Gov. Sisolak announces Nevada has recovered all jobs lost during COVID-19 pandemic
CARSON CITY, Nev. (News 4 & Fox 11) — Nevada has recovered all of the jobs lost during the COVID-19 pandemic and has reached a new all-time high of 1,452,600 to 3,000 more jobs than the previous peak from February 2020, Nevada Governor Steve Sisolak and the Nevada Department of Employment Training and Rehabilitation announced on Friday.
The June 2022 economic report for Nevada shows that over the month Nevada added 7,600 jobs and employment is up 90,400 since June 2021, an annual increase of 6.6%. The state’s unemployment rate in June is 4.7 percent, decreased by 0.2 points from 4.9 percent in May and decreased by 2.5 percentage points when compared to June 2021.
Nevada’s economy passed another benchmark this month, recovering all of the jobs that were lost during the COVID pandemic, and doing so in a way that has more Nevadans working in better-paying jobs than before the pandemic,” said Governor Steve Sisolak. “Nevada has never had more jobs than we do today, and we will keep working to keep Nevada moving forward.
Nevada is ahead of the United States total in recovering jobs. As of June, the United States is still short 500,000 jobs from its prerecession peak.
This month, employment in Nevada reached a new milestone, reflecting the rapid growth employment the state has been experiencing as we recover from the COVID recession. This also reflects the growing diversification of the state’s economy, as the leisure and hospitality sector is still 30,000 jobs below the peak,” said David Schmidt, Chief Economist. “The state’s employment recovery is due to the stronger employment gains in other industries, which often pay significantly higher average wages.
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
- Las Vegas employment increased by 5,400 jobs (0.5%) since May, up 74,600 jobs (7.6%) since June 2021.
- Reno employment had an increase of 1,100 jobs (0.4%) since May, up 10,500 jobs (4.2%) since June 2021.
- Carson City employment was unchanged since May, up 1,200 jobs (4.0%) since June 2021.
To see additional labor market data view the department’s employment and unemployment dashboards here.
