Nevada’s jobless rate among nation’s highest, but economists aren’t alarmed

Andrew Woods, director of the Center for Business and Economic Research at UNLV, said he was encouraged by the growing labor participation rate. He said increasing the participation rate to pre-pandemic levels — near 64 percent according to the BLS — was most important to recovery and the state’s economic growth.

“In the short-run, it’s not surprising to see that we’re still the highest unemployment rate, with transient workers and still a lot of job openings in our largest sector,” Woods said. “What I think is more concerning is what happened to (the workers) that should still be in the workforce?”