State Unemployment Rate Decreased in August

The state’s unemployment rate decreased by another “Point-one” percent in August to 4.5 percent, the lowest rate since July 2007. The Nevada Department of Employment, Training and Rehabilitation reports overall job growth is up 44,800 jobs and grew by 3.3 percent year-over-year. The last time Nevada experienced a stronger over the year growth rate was in June 2017, according to the DETR’s August 2018 economic report.  Gov. Brian Sandoval says, “With another drop in the unemployment rate, increased full-time employment, and a positive outlook for career opportunities in the well-paid jobs of the future, this month’s report highlights how our strong economic growth is benefiting Nevadans across the state.” The state’s average weekly wages, for the first quarter of the year averaged $977 an increase of $46 year-over-year.