4/29/2021

Nevada Unemployment Rate

  • 8.1% unemployment rate (seasonally adjusted) in March 2021, down 0.3 percentage point from February 2021.

  • Up from 4.4% in March 2020

Nevada vs. US Unmployment Rate

  • Gap of 2.1 percentage points between Nevada and US compares with 2.0 in March 2020

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

Unemployment Insurance

Unemployment Insurance Activity

March 2020 Unemployment Insurance Activity
Measure March 2021 March 2020 % change February 2021 % change 12 month
average
Initial Claims 42,498 208,869 −79.7% 33,878 25.4% 58,950
Weeks Claimed 286,386 220,979 29.6% 276,283 3.7% 760,381
Weeks Compensated 254,728 172,863 47.4% 248,374 2.6% 716,639
Amount Compensated $81,540,355 $61,027,404 33.6% $77,732,266 4.9% $240,746,355
Weeks Compensated Total Unemployment 208,446 149,350 39.6% 185,077 12.6% 618,090
Amount Compensated Total Unemployment $72,532,864 $55,473,813 30.8% $67,204,389 7.9% $220,664,143
First Payments 24,743 63,192 −60.8% 9,760 153.5% 35,987
Final Payments (Exhaustions) 9,018 1,859 385.1% 10,131 −11.0% 17,739
Average Weekly Benefit $347.97 $371.43 −6.3% $363.12 −4.2% $361.90
Average Duration (in weeks) 17.18 7.07 143.0% 15.65 9.8% 13.15
Exhaustion Rate 48.03% 33.78% 42.2% 47.35% 1.5% 55.98%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total Employment of 1,296,200 in March 2021.

  • Nonfarm job levels down 134,800 or -9.4% over the year.

Current Employment Statistics

  • Annual employment change declined by 4.5% nationally while the Silver State saw a decrease of 9.4% over the same time.

  • The 4.9 percentage point gap between Nevada and the US in March 2021 continues a trend that began in February 2020

Current Employment Statistics

Current Employment Statistics

  • Total nonfarm employment declined by 9.4% over the year.

  • Although employment grew over the month, March represents the 12th consecutive month where job levels remained below the previous year’s level.