Carson City’s hiring climate continues to strengthen much like the rest of the state, with unemployment figures showing a 2.1 percent drop in November to 7.1 percent. Statewide the seasonally adjusted unemployment rate is 6.9 percent, the 46th consecutive month of improvements, the Nevada Department of Employment, Training and Rehabilitation announced Friday.
“This is tremendous news for the state of Nevada. Today’s announcement marks the first month our unemployment rate has fallen below 7 percent since June 2008,” said Gov. Brian Sandoval. “This news is a direct reflection on the strong, solid growth we are witnessing in our labor market which is becoming more sustainable and diversified. We must continue our efforts to create innovative opportunities to help the business community rebound and help our citizens find gainful employment.”
The Las Vegas-Paradise and Reno-Sparks MSAs are both down 1.9 percentage points from November 2013. Las Vegas’ rate registered at 7.1 percent in November and the Reno-Sparks rate was 6.4 percent. The Carson City MSA is down 2.1 percentage points over the year to 7.1 percent.
“Month to month volatility in the metro areas is not unusual,” said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation. “A better indication of the state’s labor market can be seen in the year-over-year readings of the adjusted unemployment rates. All indications suggest that the state and metro areas are showing positive signs of recovery.”
Nevada’s jobs grew by a seasonally adjusted 2,400 in November, relative to October. Year over year, jobs are up by 27,100, the 47th consecutive year-over-year gain. Professional and business services had the highest growth rate in November at 7.5 percent, adding 11,300 jobs to payrolls relative to last November. This was followed by a 5.3 percent growth rate in the construction industry, in adding 3,100 jobs year-over-year.
