Nevada’s Labor Force Grows in August; Unemployment Rate Increases

Carson City, NV - According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) August 2023 economic report, Nevada’s unemployment rate increased slightly from July to August, going from 5.3 percent to 5.4 percent for an increase of 0.1 percentage points. The labor force in the state grew by 6,000 and August marked the 8th consecutive month that the state has seen an increase in its labor force.

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

• Las Vegas employment increased by 8,500 jobs (0.8%) since July, an increase of 44,000 jobs (4.0%) since August 2022.
• Reno employment had an increase of 1,200 jobs (0.4%) since July, an increase of 8,900 jobs (3.4%) since August 2022.
• Carson City employment had an increase of 100 jobs (0.3%) since July, an increase of 1,400 jobs (4.5%) since August 2022.

“This month's report continues to reflect Nevada's strong labor market, continuing to add jobs at one of the fastest rates in the country, while we see an increasing number of people entering the labor market. While the unemployment rate rose slightly, the reasons for unemployment and duration of employment people have experienced continues to improve.” said David Schmidt, Chief Economist.

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