Las Vegas, NV (KXNT) - According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) September 2020 economic report, Nevada added back another 3,400 jobs since August. The state’s job rate has rebounded for the fifth month in a row. That's the good news.
The bad news is that the state is still down 127,600 jobs (-9.0%) since September 2019. Nevada’s seasonally adjusted unemployment rate was 12.6 percent in September. That's down from 13.3 percent in August, but still up from 3.7 percent in September 2019. Nationally, the seasonally adjusted unemployment rate was 7.7 percent.
Continuing to drag Nevada down is the painfully slow recovery for the leisure and hospitality sector. Since September of 2019, that sector in Las Vegas alone has shed almost 74,000 jobs.
Las Vegas had an unemployment rate of 14.8 percent in September, an improvement from the 15.6 percent rate seen in August.
“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. 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. Despite this good news the Las Vegas area remains at unemployment levels above what has ever previously been seen,” said David Schmidt, Chief Economist for DETR.