Nevada’s Unemployment Rate Unchanged in March

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Nevada’s unemployment rate remained at 8.5 percent in March, the same as February. The unemployment rate is down from a year ago, with 10.2 percent. This means 117,000 Nevadans are out of work.

Nonfarm employment in Nevada rose by 4,700 jobs over-the-month on a seasonally adjusted basis in March. The private sector added 5,100, while the public sector cut 400. In March, Nevada’s job base increased 3.8 percent since last year, and for the last 20 months has grown at a faster pace than the nation.

“Nevada’s labor force has been trending up in 2014,” said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation. “It has grown by 16,100 since December, and the year-over-year reading in March was up 2,700 from 2013, the first yearly increase since April 2011. Nevada continues to show indication that its economy is moving in the right direction.”