2/2/2021

Nevada Unemployment Rate

  • Down 1.2 percentage points from November 2020.

  • Up from 3.7% in December 2019

Nevada vs. US Employment Rate

  • Gap of 2.5 percentage points between Nevada and US compares with .1 in December 2019

  • Nevada’s seasonally adjusted unemployment rate has exceeded that of the nation since July 2007.

Unemployment Insurance

Unemployment Insurance Activity

December 2020 Unemployment Insurance Activity
Measure December 2020 December 2019 % change November 2020 % change 12 month
average
Initial Claims 37,310 12,006 210.8% 32,613 14.4% 68,097
Weeks Claimed 319,420 86,475 269.4% 413,004 −22.7% 714,638
Weeks Compensated 308,368 80,275 284.1% 312,106 −1.2% 674,142
Amount Compensated $98,906,849 $29,220,307 238.5% $104,203,073 −5.1% $228,214,319
Weeks Compensated Total Unemployment 207,651 72,849 185.0% 215,709 −3.7% 588,320
Amount Compensated Total Unemployment $78,102,015 $27,438,641 184.6% $81,448,794 −4.1% $210,216,294
First Payments 9,381 6,426 46.0% 7,511 24.9% 38,217
Final Payments (Exhaustions) 15,050 1,704 783.2% 22,599 −33.4% 15,351
Average Weekly Benefit $376.12 $376.65 −0.1% $377.59 −0.4% $365.73
Average Duration (in weeks) 15.39 13.17 16.9% 15.20 1.3% 11.92
Exhaustion Rate 47.58% 33.16% 43.5% 48.59% −2.1% 52.41%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total Employment of 1,328,300 in December 2020.

  • Nonfarm job levels down 96,900 or -6.8% over the year

Current Employment Statistics

  • Annual employment change declined by 6.2% nationally while the Silver State saw a decrease of 6.8% over the same time.

  • The 0.6 percentage point gap between Nevada and the US in December 2020 is the lowest since February 2020 (0.5 percentage points).

Current Employment Statistics

Current Employment Statistics

  • Total nonfarm employment declined by 6.8% over the year.

  • Although employment grew over the month, December represents the 10th consecutive month where job levels remained the previous year’s level.

Current Employment Statistics