Nevada Economy in Brief

February 2022

Research & Analysis Bureau

March 25,2022

Executive Summary

Employment

  • The total employment level in the state is 1,434,100.
  • Nevada added back 6,300 jobs over the month but is up by 126,700 since February 2021, an annual increase of 9.7%.
  • Las Vegas employment increased by 7,600 jobs (0.7%) since January 2022 and saw an increase of 116,400 jobs (13.0%) since February 2021.
  • Reno employment had a decrease of 300 jobs (0.01%) since January 2022 but saw an increase of 10,000 jobs (4.1%) since February 2021.
  • Carson City employment had an increase of 100 jobs (0.3%) since January 2022 and saw an increase of 900 jobs (3.0%) since February 2021.
  • The state has the highest over-the-year employment growth rate ranking in the U.S.

Unemployment

  • The state’s unemployment rate in February is 5.1 percent, down 0.1 percentage point from January 2022 and down 4.7 percentage points when compared to February 2021.
  • The unemployment rates were 8.2 percent in the Las Vegas metro area, 4.3 percent in Reno, and 4.6 percent in the Carson area in February 2022.
  • The state has the highest unemployment rate ranking in the U.S.
  • In Nevada’s counties, the lowest unemployment rate was in Eureka County at 3.1 percent, and Clark County had the highest rate at 8.2 percent.
  • As of February 2022, veterans in Nevada have an unemployment rate of 7.3% (expressed as a 12-month moving average).
  • All but one counties’ unemployment rates declined significantly over the year with Clark County leading the way, down fourteen percent.

Unemployment Insurance

  • In February, 8,155 initial claims for unemployment insurance were filed in Nevada, a decrease of 4,453 claims, or 35.3 percent, from January when there were 12,608 claims.
  • The number of regular program weeks claimed and compensated decreased from January, resulting in $17.9 million in benefit payments, an decrease of 30.2 percent from the previous month.
  • Nevada’s Unemployment Insurance Trust Fund balance stood at 420,038,000 as of February 26, 2022. This compares to February 2021 when the balance was -160,649,000

Visitor Volumes/Taxable Sales/Gaming Win

  • The Reno area received 361,375 visitors in February 2022.
  • The Las Vegas area received 2,766,100 visitors in February 2022.
  • Gaming win in Nevada was $1,078,761,266 in February 2022.
  • Taxable sales in Nevada were $6,513,146,350 in January 2022.

Current Employment Overview

In February 2022, we remain on the path to recovery, but some areas of the state are still experiencing significant disruptions. The state’s current employment level of 1,434,100 is roughly 99 percent of its February 2020 peak level. The state has recovered 329,000 jobs or roughly 95 percent of the jobs lost during the pandemic. In each of the last 12 months, the state added jobs compared to the prior month, yet Nevada remains 15,500 jobs below its February 2020 level. Nevada added 13,100 unadjusted jobs over the month in February, slightly better than monthly average of 11,100 for the 12 months preceding this.

Seasonally Adjusted Recent Peak v Current Employment Levels

Feb-22 Value Recent Peak Peak Date Peak-Current % Recovered Recent High
Total nonfarm 1,440.4 1,449.6 Feb-20 -9.2 99.4% 1,440.4
Mining and logging 14.9 15.2 Nov-20 -0.3 98.0% 14.9
Construction 99.3 99.6 Jan-20 -0.3 99.7% 99.3
Manufacturing 63.9 62.7 Dec-21 1.2 101.9% 63.9
Durable goods 42.6 41.9 Oct-21 0.7 101.7% 42.6
Nondurable goods 21.3 21.0 NA 0.3 101.4% 21.3
Trade, transportation, and utilities 288.4 283.9 Dec-21 4.5 101.6% 288.4
Wholesale Trade 38.3 38.9 Nov-19 -0.6 98.5% 38.3
Retail trade 154.0 151.2 Dec-21 2.8 101.9% 154.0
Transportation, Warehousing, and Utilities 96.1 94.1 Dec-21 2.0 102.1% 96.6
Information 15.8 16.3 May-18 -0.5 96.9% 15.8
Financial activities 72.6 71.8 Dec-21 0.8 101.1% 73.5
Finance and insurance 43.1 43.2 NA -0.1 99.8% 44.1
Real estate and rental and leasing 29.5 30.1 Nov-19 -0.6 98.0% 29.5
Professional and business services 205.4 203.3 Dec-19 2.1 101.0% 205.4
Professional and technical services 67.3 66.0 Dec-21 1.3 102.0% 67.3
Management of companies and enterprises 27.7 28.2 Dec-19 -0.5 98.2% 27.7
Administrative and waste services 110.4 111.7 Dec-19 -1.3 98.8% 110.4
Education and health services 152.1 153.5 Oct-21 -1.4 99.1% 152.2
Educational services 13.9 14.0 Oct-21 -0.1 99.3% 13.9
Educational services 13.9 14.0 NA -0.1 99.3% 13.9
Health care and social assistance 138.2 139.5 Oct-21 -1.3 99.1% 138.6
Leisure and hospitality 327.7 361.7 Feb-20 -34.0 90.6% 327.7
Arts, entertainment, and recreation 33.8 35.9 Jan-20 -2.1 94.2% 34.0
Accommodation and food services 293.9 327.3 NA -33.4 89.8% 293.9
Accommodation and food services 293.9 327.3 Mar-19 -33.4 89.8% 293.9
Other services 39.3 43.4 Feb-20 -4.1 90.6% 39.5
Government 161.0 167.9 Mar-20 -6.9 95.9% 161.1
Federal 21.2 23.0 Aug-20 -1.8 92.2% 21.2
State government 38.7 42.6 Aug-17 -3.9 90.8% 38.8
Local government 101.1 106.4 Mar-20 -5.3 95.0% 101.2
Current Employment Statisitics Data
Recent High: April 2020-Current | Recent Peak: Jan 2017 - March 2020.
Information compiled by DETR's Research & Analysis Bureau

State Employment Rankings Over the Year

Current Unemployment Overview

The state’s February 2022 unemployment rate decreased by 0.1 percentage point from January’s revised level while the national rate declined by 0.2 percentage point, leaving the gap between Nevada and the United States at 1.3 percentage points. The state’s unemployment rate has dropped 23.4 percent since April. In February 2020, the month before the virus outbreak, the Las Vegas MSA’s jobless rate was just 3.6 percent. In February 2022, Las Vegas, the state’s largest population center, has an unemployment rate of 8.2 percent, nineteenth highest in the nation among large metro areas. Las Vegas’ share of unemployed workers remained stubbornly high despite a notable bump in tourism according to the Las Vegas Convention and Visitor’s Authority. Las Vegas’ unemployment rate decreased from 9.3 percent in January.

Unemployment rates were lower in February in 36 states and the District of Columbia and stable in 3 states, the U.S. Bureau of Labor Statistics reported today. Every state and the District had jobless rate decrease from a year earlier with an average decrease of 1.7 percentage points. The national unemployment rate, 5.2 percent, was down 0.1 percetntage point over the month, but was 3.2 percentage points lower than in February 2021.

Unemployment History and Rankings

Comparison of Nevada's unemployment rate to all states, 1976 to present.

Ranking State Unemployment Rates, August 2021

According to the BLS, Nonfarm payroll employment increased in all 50 states and the District of Columbia, in February 2022. The largest job gains occurred in California (+1.106 million), Texas (+832,200), and Florida (+530,200). The largest percentage increase occurred in Nevada (+9.7 percent), followed by Hawaii and California at 7.5% and 6.82% respectively. The lowest increases were realized in Alaska (6,700), Delaware (8,300), and South Dakota (8,600). On a percentage basis, those with the lowest increases were Alabama (1.7%), Delaware (1.86%), and Ohio (1.93%).

Retail Trade

Retail trade is defined as those industries whose NAICS (North American Industrial Classification System) code starts with 44 or 45.

In the Silver State, employment in the retail trade industry reached its peak in November 2018 at 155,876 employed. With the outbreak of Covid-19, employment would decrease rapidly from 155,271 in December 2019 to 118,154 in April 2020. Since that time, employment in retail trade has risen to 147,600 as of September 2021. This translates to about 78% of the retail jobs lost during that time having now been recovered.

Retail employment as a percentage of total employment had been trending down from 2015 to 2020. Historically, the silver state has averaged 11.2 percent from 2011 to third quarter of 2021. The highest retail share of total employment was reached in December 2013 at 12.25% while the lowest point was February 2020 at 10.3%. As of September 2021, it stood at 10.6%.

For September 2021, Nevada ranked 38th in highest share of total employment attributed to retail employment at 11.8 percent. The states with the highest retail share of total employment were New Hampshire (15.8%), Mississippi (15.2%), and Maine (14.9%). The states with the lowest shares were District of Columbia (4.1%), Massachusetts (10.6%), and California (10.7%). For September 2021, the average share was 12.8%.

From 2011 to 2021, Nevada on average ranked 38 out of 50 when it comes to retail share of total employment. The highest ranking for the Silver State was 26 out of 50 in May 2020. The lowest ranking was 43rd and was for March to May 2018.

Las Vegas Retail Employment

Las Vegas accounts for 10.8 percent of retail employment statewide for September 2021. For the period, 2011 to September 2022, it averages 11.4 percent of retail employment.

Washoe County Retail Employment

Much like the Las Vegas area, retail Employment in Washoe County had been trending up from April 2012 to December 2017 when it reached its peak at 24,670. In April 2020, in lieu of the pandemic, retail employment would fall to 19,788, decreasing by nearly 4,900 or 19.7 percent.

Elko County Retail Employment

Elko County experienced slightly different retail employment patterns than its Silver State counterparts; Clark and Washoe. Starting in January 2005, retail employment mostly trended up or was stable. Much like all regions in Nevada, they saw a decline in April 2020. In Elko County, the decline in retail employment was 234 or 9.3%. Since then they have more than recovered all of the lost employment. June 2021 saw a new high of 2,697 in retail.

Number of Retail Establishment in Nevada

Retail employment is usually quite seasonal but the number of establishments is a bit more consistent. Number of retail establishments in Nevada reached its peak in first quarter of 2016 at 8,790 establishments while in Clark County, that peak was reached in third quarter of 2016 at 6,320 establishments. Since peaking, both State of Nevada and Clark County have decline to the most recent levels of 8,239 and 5,845 respectively.

Number of Retail Establishment in Washoe County

Washoe County experienced a marked increase from 2002 to first quarter of 2008 when it would reach its peak of 1,508. Since reaching this peak, the number of retail establishment has mostly declined with the the exception of an increase to 1,474 in fourth quarter of 2016.

Number of Retail Establishment in Elko County

The number of retail establishments in Elko County reached its peak level at 174 in fourth quarter of 2017. After this, the number would decrease by 25 or roughly 14% to 149 in first quarter of 2011. Since that time, the number of retail establishments has fluctuated but trending up overall.

Average Weekly Wage in Retail Sector by Area

Average weekly wages in the retail industry have been on a steady increase statewide as well in Clark County, Elko County, and Washoe County. As of first quarter of 2002, the average weekly wage in the retail industry was 471.5. As of third quarter of 2021, the average weekly wage in that industry is $748.5. This represents an increase of $277 or a 58.7% increase.

Employment by retail subindustry

Employment by retail subindustry

Employment by retail subindustry

Employment by retail subindustry

Number of Establishments by retail subindustry

Number of Establishments by retail subindustry

Number of Establishments by retail subindustry

Number of Establishments by retail subindustry

Average Weekly Wage by Retail Subindustry

Average Weekly Wage by Retail Subindustry

Average Weekly Wage by Retail Subindustry

Average Weekly Wage by Retail Subindustry

Ecommerce

In light of the pandemic, Ecommerce became a greater part of society’s lives. It had been mostly on the increase nationally since 2001. From first quarter of 2020 to second quarter of 2020, the amount of retail sales rose by $49.3 million or 31.9%. This was the single largest quarterly increase since the data began being tracked in 2001. Since then it has continued to increase to its most recent level of $214.6 billion.

Nevada Retail GDP

Gross Domestic product (GDP) is the value of final goods and services produced in a given geography over a fixed period of time. Retail GDP is calculated as the value of retail sales minus the cost of goods sold. From 2009 to 2020, retail GDP in the Silver State had been increasing steadily. In second quarter of 2020, this would decrease by nearly 1.4 billion or 10.8%. Since that time, retail GDP has risen to its most current reported level of 15,913,700,000 which is a record high.

Retail GDP as a share of Total GDP

Retail GDP as as share of total GDP had been remaining somewhat constant at roughly 6.8 from first quarter of 2015 to first quarter of 2020. By second quarter of 2021, this would rise to 8.1 percent.

Retail Sales in Nevada

Taxable retail sales have been trending up since 2016. Retail sales fell from a then record high of 3.44 billion to 1.99 Billion in April 2020, a decrease of 40.2 percent. Since that time, retail sales have mostly risen to its current level of 2.98 billion.

Retail Share of Total Taxable Sales in Nevada

The retail share of total taxable sales reached its peak in May 2020 at 57.8 percent. Since that time, it has mostly declined to its most current reported level of 48.9 percent.

Retail Share of Total Taxable Sales by County

Appendix: Data Tables and Summary Information

Nevada Employment Summary

Seasonally adjusted and Non-adjusted annual employment growth estimates for Nevada.

Nevada Seasonally Adjusted CES Sector Summary
February 2022 Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 1,435,000 7,200 127,600 9.8% 1,449,600 100.0%
Super Sectors
Mining and logging 14,900 200 −100 −0.7% 15,800 1.0%
Construction 98,300 900 2,400 2.5% 146,400 6.9%
Manufacturing 63,700 500 4,900 8.3% 63,900 4.4%
Trade, transportation, and utilities 287,800 2,100 17,600 6.5% 288,400 20.1%
Information 15,700 0 1,700 12.1% 21,400 1.1%
Financial activities 73,500 −100 5,000 7.3% 73,600 5.1%
Professional and business services 200,600 400 18,800 10.3% 205,400 14.0%
Education and health services 152,200 −900 5,400 3.7% 153,500 10.6%
Leisure and hospitality 327,700 3,400 66,600 25.5% 361,700 22.8%
Other services 39,500 0 1,600 4.2% 43,400 2.8%
Government 161,100 700 3,700 2.4% 167,900 11.2%
Nevada Non-Seasonally Adjusted CES Sector Summary
February 2022 Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 1,427,000 15,000 135,100 10.5% 1,454,500 100.0%
Super Sectors
Mining and logging 14,600 300 −200 −1.4% 16,100 1.0%
Construction 95,700 1,600 1,700 1.8% 148,800 6.7%
Manufacturing 63,500 600 4,900 8.4% 63,600 4.4%
Trade, transportation, and utilities 287,200 1,000 20,500 7.7% 294,600 20.1%
Information 15,600 0 1,500 10.6% 21,500 1.1%
Financial activities 73,400 100 5,000 7.3% 73,400 5.1%
Professional and business services 198,500 −2,100 19,200 10.7% 205,200 13.9%
Education and health services 153,700 200 6,600 4.5% 153,700 10.8%
Leisure and hospitality 322,200 7,100 70,100 27.8% 360,400 22.6%
Other services 39,100 700 1,900 5.1% 42,700 2.7%
Government 163,500 5,500 3,900 2.4% 171,000 11.5%

For more information visit our CES Page1, see the summary tables at the end of the document, or check out our industry dashboard2.

Nevada Unemployment Summary

Nevada labor force and employed individuals.

Nevada unemployed individuals and unemployment rate.

Nevada Seasonally Adjusted LAUS Summary
Labor Force Unemployed Individuals Employed Individuals Unemployment Rate
Current 1,494,247 90,058 1,404,189 6.0
Change Previous Month −4,940 −8,237 3,297 −0.6
Change Previous Year −15,334 −132,344 117,010 −8.7
Maximum 1,558,067 406,325 1,499,069 28.5
Nevada Non-Seasonally Adjusted LAUS Summary
Labor Force Unemployed Individuals Employed Individuals Unemployment Rate
Current 1,500,037 101,233 1,398,804 6.7
Change Previous Month −10,016 −9,861 −155 −0.7
Change Previous Year −19,312 −126,172 106,860 −8.3
Maximum 1,565,577 384,461 1,512,122 27.5

Figures for our unemployment estimates come from the Local Area Unemployment Statistics (LAUS) program sponsored by the Bureau of Labor Statistics3. This program produces monthly and annual estimates for numerous economic indicators based on place of residence.

Las Vegas MSA Area Summary

Seasonally adjusted and Non-adjusted employment estimates for the Las Vegas MSA.

Las Vegas Non-Seasonally Adjusted CES Sector Summary
February 2022 Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 1,034,800 11,500 118,600 12.9% 1,063,400 100.0%
Super Sectors
Mining and logging 400 0 0 0.0% 700 0.0%
Construction 68,600 1,200 600 0.9% 112,000 6.6%
Manufacturing 26,900 400 2,200 8.9% 27,700 2.6%
Trade, transportation, and utilities 205,500 1,400 18,000 9.6% 210,900 19.9%
Information 11,500 0 1,300 12.7% 15,700 1.1%
Financial activities 57,100 200 4,300 8.1% 57,100 5.5%
Professional and business services 152,300 −1,700 18,400 13.7% 158,000 14.7%
Education and health services 112,000 −700 5,400 5.1% 112,700 10.8%
Leisure and hospitality 265,900 6,500 63,200 31.2% 297,300 25.7%
Other services 29,100 700 2,200 8.2% 32,900 2.8%
Government 105,500 3,500 3,000 2.9% 111,200 10.2%

Time series of the Las Vegas MSA unemployment rate 2005 to present.

Las Vegas Non-Seasonally Adjusted LAUS Summary
Labor Force Unemployed Individuals Employed Individuals Unemployment Rate
Current 1,119,491 91,754 1,027,737 8.2
Change Previous Month −11,949 −13,963 2,014 −1.1
Change Previous Year 238 −96,953 97,191 −8.7
Maximum 1,185,697 369,657 1,142,431 33.3

Reno MSA Area Summary

Seasonally adjusted and Non-adjusted employment estimates for the Reno Sparks MSA.

Reno CES Sector Summary
Current Employment Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 252,100 3,100 11,200 4.6% 254,300 100.0%
Super Sectors
Mining and logging 300 0 0 0.0% 1,400 0.1%
Construction 19,600 600 1,100 5.9% 25,500 7.8%
Manufacturing 29,100 0 2,900 11.1% 29,300 11.5%
Trade, transportation, and utilities 57,100 −200 1,700 3.1% 58,900 22.6%
Information 3,000 0 100 3.4% 3,800 1.2%
Financial activities 11,400 100 400 3.6% 11,400 4.5%
Professional and business services 31,300 −700 −400 −1.3% 34,700 12.4%
Education and health services 28,600 700 300 1.1% 28,700 11.3%
Leisure and hospitality 35,000 600 5,000 16.7% 44,500 13.9%
Other services 6,500 100 −200 −3.0% 7,400 2.6%
Government 30,200 1,900 300 1.0% 32,000 12.0%

Time series of the Reno Sparks MSA unemployment rate 2005 to present.

Reno Non-Seasonally Adjusted LAUS Summary
Labor Force Unemployed Individuals Employed Individuals Unemployment Rate
Current 262,703 11,165 251,538 4.3
Change Previous Month −1,407 −1,920 513 −0.7
Change Previous Year 8,253 −8,622 16,875 −3.5
Maximum 272,605 47,996 259,518 19.9

Carson City MSA Area Summary

Seasonally adjusted and Non-adjusted employment estimates for the carson City MSA.

Carson City CES Sector Summary
Current Employment Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 31,100 300 900 3.0% 33,600 100.0%
Super Sectors
Manufacturing 2,600 0 100 4.0% 4,200 8.4%
Trade, transportation, and utilities 4,900 0 400 8.9% 5,300 15.8%
Professional and business services 2,600 0 200 8.3% 2,700 8.4%
Leisure and hospitality 3,700 200 500 15.6% 4,500 11.9%
Government 8,800 100 −500 −5.4% 10,900 28.3%

Time series of the Carson City MSA unemployment rate 2005 to present.

Carson City Non-Seasonally Adjusted LAUS Summary
Labor Force Unemployed Individuals Employed Individuals Unemployment Rate
Current 26,608 1,226 25,382 4.6
Change Previous Month −168 −189 21 −0.7
Change Previous Year 532 −830 1,362 −3.3
Maximum 29,773 5,219 27,603 20.9

County Unemployment Rates

County unemployment rates.

Demographics Data

Time series of the unemployment rate by gender 2005 to present.

In February 2022 the unemployment rate for women was 6.6 percent compared to the rate for men which was 3.5 percent.

Time series of the unemployment rate by race 2005 to present.

In February 2022 the unemployment rates for hispanics, blacks, and whites were 3.4 percent, 11.2 percent, and 4.5 percent respectively.

Time series of the unemployment rate by race 2005 to present.

The unemployment rates by different age groups in February 2022 were 19.3 percent for 16-24 year-olds, 7.5 percent for 25-34 year-olds, 2.5 percent for 35-44 year-olds, 3.8 percent for 44-54 year-olds, and 4.5 percent for 55 and up. A more comprehensive report on unemployment demographics by county can be found on nevadaworkforce.com4.

As of April 2021, veterans in Nevada have an unemployment rate of 10.3% (expressed as a 12-month moving average). This is down from 10.7% in March. In April 2020 the veteran unemployment rate was 4.8%. In comparison, the total unemployment rate is 13.7% this month (again, expressed as a 12-month moving average), up from 13.5% in March. In April 2020 the total unemployment rate was 6.3%.

People with Disabilities

Information from the monthly Current Population Survey (CPS), sponsored by the Census Bureau and the Bureau of Labor Statistics (BLS), allows us to analyze the unemployment rate of Nevadans with disabilities. Estimates for people with disabilities are available since 2009. Please note that, the CPS estimates in less populous states, are subject to rather large sampling error. Sampling error measures the variation that occurs by chance because a sample rather than the entire population is surveyed.

The unemployment rate of people with disabilities is a simple measure: the ratio of the people with disabilities who are unemployed relative to people with disabilities in the labor force (either as workers or job seekers). CPS classifies persons as having a disability if they have a physical, mental, or emotional conditions that cause serious difficulty with their daily activities.

Unemployment rate for people with disabilities.

In mid-2010 the unemployment rate for Nevadans with disabilities peaked at 24.9 percent (expressed as a 12-month moving average). Nationwide the rate peaked at 14.6 percent in late 2011. For the year ending January 2021, the unemployment rate for people with disabilities in the Silver State is 14.7 percent, this is down 10.2 percentage points from mid-2010. In the U.S. the rate stands at 12.9 percent, down 1.7 percentage points from late 2011.

Visitor Volumes

Visitor volume for the Las Vegas area

The Las Vegas area received 2,616,600 visitors in January 2022, January 2022. The Las Vegas Convention and Visitors Authority (LVCVA)5 compiles and distributes monthly LVCVA tourism data comes from several agencies including the LVCVA, McCarran International Airport, the Nevada Gaming Control Board and the NV Department of Transportation (NDOT).

Visitor volume for the Reno area

The Reno area received 279,063 visitors in January 2022, January 2022. Reno-Sparks MSA visitor volume is provided by the Reno Sparks Convention and Visitors Authority (RSCVA)6. In addition, the RSCVA is a tax collection agency, responsible for the redistribution of public monies to various other governmental bodies.

Taxable Sales

Taxable Sales for the State of Nevada

Taxable sales in Nevada were $6,099,768,083 in January 2022. Taxable sales are provided by the Nevada Department of Taxation7.

R&A Dashboard: Taxable Sales by Area

Gaming Win

Taxable Sales for the State of Nevada

Gaming win in Nevada was $1,113,148,010 in February 2022. Gaming win data is provided by the Nevada Gaming Control Board8.

R&A Dashboard: Gaming Win by Area

Housing

Data on residential construction and housing pricesData on residential construction and housing pricesData on residential construction and housing prices

Nevada House Price Growth
12-month % change in Freddie Mac House Price Index
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 −7.2% −7.9% −9.0% −10.6% −12.0% −12.7% −12.5% −11.4% −10.1% −9.1% −8.6% −8.3%
2012 −7.9% −6.9% −5.0% −2.2% 0.9% 3.8% 6.1% 7.9% 9.4% 11.3% 13.6% 16.3%
2013 19.5% 22.4% 24.7% 26.1% 26.9% 27.2% 27.1% 26.9% 26.8% 26.4% 25.7% 24.5%
2014 22.6% 20.4% 18.3% 16.1% 14.2% 13.1% 12.6% 11.8% 10.9% 10.1% 9.6% 9.4%
2015 9.2% 9.0% 8.9% 9.2% 9.6% 9.7% 9.5% 9.6% 9.9% 10.2% 10.3% 10.2%
2016 10.1% 10.1% 10.1% 9.8% 9.2% 8.7% 8.7% 8.7% 8.5% 8.1% 8.0% 8.0%
2017 8.2% 8.4% 8.5% 8.6% 9.1% 9.7% 10.1% 10.6% 11.0% 11.6% 12.3% 12.8%
2018 12.9% 13.1% 13.8% 14.6% 15.1% 15.0% 14.3% 13.6% 13.2% 12.4% 11.2% 10.2%
2019 9.5% 8.8% 7.6% 6.4% 5.4% 4.6% 4.0% 3.6% 3.2% 3.0% 3.2% 3.7%
2020 4.3% 4.8% 4.9% 4.5% 4.1% 4.5% 5.4% 6.4% 7.4% 8.5% 9.7% 10.7%
2021 11.2% 11.9% 13.5% 16.3% 19.4% 21.7% 23.3% 24.4% 25.0% 25.3% 25.2% 25.1%
2022 25.2% 25.1% NA NA NA NA NA NA NA NA NA NA

Shiller Housing Index

Inflation

Consumer Price Index

Consumer Price Index by Product Type

Acknowledgements

Prepared by the Research and Analysis Bureau with contributions from: Christopher Robison, Dave Schmidt, Jordan Ambrose, Idaho Valdez-Parra,Jason Gortari, Dionny McDonnell, Marianne Segurson, and Tim Wilcox.

Special thanks to all the R and RStudio developers that built the packages to make this possible. Packages used in this report include tidyverse, tidyquant, readxl, cowplot, tigris, tidycensus, viridis, ggthemes, scales, data.table, RcppRoll, plotly, patchwork, knitr, ggforce, DT, and gt.

This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The U.S. Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.

  1. CES Dashboard: http://nevadaworkforce.com/CES↩︎

  2. Industry Dashboard: http://nvlmi.mt.gov/Portals/197/Dashboards/CES-Industry-Dashboard.html↩︎

  3. Bureau of Labor Statistics LAUS program: https://www.bls.gov/lau/↩︎

  4. Demographics Report: http://nevadaworkforce.com/Portals/197/Other%20Publications/Demographics%20Report/Current_Release.pdf↩︎

  5. LVCVA: https://www.lvcva.com/↩︎

  6. RSCVA: https://www.visitrenotahoe.com/event-venues/reno-sparks-convention-center/↩︎

  7. Nevada Department of Taxation, Taxable Sales: https://tax.nv.gov/↩︎

  8. Gaming Control Board, Gaming Win: https://gaming.nv.gov/index.aspx?page=172↩︎