Nevada February jobless rate drops to 8.5 percent

Published on NewsOK Modified: March 28, 2014 at 1:08 pm •  Published: March 28, 2014
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CARSON CITY, Nev. (AP) — Nevada's jobless rate fell to 8.5 percent in February, marking more than three straight years of an improved job market.

The state Department of Employment, Training and Rehabilitation reported the decline Friday, noting total nonfarm payroll increased by 3,000.

February's statewide seasonally adjusted rate is down 0.2 of a percentage point from January and remains Nevada's lowest unemployment rate since October 2008.

Gov. Brian Sandoval noted the report marks the 38th straight month of an improved job market.

Bill Anderson, Nevada's chief economist said 116,600 Nevadans were out of work in February, but that number is down by 26,000 from a year ago.

Additionally the number of long-term unemployed — defined as those out of work for 27 weeks or longer — decreased by 14,500 in February from a year ago to 51,600. Long-term unemployed account for 39 percent of Nevada's overall jobless populations.

The national unemployment rate in February was 6.7 percent, while California was 8.1 percent.

Locally, the Carson City area had the highest unemployment rate in the state in February at 9.9 percent. Las Vegas was the lowest, 8.6 percent, while the Reno-Sparks area stood at 8.8 percent.

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