April employment report grim: Carson City loses 3,800 jobs, Reno 24,500 and Vegas, 214.5K
Submitted by Jeff Munson on Wed, 05/27/2020 - 12:54pm
In April, Carson City lost 3,800 jobs at a rate of 12.4 percent, giving the capital city an unemployment rate of 21.4 percent for the month compared to March’s rate of 7.1 percent and 4 percent in April 2019, according to figures released Wednesday by the Nevada Department of Employment, Training and Rehabilitation.
In its monthly report, DETR notes that statewide jobs decreased by 18.0 percent, a loss of 254,800 jobs since April 2019 for an employment level of 1,159,800, a trend reflected in the Metropolitan Statistical Areas, also known as MSA.
The Las Vegas MSA declined at a rate of 20.8 percent or minus 214,500 jobs for an employment level of 817,500. In the Reno MSA, the decline was at 9.9 percent or minus 24,500 jobs for an employment level of 222,400.
The Carson City MSA lost jobs at the rate of minus 12.4 percent or 3,800 jobs for an employment level of 26,900.
Changes are seasonally adjusted to show underlying trends in employment.
The State’s seasonally adjusted unemployment rate was 28.2 percent in April, 6.9 percent in March, and 4 percent in April 2019. Unadjusted unemployment rates for the state were 29.8 percent in April, 6.9 percent in March, and was 3.9 percent in April 2019. Unemployment rates for the State’s metropolitan areas, counties, and cities are not adjusted for seasonality.
The Las Vegas MSA had an unemployment rate of 33.5 percent in April resulting from having a labor force of 1,063,731 and 356,652 unemployed individuals.
In the Reno MSA, the unemployment rate was 19.6 percent in April resulting from having a labor force of 227,600 and 44,689 unemployed individuals.
The Carson MSA has an unemployment rate of 21.4 percent in April resulting from having a labor force of 23,131 and 4,952 unemployed individuals.
“This month’s report captures the impacts of the COVID-19 pandemic on Nevada’s labor market. Not to our surprise, the state and sub-state regions all realized a significant increase in unemployment and decrease in employment," said David Schmidt, Chief Economist for DETR.
The largest impact was felt in Las Vegas, with an unemployment rate over 33 percent and a decline in employment near 21 percent. However, no area of the state has been unaffected; the Reno and Carson City MSAs saw employment declines near 10 percent and unemployment rates near 20 percent, while the rural micropolitan areas of the state saw unemployment rates broadly ranging between 10 and 20 percent.
"As the situation evolves, we will continue to monitor labor market information and post updates on our website, NevadaWorkforce.com," said Schmidt.
Additional Economic Report Highlights:
Employment (Seasonally Adjusted):
— Carson City employment changed -4,000 jobs since March and -3,800 jobs since April 2019 a rate of -12.4 percent.
— Reno employment changed -27,100 jobs since March and -24,500 jobs since April 2019 a rate of -9.9 percent.
— Las Vegas employment changed -205,900 jobs since March and -214,500 jobs since April 2019 a rate of -20.8 percent.
Unemployment (Not Seasonally Adjusted):
— Carson City MSA’s unemployment rate was 21.4 percent in April compared to March’s rate of 7.1 percent and 4 percent in April 2019.
— Reno MSA’s unemployment rate was 19.6 percent in April compared to March’s rate of 5.6 percent and 3.3 percent in April 2019.
— Las Vegas MSA’s unemployment rate was 33.5 percent in April compared to March’s rate of 7.2 percent and 4 percent in April 2019.
— Elko Micropolitan Area unemployment rate was 15.4 percent in April compared to March’s rate of 5.1 percent and 3 percent in April 2019.
— Fallon Micropolitan Area unemployment rate was 12.8 percent in April compared to March’s rate of 6.1 percent and 3.7 percent in April 2019.
— Fernley Micropolitan Area unemployment rate was 20.1 percent in April compared to March’s rate of 8.2 percent and 4.8 percent in April 2019.
— Gardnerville Micropolitan Area unemployment rate was 19.3 percent in April compared to March’s rate of 6.8 percent and 4.2 percent in April 2019.
— Pahrump Micropolitan Area unemployment rate was 21.3 percent in April compared to March’s rate of 8.4 percent and 5.3 percent in April 2019.
— Winnemucca Micropolitan Area unemployment rate was 9.6 percent in April compared to March’s rate of 5.2 percent and 2.8 percent in April 2019.
