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Nevada unemployment rate down; job growth tops US

Nevada’s unemployment rate dropped to a seasonally adjusted 6.3 percent in August. That’s down 0.3 percent over the year.

Year over year, Nevada added a seasonally adjusted 37,200 jobs in August, a growth rate of 2.9 percent, according to Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation.

Annualized employment growth in Nevada also exceeded national job gains for the 49th-consecutive month, Anderson said in a statement.

“Over the month, a seasonally adjusted 4,800 jobs were added. Although payrolls were expected to increase by 1,600 (not seasonally adjusted), a gain of 6,400 actually occurred, leading to the seasonally adjusted increase,” said Anderson.

The August jobless rate compares with 6.5 percent in July. The national unemployment rate in August was 4.9 percent, according to the U.S. Bureau of Labor Statistics.

In a statement, Gov. Brian Sandoval said “I am pleased that Nevada continues to exceed the nation in job creation and I’m encouraged that a majority of our growth is concentrated in full-time positions.”

“Unemployment claims are at the lowest level in a decade which is more good news for our labor market this month,” said Gov. Sandoval.

Contact Alexander S. Corey at acorey@reviewjournal.com or 702-383-0270. Find @acoreynews on Twitter.

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