Nevada’s unemployment holds steady at 7.1 percent in March
The state's seasonally adjusted unemployment rate remained at 7.1 percent in March, but fell in a year-over-year comparison by 1.1 percent, the Nevada’s Department of Employment, Training and Rehabilitation reports Wednesday.
“I am pleased that unemployment has been cut in half from its recessionary peak and that for 49 consecutive months the Silver State has experienced year-over-year declines in the unemployment rate,” said Nevada Gov. Brian Sandoval. “We are headed in the right direction and must remain committed to our efforts to support employment growth and assisting Nevadans in successfully returning to work.”
Metro area labor market information will be released April 21 as part of a new reporting schedule separating the metro area statistics from the state statistics.
This month, Nevada payrolls increased by 34,100, for a growth rate of 2.8 percent relative to the same month last year, said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation.
Construction has continued to hold the highest percentage growth rate of the industrial super-sectors in the state, up 6.3 percent with the addition of 3,900 jobs relative to last year. The leisure and hospitality sector added 11,800 jobs to payrolls this month, a growth rate of 3.5 percent, for the highest nominal growth in the state. From 2010-2014, during the recovery, Nevada added nearly 100,000 new private sector jobs.