Nevada unemployment dropped marginally, from 7.8 percent to 7.7 percent between June and July. But state employment officials say the rate of growth slowed during the same period as the recovery continues.
The jobless rate was 16.6 percent in July 2020, according to the data. Nevada has recovered about 68 percent of jobs lost during the recession and overall employment has grown to within 92 percent of the prerecession peak, but total job numbers are down by 67,000, according to the monthly report by the Department of Employment, Training and Rehabilitation, cited by the Associated Press.
“While July data is positive, there is still significant disruption to the economy as businesses and labor force seek to recover from the effects of the pandemic,” said Chief Economist David Schmidt.
Schmidt said the casino-hotel industry is 62 percent recovered, while food services have recovered by 92 percent and retail trade employment is now at 100 percent. Employment in the Las Vegas area increased from June to July by 6,500 jobs, the AP reported. Reno-Sparks added 500 jobs.
