Nevada Unemployment Falls to 5.2% as State Adds 800 Jobs in May
Updated
Updated · Fox 5 Las Vegas · Jun 17
Nevada Unemployment Falls to 5.2% as State Adds 800 Jobs in May
2 articles · Updated · Fox 5 Las Vegas · Jun 17
Summary
Nevada’s seasonally adjusted unemployment rate dipped 0.1 point to 5.2% in May, while total nonfarm employment rose by 800 jobs to 1,609,300.
2,600 new professional and business services jobs offset nearly 1,000 Spirit Airlines-related losses in Las Vegas that showed up in transportation industries.
3,780 workers left the labor force in May, pushing Nevada’s labor-force participation rate down to 63.4% even as payrolls increased.
Las Vegas added 1,000 jobs on the month and 19,600 on the year, while Reno lost 600 jobs in May but remained up 4,300 from a year earlier; Carson City fell by 200 jobs and was down 100 year over year.
1.8% year-over-year statewide job growth suggests Nevada’s labor market is still expanding, though the lower jobless rate came alongside a shrinking labor force.