Governor Sisolak has decimated lives and businesses all over the state. His policies during the COVID crisis have driven up the unemployment rate and caused businesses to close their doors. Families are struggling to make ends meet, and many are forced to leave the state in search of work. The Governor’s policies have been a disaster for Nevada.
According to the U.S. Bureau of Labor Statistics the U6 rate, which is based upon all unemployed, marginally attached, and part-time for economic reasons individuals as a percent of the civilian labor force plus all marginally attached workers is currently 10.3% in Nevada (from the third quarter of 2021 through the second quarter of 2022). This is well above the national average of 7.9%.
The U6 rate for Nevada was 14.2% in April 2020. It peaked at 17.8% in July 2020 and has been slowly declining since then. However, it is still much higher than it was pre-pandemic. In February 2020, the U6 rate for Nevada was 9.4%.
The U6 unemployment rate is a more accurate measure of unemployment than the U3 rate, which is the rate that is typically reported in the media. The U3 rate only counts people who are actively looking for work. It does not count people who have given up looking for work or people who are working part-time but would prefer to be working full-time.
The U6 rate takes into account all of the people who are struggling to find work. It is clear that Governor Sisolak’s policies have had a negative impact on the state of Nevada. Raiding the Rainy-Day Fund to pay state workers instead of laying them off while the rest of the state suffered is just one such policy.
Businesses are still having a hard time finding and keeping workers post-COVID because the state and the Biden Administration paid people not to work. It is because of the Governor’s failed response to COVID the people of Nevada continue to suffer.
Sisolak has had ample opportunities to get it right and help Nevadans, but he has failed at every turn. He needs to be held accountable for his actions. The people of Nevada deserve better.