Nevada’s total employment approaches 1.35 million jobs
Nevada turns out to be one of the few winners in an otherwise lackluster employment report for the U.S. economy in September.
The Silver State created 84,000 jobs in September compared to the same month last year, bringing its total employment to just under 1.35 million, according to the Bureau of Labor Statistics. The 6.6% year-over-year increase is enough to push Nevada into second place for job growth among all states, just behind Hawaii.
Hawaii, which created 65,600 jobs, was the only state to record a double-digit growth rate of 12.9%.
Nevada was one of six states to post job gains of at least 5% or more year over year. The other states were Hawaii, California, Washington, Texas, Utah, and Massachusetts.
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Overall, the United States just added 194,000 jobs, well below the 500,000 Dow Jones forecast.
“Hires in September were weaker than usual, which led to a decline after seasonal adjustment,” the BLS said in its monthly employment report. “Recent job changes are difficult to interpret, as pandemic-related staff fluctuations in public and private education have distorted normal seasonal patterns of hiring and firing.”
Since February 2020, for example, employment in local public education has fallen by 310,000, according to the BLS report. Jobs are also down by 194,000 in public education and 172,000 in private education.
Nevada’s strong employment numbers also reflect the state’s ongoing rebound as well as its own struggles during the pandemic. The shutdown of the gaming industry last year propelled Nevada to 28.2% unemployment in April 2020 – the highest monthly unemployment rate on record for a state and even surpassing the Great Depression. As such, Nevada also had more ground to catch up with compared to other states.
Employment gains in Nevada in September were boosted by the entertainment and hospitality industry as well as retail trade. The state is also starting to see its job gains normalize after strong increases in employment.
“This report shows a slower pace of labor market growth compared to what we saw earlier this year. Month-over-month job gains peaked in June and slowed each July through September, moving towards a more typical pace of job growth, ”said David Schmidt, chief economist of the Nevada Department of Training, Employment and Rehabilitation.
Nevada’s 7.5% unemployment rate in September also tied California to the highest unemployment rate in the country. It was one of four states, including New York and New Mexico, to have an unemployment rate above 7%.
Jason Hidalgo covers business and technology for the Reno Gazette Journal and also reviews the latest video games. Follow him on Twitter @jasonhidalgo. Do you like this content ? Support local journalism with an RGJ digital subscription.