IN CASE YOU MISSED IT: Private sector employment surpasses pre-pandemic peak; Unemployment rate remains unchanged in April

CARSON CITY, NV - May 19, 2022

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Please see the following press release from DETR about Nevada's April 2022 economic report.

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STATE & METRO AREA PRESS RELEASE

Media Contact:
detrmedia@detr.nv.gov

For Immediate Release
May 19, 2022

Private sector employment surpasses pre-pandemic peak; Unemployment rate remains unchanged in April

According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) April 2022 economic report, Nevada added 5,200 jobs over the month as the state continues to recover from the COVID-19 pandemic. Employment remains below typical levels, but is up by 107,100 jobs since April 2021, an annual increase of 8.0%. The large increase in employment over the year reflects the significant effects of the pandemic over the past two years. The total employment level in the state is 1,445,500. The state’s unemployment rate in April is 5.0 percent, unchanged from March and is down by 3.6 percentage points when compared to April 2021.

“Today's job numbers prove that Nevada is on the move. Nevada's private sector business - big and small - are fueling our economic recovery by creating more jobs and opportunities for Nevadans. I look forward to reaching - and surpassing - our pre-pandemic levels of employment soon, and every State agency is focused on making sure Nevadans are set up for economic success,” said Governor Steve Sisolak.

Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):

  • Las Vegas employment increased by 1,900 jobs (0.2%) since March, an increase of 81,700 jobs (8.5%) since April 2021.
  • Reno employment had an increase of 700 jobs (0.3%) since March, an increase of 9,800 jobs (4.0%) since April 2021.
  • Carson City employment had an increase of 300 jobs (1.0%) since March, an increase of 1,300 jobs (4.3%) since April 2021.

“In April, Nevada’s labor market continues to improve with private sector employment fully recovering this month, led by Nevada’s businesses. Total statewide employment continues to close in on its pre-pandemic peak as the public sector is yet to see a full recovery. Las Vegas saw the fastest job growth in the state over the year, and all three metro areas added jobs over the month. The unemployment rate, while higher than other states, is relatively low and is trending down. Claims for unemployment benefits continue to remain at multi-decade lows this month. While the labor market still has room to improve, it continues to remain tight and trend in a positive direction,” said David Schmidt, Chief Economist.

To see additional labor market data view the department’s employment and unemployment dashboards located at www.nevadaworkforce.com.

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ABOUT THE RESEARCH AND ANALYSIS BUREAU:

The Research and Analysis Bureau is Nevada’s premier source for labor market information. A part of DETR, the Bureau is responsible for creating, analyzing, and reporting Nevada’s labor market information, in cooperation with the United States Bureau of Labor Statistics (BLS).

Visit us http://www.nevadaworkforce.com and Follow us on Twitter: https://twitter.com/detrnevada