According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) March 2022 economic report, Nevada added 5,400 jobs over the month as the state continues to recover from the COVID pandemic. Employment is up 120,600 since March 2021, an annual increase of 9.1%. The total employment level in the state is 1,440,400. The state’s unemployment rate in March is 5.0%, down by 0.1 from 5.1% in February and down by 4.2% when compared to March 2021.
“I’m pleased to see that Nevada’s businesses continue to grow and that Nevadans continue to find new jobs and new opportunities. We are committed to doing all we can to connect Nevadans to job opportunities and build a stronger and more diverse economic foundation to create an economy that works for Nevada’s families” said Governor Steve Sisolak.
Las Vegas Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
Las Vegas employment increased by 1,300 jobs (0.1%) since February, and increased by 116,600 jobs (12.6%) since March 2021.
“In March, Nevada’s labor market continues to improve. Total statewide employment moved within 10,000 jobs of its pre-pandemic peak and the private sector is just 2,600 jobs below that level. Las Vegas saw the fastest job growth in the state over the year, and Reno set a new all-time high for employment. The unemployment rate continues to decline, and claims for unemployment benefits are at multi-decade lows. The labor market is tight, wages are rising, and as Nevada’s employment recovery continues these conditions are likely to continue as well.” said David Schmidt, Chief Economist.