Las Vegas jobless rate hits seven-year low
LAS VEGAS, Nev. – Job growth in the Valley helped drive the Las Vegas unemployment rate to 6.6 percent, the lowest it has been since June 2008, according to an announcement made by the Department of Employment, Training and Rehabilitation last week.
Southern Nevada employers added 1,400 jobs in May and year-to-date, have added 23,100 jobs compared to the same period in 2014.
Industries showing the greatest job growth included construction with an additional 6,200; leisure and hospitality adding 7,500; education and health services with 2,900; retail with 2,700; and professional and business services, adding 3,200 jobs.
State workforce development agencies job postings were also up in May with Clark County postings topping 11,200 – a 55-percent increase over May 2014. Local workforce grew by 23,200 people to more than 1 million.
Both Reno and Carson City came in with a jobless rate under 7 percent, as well. This is better than usual for all three metro markets. The reported numbers were not seasonally adjusted.
Source: Las Vegas Review-Journal