September unemployment claims in Nevada down 12.8 percent compared to August
Submitted by Jeff Munson on Sun, 10/20/2019 - 10:54am
CARSON CITY — Initial claims for unemployment insurance benefits totaled just over 8,400 in September, down over 1,200 claims, or 12.8 percent compared to August, according to the latest figures compiled by the Nevada Department of Employment, Training and Rehabilitation. Relative to September 2018, claims are up 1.8 percent, with 150 more claims.
Initial claims totaled just over 8,400 in September, down over 1,200 claims, or 12.8 percent compared to August.
Initial claims increased 1.8 percent compared to last September, with 150 more claims. Initial claims for unemployment insurance benefits totaled just over 8,400 in September, down over 1,200 claims, or 12.8 percent compared to August, according to the report.
The relative trend, expressed in the 12-month moving average of the series, held steady, with a reading of 10,070 this month.
Average unemployment duration held steady over the year, at 13.2 weeks. The exhaustion rate (the rate at which claimants exhaust their UI benefits) stands at 33.8 percent, 0.4 percentage point higher than last September, the report states.
Initial claims for unemployment insurance benefits saw a marked decline over the month, falling by more than 1,200 claims. While this is a very large decrease, down over 12.8 percent, it is an expected seasonal shift in claims activity, said Jeremey Hays, economist at the Department of Employment, Training and Rehabilitation.
To give more context to the decline, last year’s September reading saw a decline of 13.5 percent relative to August 2018.
"Looking at trends through the first nine months of the year, netting out the effects of seasonality, claims activity is down 3.6 percent compared to the same period last year,” said Hays.
