Nevada gains jobs in February; Unemployment rate stays steady
CARSON CITY — According to the Nevada Department of Employment, Training and Rehabilitation’s February 2023 economic report, Nevada gained 7,000 jobs over the month, seasonally adjusted.
Employment is also up 74,700 since February 2022, an annual increase of 5.1 percent. The total employment level in the state is 1,537,700. Nevada’s unemployment rate was 5.5 percent in February, was unchanged from 5.5 percent in January, and increased by 0.2 from 5.3 percent in 2022.
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
— Carson City employment saw no change in jobs since January, but an increase of 1,200 jobs (3.9%) since February 2022.
— Reno employment had an increase of 1,600 jobs (0.6%) since January, an increase of 12,500 jobs (4.8%) since February 2022.
— Las Vegas employment increased by 6,100 jobs (0.5%) since January, an increase of 58,000 jobs (5.5%) since February 2022.
“In February, Nevada added 7,000 jobs compared to January, a pace comparable to the best months of job gains in 2018 and 2019. In January, Nevada had the fastest annual job growth in the nation, and Las Vegas had the fastest job growth among large metropolitan areas. And our job market remains very tight, with job openings more than 20,000 higher than the total number of unemployed workers,” said David Schmidt, Chief Economist.
To see additional labor market data view the department’s employment and unemployment dashboards located at www.nevadaworkforce.com.