According to the Nevada Department of Employment, Training and Rehabilitation May 2023 report, the seasonally adjusted unemployment rate in the state was 5.4%, unchanged from the previous month. The state saw an increase of 4,000 in employed people (seasonally adjusted) in May. Unemployment decreased by 500 in May; therefore, the state’s labor force grew by 4,000.
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
- Las Vegas employment increased by 1,400 jobs (0.1%) since April, an increase of 49,200 jobs (4.6%) since May 2022.
- Reno employment had a decrease of 500 jobs (-0.2%) since April, an increase of 8,700 jobs (3.3%) since May 2022.
- Carson City employment had an increase of 100 jobs (0.3%) since April, an increase of 1,500 jobs (4.9%) since May 2022.
“This month, Nevada's labor market continues to follow the same pattern as recent months, with both strong employment growth and unemployment that is higher than other states.” Said David Schmidt, Chief Economist.