As many American business owners and employers are aware, the state of our workforce has changed rapidly since the start of the pandemic. Unfortunately, many people were forced out of their positions to limit the spread of COVID-19, putting several industries out of work for some time. Occupations involving face-to-face customer service became obsolete for a majority of the quarantine lockdown, causing millions to file for unemployment.
Today, these job positions are coming back into demand, but our workforce has significantly changed post-lockdown, leaving most of these job openings unfulfilled. To fully understand the current state of the workforce, we need to analyze the Nevada unemployment rate and assess some of the obstacles faced by employees and employers.
With that in mind, the TAC team wanted to take a deeper look at what is affecting the changes in the workforce and what your company can do to better understand and be prepared for these changes. We will first be analyzing the state of Nevada unemployment rate versus that national data and then dive deeper into what your company can do to stay ahead of the game.
In April 2020, the national unemployment rate skyrocketed to over 14 percent, the highest its been since the Great Depression. The current state of the workforce has improved some over the last year and a half, but the numbers are still relatively high. According to the Bureau of Labor Statistics, the national unemployment rate was at 4.8 percent in September 2021.
In comparison, Nevada’s unemployment rate was and continues to be recorded as the highest in the nation. In April 2020, Nevada’s unemployment rate was a staggering 28.2 percent, which was double the national average. Since then, the rate has dropped significantly, but Nevada’s current unemployment rate remains above 7 percent. We should acknowledge these rates are driven largely by Southern NV. The unemployment rate as of September in Reno is 3.5% which is back to pre-pandemic levels.
With the numbers continuing to decline, we are seeing some improvements in the workforce. However, these statistics aren’t the only aspect of the workforce that has changed.
To understand what this all means for your organization, working with a professional workforce administration company, like The Applied Companies, can help set your company up for success. TAC has been part of the Reno community since 2002 and prides itself on thoughtful solutions and authentic relationships.
Our Reno staffing solutions help employers in need of a professional, reliable, and ambitious workforce. We work to provide you with quality candidates to help you grow your business and decrease turnover to save you time and money. Connect with us today for help growing your team.