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Silver State Times

Tuesday, May 14, 2024

Sisolak: Nevada's private sector business 'creating more jobs and opportunities for Nevadans'

Netr job fair 1200

Two prospective employees at a May 5 job fair held by the Nevada Department of Employment, Training and Rehabilitation at the Las Vegas Convention Center. | Detr Nevada/Facebook

Two prospective employees at a May 5 job fair held by the Nevada Department of Employment, Training and Rehabilitation at the Las Vegas Convention Center. | Detr Nevada/Facebook

The state's economic recovery continues to rebound as it added 5,200 new jobs in April; data from the Nevada Department of Employment, Training and Rehabilitation (DETR) showed.

“Today's job numbers prove that Nevada is on the move,” Gov. Steve Sisolak said in a recent press release from his office. “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.”

While employment levels are still below normal, 107,100 jobs have been added to the economy since April 2021, a yearly rise of 8%.

“In April, Nevada’s labor market continues to improve with private sector employment fully recovering this month, led by Nevada’s businesses,” David Schmidt, chief economist of DETR's Research and Analysis Bureau. “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.”

Nevada’s unemployment rate stands at 1,445,500, the release said. Both March and April’s unemployment rates were at 5%, which is down 3.6% from a year ago.

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