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According to the Nevada Department of Employment, Training and Rehabilitation, Nevada has recovered all of the jobs lost during the COVID-19 pandemic and has reached a new all-time high of 1,452,000 jobs - 3,000 more jobs than the previous peak from February 2020.
The June 2022 economic report for Nevada shows that over the month Nevada added 7,600 jobs and state’s unemployment rate in June is 4.7%, decreased by 0.2 points from 4.9% in May.
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
- Las Vegas employment increased by 5,400 jobs (0.5%) since May, up 74,600 jobs (7.6%) since June 2021.
- Reno employment had an increase of 1,100 jobs (0.4%) since May, up 10,500 jobs (4.2%) since June 2021.
- Carson City employment was unchanged since May, up 1,200 jobs (4.0%) since June 2021.
The level of recovery among the eleven super sectors at the state level, has seen five industries surpassing their employment peaks: Manufacturing has recovered at 109.5 percent, trade, transportation and utilities with a recovery of 109.8 percent, financial activities at 108.0 percent, and education and health services at 105.2 percent. Leisure and hospitality stand at 90.7 percent recovery of its peak. Total nonfarm employment as of June 2022 stands at a 100.2 percent now above its pre-pandemic peak.
“This month, employment in Nevada reached a new milestone, reflecting the rapid growth employment the state has been experiencing as we recover from the COVID recession. This also reflects the growing diversification of the state’s economy, as the leisure and hospitality sector is still 30,000 jobs below the peak,” said David Schmidt, Chief Economist. “The state’s employment recovery is due to the stronger employment gains in other industries, which often pay significantly higher average wages.”
To see additional labor market data view the department’s employment and unemployment dashboards located at www.nevadaworkforce.com.
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