Nevada Is State With the Highest Unemployment

By Douglas A. McIntyre Published Jan 27, 9:30AM EST

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Nevada Is State With the Highest Unemployment — © P_Wei / Getty Images

The Bureau of Labor Statistics recently released its STATE EMPLOYMENT AND UNEMPLOYMENT — DECEMBER 2022 report. The national jobless rate for the country was 3.5%, which is near a 50-year low. The news by state was good overall. Unemployment rates dropped in 35 states, compared with a year ago. Several states had jobless rates well above the U.S. figure. Nevada topped the list with a jobless rate of 5.2%, the only state with a rate above 5%. (Click here for the cities that will add the most jobs by 2060.)
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The civilian labor force in Nevada was 1,555,186. Of these, 80,407 were unemployed.
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The 20 largest employers in Nevada are a mix between government and nonprofits on the one hand and gaming companies on the other. The fourth through the tenth employers are casinos, led by Wynn Resorts. Each employs between 6,000 and 8,500 people. Gambling companies have employment trouble when the number of tourists who travel to Nevada drops.
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These states had unemployment rates (seasonally adjusted) significantly different from that of the United States (3.5) in December 2022.

Alabama (2.8)
Alaska (4.3)
California (4.1)
Delaware (4.4)
District of Columbia (4.7)
Florida (2.5)
Idaho (2.9)
Illinois (4.7)
Kansas (2.9)
Michigan (4.3)
Minnesota (2.5)
Missouri (2.8)
Montana (2.8)
Nebraska (2.6)
Nevada (5.2)
New Hampshire (2.7)
New York (4.3)
North Dakota (2.3)
Ohio (4.2)
Oregon (4.5)
South Dakota (2.3)
Texas (3.9)
Utah (2.2)
Vermont (2.6)
Virginia (3.0)
Washington (4.2)

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.