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Monday, Nov. 14, 2022

Does Nevada currently have one of the worst unemployment rates in the country?

Esther Tsvayg, The Nevada Independent
yes

As of Oct. 21, 2022, Nevada’s unemployment rate of 4.4% puts it as having the 48th worst unemployment rate out of 50 states and the District of Columbia. Although Nevada’s unemployment rate declined significantly from 2021 to 2022, it still remains a point higher than it had been pre-pandemic. While the state’s pre-pandemic unemployment rate mirrored the national rate, unemployment in Nevada reached a record high of 28.5% in April 2020, and the state continues to lag behind the nation’s overall unemployment rate of 3.7% in its post-pandemic economic recovery. One of the biggest indicators of how well the state’s economy is doing is the revenue it receives from gaming and tourism. Despite low tourism volume, 2021 saw a record $7.1 billion of revenue generated by strip casinos. 2022 is expected to break that record, ahead of revenue collected at this point in 2021 by significant margins.

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The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.

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