In March, the unemployment rate in Nevada increased to 10.4 percent, up from a revised
10.0 percent in February. The rate is the highest it has been since March 1983. It
remained above the national average which was 8.5 percent in March.
The report, released by the Nevada Department of Employment, Training &
Rehabilitation also said, “the unemployment rates in both the Reno-Sparks and Carson City MSAs were largely unchanged at 11.2 and 11.3 percent, respectively.”
The rate would have been higher if not for a decline in the labor force, said Bill
Anderson, chief economist for the Nevada Department of Employment, Training &
“Nearly 14,000 Nevada workers dropped out of the labor force from the previous month,
most were likely too discouraged to actively seek employment,” he said.
I would suspect that many have relocated to other areas.