2/11/2021

Nevada Unemployment Rate

  • Down 1.2 percentage points from November 2020.

  • Up from 3.7% in December 2019

Nevada vs. US Unmployment 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 January 2021 January 2020 % change December 2020 % change 12 month
average
Initial Claims 43,070 10,527 309.1% 37,310 15.4% 70,809
Weeks Claimed 351,320 72,302 385.9% 319,420 10.0% 737,890
Weeks Compensated 312,012 66,985 365.8% 308,368 1.2% 694,561
Amount Compensated $100,572,592 $24,541,991 309.8% $98,906,849 1.7% $234,550,203
Weeks Compensated Total Unemployment 233,554 61,156 281.9% 207,651 12.5% 602,686
Amount Compensated Total Unemployment $86,700,845 $23,147,142 274.6% $78,102,015 11.0% $215,512,436
First Payments 11,888 5,207 128.3% 9,381 26.7% 38,773
Final Payments (Exhaustions) 14,169 1,332 963.7% 15,050 −5.9% 16,421
Average Weekly Benefit $371.22 $378.49 −1.9% $376.12 −1.3% $365.13
Average Duration (in weeks) 15.54 13.27 17.1% 15.39 1.0% 12.10
Exhaustion Rate 47.23% 32.91% 43.5% 47.58% −0.7% 53.61%
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