Unemployment drops in Douglas County
The unemployment rate in Douglas County fell nearly an entire percentage point in the second month of the year, according to data released Friday by the Nevada Department of Employment, Training and Rehabilitation.
Unemployment fell from 14.8 percent in January to 13.9 percent in February. The total labor force actually increased from 21,370 to 21,520, with the total number of employed workers jumping from 18,210 to 18,540.
The number of unemployed workers dropped from 3,160 to 2,980.
Statewide, Nevada’s unemployment rate fell in February to a seasonally adjusted 12.3 percent, down from 12.7 percent in January.
“The latest decline in our unemployment rate indicates our economic indicators are headed in the right direction, but this month’s figures are also a reminder that we must continue to strive for job growth in every sector in this fragile economic recovery,” said Gov. Brian Sandoval. “We are fighting on every front to help businesses create 50,000 jobs by the end of 2014. Statistics from 2011 indicate more than 10,000 jobs were added, so we still have work to do.”
In both the Las Vegas-Paradise and Reno-Sparks areas, the unemployment rate fell from 13 to 12.2 percent in February. Carson City’s unemployment rate declined by eight-tenths of a percentage point as well, falling from 13.5 percent in January to 12.7 in February. The unemployment rate in the Elko micropolitan area fell by seven-tenths to 6.7 percent.
DETR Chief Economist Bill Anderson said February’s labor market report drives home two points.
“First, although Nevada’s labor market slowly began to improve in 2011, a trend which we expect to continue going forward, the state’s recovery will not be without a bump or two along the way,” he said. “Second, the state’s most recent labor market barometers highlight the fact that it is best not to focus solely on one month’s developments.
“While some softness is evident in the February report which will merit monitoring in the months ahead, it is important to keep in mind that it comes on the heels of several months of more encouraging news, and we continue to believe that Nevada is on the mend. Against a backdrop of stable-to-declining unemployment insurance claims, expanding taxable sales, an uptrend in gaming win, and growing visitor volume, we look for Nevada’s labor market fundamentals to slowly improve.”