CARSON CITY — Nevada’s unemployment rate fell to 11.6 percent in May, the lowest it has been in three years, the state Department of Employment, Training and Rehabilitation reported Friday.
The drop of one-tenth of a percentage point in the seasonally adjusted rate from April is the ninth consecutive month that the rate has shown improvement, said DETR Chief Economist Bill Anderson.
While an improvement, Anderson again noted in the May report that part of the drop is due to people giving up looking for work.
“Fewer people are looking for work as they continue to find it difficult to obtain employment in the current market. Nevertheless, trends do indicate that Nevada’s labor market is slowly rebounding,” Anderson said.
Gov. Brian Sandoval acknowledged that Nevada’s unemployment rate remains significantly high, with 158,300 Nevadans who are unemployed, but said he is optimistic about improvement in the job market.