Nevada’s economy carried over many of the positive trends of 2015 into the early part of 2016. Statewide annual job growth reported a 2.9 percent improvement in April 2016 (latest data available) on a rolling 12-month basis. The addition of 30,200 jobs over the previous year brought total employment in Nevada to 1.28 million. If that growth rate continues, the state will return to pre-recession employment levels before the end of the year. Nevada still has one of the nation’s highest job growth rates, though its ranking has declined from second to eighth since March 2015. Meanwhile, the state’s unemployment rate continued its improvement over the past year, declining from 6.9 percent to 5.8 percent.

In Elko County, the number of jobs has been shrinking on an annual basis since September 2013. Since that point, trailing 12-month average employment has fallen from 27,260 to 25,960, an overall decline of 4.8 percent. Over the past year, the number of jobs in the county dropped 2.2 percent. Despite that trend, a shrinking labor force helped the countywide unemployment rate improve from 5.3 percent to 5.0 percent during that timeframe.

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