Undercurrent

Las Vegas MSA’s splashy employment increase still 200K short of pre-pandemic

By: - July 6, 2021 4:10 pm
need to spend more

(Photo by Ronda Churchill)

need to spend more

(Photo by Ronda Churchill)

The Bureau of Labor Statistics Tuesday reported the Las Vegas metropolitan statistical area had the nation’s highest year-over-year rate of employment increase of any large MSA, rising from 774,900 in May 2020 to 940,700 in May 2021, an increase of 165,800 jobs, or 21.4%.

The nation’s highest percentage gain notwithstanding, employment in the Las Vegas MSA in May 2021 was still about 200,000 workers less than the 1,142,431 reported by BLS in February 2020.

Of the 51 metro areas with a population of more than 1 million BLS looked at, the Detroit MSA had the second highest employment increase rate, at 20.1%.

Last week the Bureau of Labor Statistics reported Nevada’s GDP growth was the nation’s largest between the first quarter of 2020 and the first quarter of 2021.

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Hugh Jackson
Hugh Jackson

Hugh Jackson was editor of the Las Vegas Business Press, senior editor at the Las Vegas CityLife weekly newspaper, daily political commentator on the Las Vegas NBC affiliate, and author of the Las Vegas Gleaner political blog. Prior to moving to Las Vegas, he was a reporter and editor at the Casper (Wyoming) Star-Tribune.

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