Nevada’s unemployment rate decreased by 0.1 percentage points from February to March and now sits at 5.1 percent, according to the state’s Department of Employment, Training and Rehabilitation’s March 2024 economic report. The labor force in the state shrunk by 114 people.
“This month’s report shows ongoing and steady growth in jobs, up of 3.4 percent over the year,” said David Schmidt, the state’s chief economist. “The labor force declined slightly, as the number of unemployed people fell slightly more than the number of employed people rose, leading to a slight decline in the labor force participation rate to the national average of 62.7 percent in March.”
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
— Carson City employment had an increase of 100 jobs (0.3%) since February, an increase of 500 jobs (1.6%) since March 2023.
— Reno employment had an increase of 1,700 jobs (0.6%) since February, an increase of 6,100 jobs (2.3%) since March 2023.
— Las Vegas employment increased by 1,700 jobs (0.1%) since February, an increase of 33,200 jobs (3.0%) since March 2023.
To see additional labor market data view the department’s employment and unemployment dashboards located at nevadaworkforce.com.
Read the full report below.
Nevada Statewide & Metro Area Labor Market Overview (March 2024) by Carson Now on Scribd
