NV Unemployment Rate Drops Slightly to 9.5%

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CARSON CITY, Nev. - Nevada’s unemployment rate for May fell from 9.6 percent to 9.5 percent.

The state still has 131,400 people looking for work. This marks the lowest number of unemployed the state has seen since 2008 and the 29th straight month of private-sector job creation on a year-over-year basis.

“I am pleased that May’s 9.5 percent unemployment rate marks the lowest rate in Nevada since 2008,” Governor Brian Sandoval said. “May’s unemployment rate coupled with a decrease in initial unemployment insurance claims suggests that job losses in Nevada are easing. However, even though employment so far this year is nearly 25,000 jobs higher than a year ago, the pace of hiring activity remains cautious. While the decrease in the unemployment rate is encouraging, we must continue our work to diversify our economy and create new private sector jobs.”

The Reno/Sparks unemployment rate dropped from 9.7 percent to 9.2 percent, while Las Vegas’ rate fell from 9.6 percent to 9.3 percent and Carson City saw its rate of unemployed decline from 10.1 percent to 9.5 percent.