Slight Drop Nevada Unemployment Rate - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Slight Drop Nevada Unemployment Rate

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According to the Nevada Department of Employment, Training and Rehabilitation the state's unemployment rate fell from 9.6 percent to 9.5 percent for the month of June.

In Reno/Sparks the unemployment rate dipped half a percent to 9.3 percent. Carson city saw an even larger drop from 10.1 to 9.5 percent. Elko remains significantly lower, seeing a dip from 6 to 5.7 percent.

To the south, Las Vegas dropped as well, but registered the highest jobless rate. The went from 10.1 percent down to 9.7. 

"Today's news, which shows a decline in the unemployment rate, also shows that job numbers have decreased slightly in the last month," Governor Brian Sandoval said. "While these are conflicting signals, the underlying trends remain positive and show that jobs are up more than 22,000 during the first seven months of this year compared to 2012 and the unemployment rate is down nearly two points. These trends, along with other measures show our economy's strength, and continue to point toward stable and modest growth."

While job growth is up year over year, Nevada suffered a loss of 10,200 jobs in the month of July.

"This does not necessarily point to a looming sustained downturn in Nevada's economy, but more so highlights the inherent volatility of the monthly job estimates," said Bill Anderson, chief economist for Nevada's Department of Employment, Training and Rehabilitation. "Recognizing this volatility, it is good practice to focus any trend analysis on year-to-date values in addition to discussing the month-to-month changes. That said, jobs are up by 22,200 year-to-date in the monthly jobs survey, a much more stable barometer of underlying conditions."

U.S. Senator Dean Heller (R-NV) issued the following statement regarding the Nevada unemployment figures released earlier today:

"This month's decline in Nevada's unemployment rate is promising, but it doesn't change the fact that many job creators in the Silver State will walk into the office this morning worried about the toll ObamaCare is taking on their business," said Senator Dean Heller. "The delays in implementing portions of this law show just how flawed it is. Since the Affordable Care Act was passed, many employers have been forced to cut workers' hours or stop hiring altogether. Nevadans don't need laws that discourage job creation; they need policies that will encourage growth and innovation."

Contains information from Nevada Department of Employment, Training and Rehabilitation. 

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