UI Tax Rate Small Business WorkshopLabor Market Conditions and Projections

David Schmidt, Chief Economist Research & Analysis Bureau Department of Employment, Training, and Rehabilitation

October 22, 2021

Current Economic Conditions

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Projections and Outlook

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Trends and Considerations

“Where are all the jobs?”

Recent end of federal extended unemployment benefits. States that endedbenefits early have not seen significant or rapid rebound in employment,with local economic activity more dominant.

Ongoing waves of COVID have the potential to draw out full recovery in thestate.

Employers are reporting record levels of job openings nationwide, whichshould increase opportunities for employment.

Local experience is very different around the state, with urban Las Vegasparticularly hard-hit in current data.

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