CARSON CITY, NV - According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) December 2022 economic report, Nevada lost 1,300 jobs over the month. Employment is up 53,400 since December 2021, an annual increase of 3.8%. The total employment level in the state is 1,476,000. The state’s unemployment rate in December is 5.2 percent, increased by 0.3 from 4.9 percent in November and decreased by 0.1 percentage points when compared to December 2021.
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
- Las Vegas employment decreased by 1,600 jobs (-0.1%) since November, an increase of 44,700 jobs (4.3%) since December 2021.
- Reno employment had an increase of 500 jobs (0.2%) since November, an increase of 9,400 jobs (3.8%) since December 2021.
- Carson City employment had an increase of 200 jobs (0.6%) since November, an increase of 400 jobs (1.3%) since December 2021.
"As we close 2022, this report shows recent trends continuing. Annual job growth remains relatively high at 3.8 percent but is moderating with a slight decline from November’s peak. The unemployment rate rose above 5 percent, and is likely to remain one of the highest rates in the country when national data is released next week. The labor force participation rate also increased, suggesting that workers continue to re-enter the workforce. " said David Schmidt, Chief Economist.