Nevada's Unemployment Rate Remains Persistently High in December
Nevada’s unemployment rate remains stable with a continuously growing labor force, according to a new state report. The unemployment rate in Nevada was recorded at 5.4 percent in December, marking the fifth consecutive month at this rate, according to data from the Department of Employment, Training and Rehabilitation. Despite having the highest unemployment rate in the nation, Nevada also has the highest job growth rate, adding 3.8 percent to its workforce that month. Nevada’s labor force reached a record 1.62 million in December. Nevada ends 2023 continuing to add jobs at a brisk pace while maintaining stable unemployment, said Chief Economist David Schmidt. He added, “For the first time, the accommodation and food service industry employs more people than before the pandemic, and seasonal retail hiring increased above the level seen from 2018 to 2022. Additionally, the Las Vegas region added 800 jobs, showing a 4.1 percent increase year over year.