Nevada's unemployment rate continues to fall in February
Las Vegas, NV (KTNV) -- The unemployment rate for the month of February for the state of Nevada fell from a seasonally-adjusted rate of 12.7 to 12.3 percent.
Roughly 6,500 workers fell from the ranks of the unemployed. Those people either found a job or gave up looking for one.
The jobless rate has declined in each of the last six months for the state and non-seasonally adjusted unemployment rates have fallen significantly.
The statewide rate declined by eight-tenths to 12.1 percent. That is down from 13.8 percent a year ago.
Unemployment rates in the metro-areas of the state also fell in a similar fashion.
The unemployment rate fell from 13.0 to 12.2 percent in both the Las Vegas-Paradise and Reno-Sparks areas. Carson City's rate fell from 13.5 percent to 12.7 and the unemployment rate in the Elko micropolitan fell by seven-tenths to 6.7 percent.
Employment levels in all three metropolitan areas declined from January to February.
Las Vegas lost 7,900 jobs, but is essentially unchanged over-the year; Reno-Sparks posted a loss of 1,500 jobs, and is down by 2,500 over-the-year; and Carson City lost 400 jobs and is down 4.5 percent over-the-year.
The average work week for all employees on private nonfarm payrolls has decreased by 0.3 of an hour to 33.5 hours. Over the year, the average work week has declined by one hour.
The average hour earnings for the same employees is $19.67 per hour.
Over the past 12 months, hourly earnings have increased by 3.0 percent. From January to February, the statewide average weekly wage decreased by $5.90 to $658.95. However, the weekly wage remains unchanged from 12 months ago.