13.8 percent, is more than double that in Reno and Carson City, 6.3 and 6.6 percent, respectively.
"Although the labor market continues to improve, Nevada remains one of the states most impacted by the COVID pandemic," said Schmidt. "Our economic outlook depends on our response to COVID-19 including treatments, policy responses, and public compliance with measures to slow the spread of the disease.”
Additional Economic Report Highlights, Employment (Seasonally Adjusted):
— Carson City employment had a decrease of 300 jobs, or -1.0 percent, since September 2020 and a decrease of 1,200 jobs, or -3.9 percent, since October 2019.
— Reno employment had an increase of 200 jobs, or 0.1 percent, since September 2020 and a decrease of 15,000 jobs, or -6.0 percent, since October 2019.
— Las Vegas employment increased by 8,100 jobs, or 0.9 percent, since September 2020 and a decrease of 111,600 jobs, or -10.7 percent, since October 2019.
Unemployment (Not Seasonally Adjusted):
— Carson City MSA’s unemployment was 6.6 percent in October 2020 compared to September 2020’s rate of 6.9 percent and 3.3 percent in October 2019.
— Reno MSA’s unemployment was 6.3 percent in October 2020 compared to September 2020’s rate of 6.7 percent and 2.8 percent in October 2019.
— Las Vegas MSA’s unemployment was 13.8 percent in October 2020 compared to September 2020’s rate of 14.6 percent and 3.8 percent in October 2019.
— The Fallon area’s unemployment was 4.5 percent in October 2020 compared to September 2020’s rate of 4.7 percent and 3 percent in October 2019.
— The unemployment rate in Lyon County was 7.1 percent in October 2020 compared to September 2020’s rate of 7.3 percent and 4 percent in October 2019.
— Douglas County’s unemployment rate was 6.5 percent in October 2020 compared to September 2020’s rate of 7 percent and 3.3 percent in October 2019.
— The unemployment rate in Nye County was 9 percent in October 2020 compared to September 2020’s rate of 9 percent and 4.6 percent in October 2019
— The unemployment rate in the Elko Micropolitan area was 4.2 percent in October 2020 compared to September 2020’s rate of 4.3 percent and 2.5 percent in October 2019.
— The unemployment rate in the Winnemucca area was 4.3 percent in October 2020 compared to September 2020’s rate of 4.5 percent and 2.6 percent in October 2019.
