8/20/2021

Nevada Unemployment Rate

  • 7.7% unemployment rate (seasonally adjusted) in August 2021, unchanged from July 2021.

  • Down from 16.6% in August 2020

Nevada vs. US Unmployment Rate

  • Gap of 2.5 percentage points between Nevada and US compares with .1 in January 2020

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

Unemployment Insurance

Unemployment Insurance Activity

August 2021 Unemployment Insurance Activity
Measure August 2021 August 2020 % change July 2021 % change 12 month
average
Initial Claims 7,826 49,595 −84.2% 9,796 −20.1% 28,813
Weeks Claimed 146,315 1,169,210 −87.5% 183,620 −20.3% 337,969
Weeks Compensated 98,934 1,226,794 −91.9% 157,479 −37.2% 284,830
Amount Compensated $45,414,062 $386,956,759 −88.3% $53,711,808 −15.4% $98,696,810
Weeks Compensated Total Unemployment 89,553 1,085,424 −91.7% 145,756 −38.6% 225,950
Amount Compensated Total Unemployment $40,364,136 $361,634,679 −88.8% $48,737,643 −17.2% $84,626,688
First Payments 5,252 21,480 −75.5% 6,165 −14.8% 12,482
Final Payments (Exhaustions) 5,238 19,583 −73.3% 4,831 8.4% 16,143
Average Weekly Benefit $450.73 $333.17 35.3% $334.38 34.8% $382.91
Average Duration (in weeks) 18.10 13.79 31.3% 22.33 −18.9% 18.47
Exhaustion Rate 41.19% 100.13% −58.9% 44.72% −7.9% 51.25%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total Employment of 1,350,400 in August 2021.

  • Nonfarm job levels up 103,300 or 8.2% over the year.

Current Employment Statistics

  • Annual employment change increased by 4.3% nationally while the Silver State saw a increase of 8.2% over the same time.

  • The 3.9 percentage point gap between Nevada and the US in August 2021 is in contrast to a trend that began in April 2020 and ended in March 2021 where national job growth outpaced that of the Silver State.

Current Employment Statistics

Current Employment Statistics

  • Total nonfarm employment increased by 8.2% over the year.

  • August represents the fifth month since April 2020 where job levels were above the previous year’s level.

Current Employment Statistics