Executive Summary
Employment
- The total employment level in the state is 1,440,300.
- Nevada added back 5,300 jobs over the month but is up by 120,500 since March 2021, an annual increase of 9.1%.
- Las Vegas employment increased by 400 jobs (0.7%) since February 2022 and saw an increase of 115,700 jobs (12.5%) since March 2021.
- Reno employment had a increase of 800 jobs (0.3%) since February 2022 but saw an increase of 10,200 jobs (4.2%) since March 2021.
- Carson City employment had an decrease of 100 jobs (-0.3%) since February 2022 and saw an increase of 1100 jobs (3.6) since March 2021.
- The state has the highest over-the-year employment growth rate ranking in the U.S.
Unemployment
- The state’s unemployment rate in March is 5.0 percent, down 0.1 percentage point February 2022 and down 4.1 percentage points when compared to March 2021.
- The unemployment rates were 5.0 percent in the Las Vegas metro area, 2.6 percent in Reno, and 3.0 percent in the Carson area in March 2022.
- The state has the third highest unemployment rate ranking in the U.S ahead of only the District of Columbia and New Mexico.
- In Nevada’s counties, the lowest unemployment rate was in Eureka County at 1.1 percent, and Clark County had the highest rate at 5.0 percent.
- As of March 2022, veterans in Nevada have an unemployment rate of 6.3% (expressed as a 12-month moving average).
- Every counties’ unemployment rates declined significantly over the year with Clark County leading the way, down 5.3 percentage points.
Unemployment Insurance
- In March, 8,055 initial claims for unemployment insurance were filed in Nevada, a decrease of 100 claims, or 1.2 percent, from February when there were 8,155 claims.
- The number of regular program weeks claimed and compensated decreased from February, resulting in $17.2 million in benefit payments, an decrease of 4.4 percent from the previous month.
- Nevada’s Unemployment Insurance Trust Fund balance stood at 402,808,000 as of March 31, 2022. This compares to March 2021 when the balance was 212,000
Visitor Volumes/Taxable Sales/Gaming Win
- The Reno area received 346,621 visitors in March 2022.
- The Las Vegas area received 3,334,700 visitors in March 2022.
- Gaming win in Nevada was $1,355,229,902 in March 2022.
- Taxable sales in Nevada were $5,944,746,441 in February 2022.
Current Employment Overview
In March 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 1,440,300 is roughly 99.7 percent of its February 2020 peak level. The state has recovered 340,400 jobs or roughly 98.8 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 4,100 jobs below its February 2020 level. Nevada added 12,500 unadjusted jobs over the month in April, this is higher than monthly average of 8,600 for the 12 months preceding this.
Seasonally Adjusted Recent Peak v Current Employment Levels
| Mar-22 | Value | Recent Peak | Peak Date | Peak-Current | % Recovered | Recent High |
|---|---|---|---|---|---|---|
| Total nonfarm | 1,445.5 | 1,449.6 | Feb-20 | -4.1 | 99.7% | 1,445.5 |
| Mining and logging | 14.8 | 15.2 | Nov-20 | -0.4 | 97.4% | 14.8 |
| Construction | 100.5 | 99.6 | Jan-20 | 0.9 | 100.9% | 100.5 |
| Manufacturing | 64.5 | 63.2 | Jan-22 | 1.3 | 102.1% | 64.5 |
| Durable goods | 43.0 | 42.1 | Jan-22 | 0.9 | 102.1% | 43.0 |
| Nondurable goods | 21.5 | 21.1 | NA | 0.4 | 101.9% | 21.5 |
| Trade, transportation, and utilities | 290.5 | 285.7 | Jan-22 | 4.8 | 101.7% | 290.5 |
| Wholesale Trade | 38.6 | 38.9 | Nov-19 | -0.3 | 99.2% | 38.7 |
| Retail trade | 155.3 | 151.2 | NA | 4.1 | 102.7% | 155.3 |
| Retail trade | 155.3 | 151.2 | Jan-22 | 4.1 | 102.7% | 155.3 |
| Transportation, Warehousing, and Utilities | 96.6 | 95.8 | Jan-22 | 0.8 | 100.8% | 96.6 |
| Information | 15.5 | 16.3 | May-18 | -0.8 | 95.1% | 15.8 |
| Financial activities | 73.2 | 73.6 | Jan-22 | -0.4 | 99.5% | 73.2 |
| Finance and insurance | 43.4 | 43.7 | NA | -0.3 | 99.3% | 43.4 |
| Real estate and rental and leasing | 29.8 | 30.1 | Nov-19 | -0.3 | 99.0% | 29.8 |
| Professional and business services | 206.9 | 203.3 | Dec-19 | 3.6 | 101.8% | 206.9 |
| Professional and technical services | 68.6 | 66.8 | Jan-22 | 1.8 | 102.7% | 68.6 |
| Management of companies and enterprises | 27.9 | 28.2 | Dec-19 | -0.3 | 98.9% | 27.9 |
| Administrative and waste services | 110.4 | 111.7 | Dec-19 | -1.3 | 98.8% | 110.4 |
| Education and health services | 152.6 | 153.5 | Oct-21 | -0.9 | 99.4% | 152.6 |
| 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 | 138.7 | 139.5 | Oct-21 | -0.8 | 99.4% | 138.7 |
| Leisure and hospitality | 327.4 | 361.7 | Feb-20 | -34.3 | 90.5% | 327.4 |
| Arts, entertainment, and recreation | 33.5 | 35.9 | Jan-20 | -2.4 | 93.3% | 33.6 |
| 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 | 38.5 | 43.4 | Feb-20 | -4.9 | 88.7% | 39.1 |
| Government | 161.1 | 167.9 | Mar-20 | -6.8 | 95.9% | 161.3 |
| Federal | 21.1 | 23.0 | Aug-20 | -1.9 | 91.7% | 21.2 |
| State government | 39.0 | 42.6 | Aug-17 | -3.6 | 91.5% | 39.0 |
| Local government | 101.0 | 106.4 | Mar-20 | -5.4 | 94.9% | 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 | ||||||
Current Unemployment Overview
The state’s March 2022 unemployment rate decreased by 0.1 percentage point from February’s revised level while the national rate declined by 0.2 percentage point, leaving the gap between Nevada and the United States at 1.4 percentage points. The state’s unemployment rate has dropped 23.5 percent since April 2020. In February 2020, the month before the virus outbreak, the Las Vegas MSA’s jobless rate was just 3.6 percent. In March 2022, Las Vegas, the state’s largest population center, has an unemployment rate of 5.0 percent, which ranks them 59th highest in the nation among 389 metro areas. This also represents a decrease of 0.3 percentage point from February 2022 when the unemployment rate in the Las Vegas-Paradise MSA was 5.3
Unemployment rates were lower in March in 48 states and the District of Columbia and stable in 2 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, 3.6 percent, was down 0.2 percentage point over the month, but was 2.4 percentage points lower than in February 2021.
Unemployment History and Rankings
According to the BLS, Nonfarm payroll employment increased on an annual basis in all 50 states and the District of Columbia, in March 2022. The largest job gains occurred in California (+1.056 million), Texas (+745,700), and Florida (+500,300).The largest percentage increase occurred in Nevada (+9.1 percent), followed by Hawaii and California at 6.6% and 6.5% respectively. The lowest increases were realized in Alaska (6,200), Delaware (8,400), and Wyoming (8,800). On a percentage basis, those with the lowest increases were Kansas (1.6%), Alabama (1.8%), and Delaware (1.9%).
Nevada Statewide CES Annual Benchmark 2021
Each year, Nevada’s Current Employment Statistics (CES) and Local Area Unemployment Statistics (LAUS) programs undergo a revision process called “benchmarking.” The process involves updating employment and unemployment estimates by incorporating information that has become available since the time of initial publication. For 2021, the benchmarking processes resulted in Nevada’s annual average unemployment rate estimate remaining unchanged at 12.8 percent, from the original estimate. CES benchmark revisions show that Nevada gained 131,800 jobs over the year (up from the original estimate of 80,700).
This year’s benchmark process resulted in a higher level of employment in Nevada than initially reported. Total non-farm employment averaged 1,366,600 for the year, or 51,100 more jobs than initially estimated. Employment levels for 2020 were revised up by 29,900 jobs. Nevada’s employment rose by an annual average of 87,992 jobs over the year, an increase of 7.8%. The private sector realized the largest increase in employment with an annual average increase of 88,167jobs or 9.0%, while the government sector lost 175. Service-providing industries added an annual average of 80,917 jobs, while goods-producing industries gained 7,075 jobs.
Nevada’s Metropolitan Statistical Areas (MSAs) Benchmark
The Las Vegas region’s benchmark showed the area’s economy gained more jobs than were initially estimated. Las Vegas saw an average of 980,550 jobs in 2021, which is 103,092 or 11.7% more than previously reported. Employment for the area grew by an average of 68,042 jobs, or 8.7%, over the course of the year. Goods-producing industries added 2,367, while service providers grew by 65,675 jobs.
As for the Reno-Sparks area, the benchmarking process for 2021, showed an increae of the estimated average employment. The region saw an average employment of 247,383 for the year, or 11,400 more than initially estimated. Employment increased by an annual average of 12,033, or 5.4%, from 2020. The service providing industries saw the largest increase, with 7,508 jobs while the goods-producing industries increased by 4,525 jobs.
The benchmark process for Carson City revealed the area’s economy averaged 30,558 jobs in 2021, or 200 less than previously reported. The area gained an annual average of 900 jobs over the year, an increase of 3.1%. Goods-producing industries gained 33 jobs, while service providers added 867.
Industry Employment - Over the year changes in Annual Average Post-Benchmark Estimates for 2020-2021
The construction sector saw the seventh largest number of jobs gained over the previous post-benchmark year on a nominal basis, growing by an average of 2,667 jobs. This corresponds to a 3.0% average annual growth rate.
Trade, transportation, and utilities, the State’s second-largest employer, saw the second-largest job gain, adding an average of 20,558 to payrolls throughout the year from post-benchmark year 2020 to post-benchmark year 2021. Though the nominal change is large, it marks a growth rate of 8.4%, above the Statewide average of 7.8%.
The professional and business services sector follows with a gain of 9,833 jobs, or 6.1% percent. The sector saw the third-largest average number of jobs won over the previous post-benchmark year.
Education and health services added an average of 7,542 jobs over the previous post-benchmark year, a growth rate of 5.5%. This puts the sector in fourth place in terms of largest nominal increase. This sector saw a sizable growth in the health care/social assistance sub-sector, which saw an average of 6,092 jobs won in 2021 over post-benchmark year 2020.
The manufacturing sector realized the fifth fastest growth rate in the State, at 8.2%, and added an average of 4,475 jobs over the previous post-benchmark year. Durable goods grew by an average of 3,050 jobs, while non-durable goods expanded by an average of 1,425.
The government sector declined by an average of 175 jobs in 2021 over post-benchmark year 2020, a declined by rate of 0.0%. The sector had the second-largest nominal decline of the eleven supersectors. State government declined by an average of 667 jobs, while local government added an average of 525 and federal government declined by 33jobs, respectively, in 2021 over the previous post-benchmark year.
Leisure and hospitality, the Silver State’s largest industry, added an average of 36,567 jobs in post-benchmark year 2021 over the previous post-benchmark year. Given the nature of the COVID-19 pandemic, this industry was hit hardest in the State and realized the largest increase in employment on both a nominal and percentage basis. Leisure and hospitality had an average annual growth rate of 22.7%, the largest of the eleven sectors.
Financial activities added an average of 3,150 jobs, a growth of 4.8% in 2021 over the previous post-benchmark year. This nominal increase in jobs makes the sector the sixth-largest nominal increase of the eleven supersectors in 2021. The finance and insurance sub-sector also realized a growth, adding an average of 2,017 jobs.
Information added an average 1,475 jobs through the year over the previous post-benchmark year. This corresponds to a growth rate of 11.8%, the second highest of the eleven supersectors.
Mining and logging declined by 67 jobs through the year in 2021over the previous post-benchmark year, a decline rate of -0.4%.
Other services added an average of 1,967 jobs or 6.8% in 2021 over the previous post-benchmark year. Other services realized the seventh-largest nominal increase of the eleven sectors. The other services sector is comprised of services such as equipment/machinery repair, promoting/administering religious activities, grant making, advocacy, pet care services, and dating services, among other things not specifically defined elsewhere in the North American Industry Classification System.
| INDUSTRY | 2020 | 2021 | 2021 Benchmark Revision | '20-'21 Y-O-Y Change (Post-Benchmark) | ||
|---|---|---|---|---|---|---|
| Pre-Benchmark | Post-Benchmark | Pre-Benchmark | Post-Benchmark | |||
| Total nonfarm | 1,248.8 | 1,278.7 | 1,357.0 | 1,365.9 | 8.8 | 87.2 |
| Mining and logging | 14.8 | 15.0 | 14.8 | 14.9 | 0.1 | -0.1 |
| Construction | 92.3 | 94.2 | 92.0 | 96.9 | 4.9 | 2.6 |
| Manufacturing | 55.8 | 56.2 | 60.4 | 60.7 | 0.4 | 4.5 |
| Durable goods | 37.5 | 37.8 | 40.7 | 40.8 | 0.1 | 3.1 |
| Nondurable goods | 18.3 | 18.5 | 19.6 | 19.9 | 0.3 | 1.4 |
| Trade, transportation, and utilities | 257.1 | 255.6 | 281.7 | 276.0 | -5.7 | 20.4 |
| Wholesale Trade | 36.0 | 36.4 | 38.2 | 38.0 | -0.2 | 1.6 |
| Retail trade | 141.2 | 140.6 | 153.9 | 149.1 | -4.8 | 8.5 |
| Transportation, Warehousing, and Utilities | 79.9 | 78.6 | 89.6 | 88.9 | -0.8 | 10.3 |
| Information | 13.2 | 13.5 | 14.1 | 15.0 | 0.9 | 1.5 |
| Financial activities | 66.4 | 67.0 | 69.0 | 70.1 | 1.1 | 3.1 |
| Finance and insurance | 40.0 | 40.1 | 41.5 | 42.1 | 0.6 | 1.9 |
| Real estate and rental and leasing | 26.4 | 26.9 | 27.6 | 28.0 | 0.4 | 1.1 |
| Professional and business services | 176.4 | 180.7 | 195.7 | 190.1 | -5.6 | 9.4 |
| Professional and technical services | 60.4 | 60.8 | 65.2 | 63.6 | -1.5 | 2.8 |
| Management of companies and enterprises | 23.7 | 24.6 | 25.8 | 25.8 | -0.1 | 1.2 |
| Administrative and waste services | 92.3 | 95.3 | 104.6 | 100.7 | -4.0 | 5.4 |
| Education and health services | 140.6 | 142.2 | 145.6 | 149.5 | 3.8 | 7.3 |
| Educational services | 11.3 | 11.8 | 12.0 | 13.2 | 1.2 | 1.4 |
| Health care and social assistance | 129.2 | 130.4 | 133.6 | 136.2 | 2.6 | 5.8 |
| Leisure and hospitality | 237.9 | 257.8 | 280.8 | 294.4 | 13.6 | 36.6 |
| Arts, entertainment, and recreation | 23.5 | 25.6 | 28.2 | 30.3 | 2.1 | 4.7 |
| Accommodation and food services | 214.4 | 232.1 | 252.6 | 264.0 | 11.4 | 31.9 |
| Other services | 35.9 | 37.2 | 42.1 | 39.2 | -2.9 | 2.0 |
| Government | 158.5 | 159.2 | 160.8 | 159.1 | -1.6 | -0.1 |
| Federal | 20.8 | 20.8 | 20.7 | 20.8 | 0.0 | 0.0 |
| State government | 40.4 | 39.8 | 40.2 | 39.1 | -1.0 | -0.7 |
| Local government | 97.3 | 98.7 | 99.9 | 99.2 | -0.6 | 0.6 |
| Carson City | 29.4 | 29.7 | 30.8 | 30.6 | -0.2 | 0.9 |
| Las Vegas | 810.5 | 912.5 | 820.6 | 980.5 | 160.0 | 68.0 |
| Reno | 248.3 | 235.4 | 236.0 | 247.4 | 11.4 | 12.0 |
Appendix: Data Tables and Summary Information
Nevada Employment Summary
| Nevada Seasonally Adjusted CES Sector Summary | ||||||
|---|---|---|---|---|---|---|
| March 2022 | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
| Total nonfarm | 1,440,300 | 5,300 | 120,500 | 9.1% | 1,449,600 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 14,800 | −100 | −300 | −2.0% | 15,800 | 1.0% |
| Construction | 99,400 | 1,100 | 2,100 | 2.2% | 146,400 | 6.9% |
| Manufacturing | 63,900 | 200 | 4,600 | 7.8% | 64,500 | 4.4% |
| Trade, transportation, and utilities | 289,600 | 1,800 | 17,700 | 6.5% | 290,500 | 20.1% |
| Information | 15,800 | 100 | 1,600 | 11.3% | 21,400 | 1.1% |
| Financial activities | 72,600 | −900 | 3,800 | 5.5% | 73,600 | 5.0% |
| Professional and business services | 205,100 | 4,500 | 21,600 | 11.8% | 206,900 | 14.2% |
| Education and health services | 152,000 | −200 | 4,100 | 2.8% | 153,500 | 10.6% |
| Leisure and hospitality | 326,700 | −1,000 | 60,900 | 22.9% | 361,700 | 22.7% |
| Other services | 39,100 | −400 | 900 | 2.4% | 43,400 | 2.7% |
| Government | 161,300 | 200 | 3,500 | 2.2% | 167,900 | 11.2% |
| Nevada Non-Seasonally Adjusted CES Sector Summary | ||||||
|---|---|---|---|---|---|---|
| March 2022 | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
| Total nonfarm | 1,432,600 | 5,600 | 125,900 | 9.6% | 1,454,500 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 14,600 | 0 | −400 | −2.7% | 16,100 | 1.0% |
| Construction | 98,800 | 3,100 | 2,800 | 2.9% | 148,800 | 6.9% |
| Manufacturing | 63,600 | 100 | 4,300 | 7.3% | 64,700 | 4.4% |
| Trade, transportation, and utilities | 287,100 | −100 | 19,400 | 7.2% | 294,600 | 20.0% |
| Information | 15,600 | 0 | 1,800 | 13.0% | 21,500 | 1.1% |
| Financial activities | 72,700 | −700 | 4,000 | 5.8% | 73,400 | 5.1% |
| Professional and business services | 203,000 | 4,500 | 22,800 | 12.7% | 206,600 | 14.2% |
| Education and health services | 151,800 | −1,900 | 4,000 | 2.7% | 153,700 | 10.6% |
| Leisure and hospitality | 322,700 | 500 | 62,800 | 24.2% | 360,400 | 22.5% |
| Other services | 38,800 | −300 | 1,000 | 2.6% | 42,700 | 2.7% |
| Government | 163,900 | 400 | 3,400 | 2.1% | 171,000 | 11.4% |
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 Seasonally Adjusted LAUS Summary | ||||
|---|---|---|---|---|
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
| Current | 1,508,850 | 75,566 | 1,433,284 | 5.0 |
| Change Previous Month | 5,640 | 61 | 5,579 | 0.0 |
| Change Previous Year | −8,629 | −54,706 | 46,077 | −3.6 |
| 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 | 1,512,720 | 67,591 | 1,445,129 | 4.5 |
| Change Previous Month | 9,748 | 1,436 | 8,312 | 0.1 |
| Change Previous Year | 443 | −62,452 | 62,895 | −4.1 |
| 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
| Las Vegas Non-Seasonally Adjusted CES Sector Summary | ||||||
|---|---|---|---|---|---|---|
| March 2022 | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
| Total nonfarm | 1,039,500 | 4,700 | 111,700 | 12.0% | 1,063,400 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 400 | 0 | 0 | 0.0% | 700 | 0.0% |
| Construction | 70,700 | 2,100 | 1,500 | 2.2% | 112,000 | 6.8% |
| Manufacturing | 27,100 | 200 | 2,200 | 8.8% | 27,700 | 2.6% |
| Trade, transportation, and utilities | 205,000 | −500 | 17,200 | 9.2% | 210,900 | 19.7% |
| Information | 11,400 | −100 | 1,500 | 15.2% | 15,700 | 1.1% |
| Financial activities | 56,800 | −300 | 3,800 | 7.2% | 57,100 | 5.5% |
| Professional and business services | 156,700 | 4,400 | 21,800 | 16.2% | 158,800 | 15.1% |
| Education and health services | 110,500 | −1,500 | 2,900 | 2.7% | 112,700 | 10.6% |
| Leisure and hospitality | 266,400 | 500 | 56,800 | 27.1% | 297,300 | 25.6% |
| Other services | 28,800 | −300 | 1,600 | 5.9% | 32,900 | 2.8% |
| Government | 105,700 | 200 | 2,400 | 2.3% | 111,200 | 10.2% |
| Las Vegas Non-Seasonally Adjusted LAUS Summary | ||||
|---|---|---|---|---|
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
| Current | 1,109,257 | 55,973 | 1,053,284 | 5.0 |
| Change Previous Month | 6,629 | 593 | 6,036 | 0.0 |
| Change Previous Year | 12,845 | −51,967 | 64,812 | −4.8 |
| Maximum | 1,151,130 | 321,394 | 1,110,825 | 31.1 |
Reno MSA Area Summary
| Reno CES Sector Summary | ||||||
|---|---|---|---|---|---|---|
| Current Employment | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
| Total nonfarm | 253,400 | 1,300 | 10,500 | 4.3% | 256,200 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 300 | 0 | 0 | 0.0% | 1,400 | 0.1% |
| Construction | 20,400 | 800 | 1,400 | 7.4% | 25,500 | 8.1% |
| Manufacturing | 29,400 | 300 | 2,700 | 10.1% | 29,600 | 11.6% |
| Trade, transportation, and utilities | 57,300 | 200 | 1,600 | 2.9% | 58,900 | 22.6% |
| Information | 3,000 | 0 | 100 | 3.4% | 3,800 | 1.2% |
| Financial activities | 11,100 | −300 | 0 | 0.0% | 11,400 | 4.4% |
| Professional and business services | 31,600 | 300 | 0 | 0.0% | 34,700 | 12.5% |
| Education and health services | 28,300 | −300 | 300 | 1.1% | 28,700 | 11.2% |
| Leisure and hospitality | 35,300 | 300 | 4,600 | 15.0% | 44,500 | 13.9% |
| Other services | 6,500 | 0 | −500 | −7.1% | 7,400 | 2.6% |
| Government | 30,200 | 0 | 300 | 1.0% | 32,000 | 11.9% |
| Reno Non-Seasonally Adjusted LAUS Summary | ||||
|---|---|---|---|---|
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
| Current | 254,224 | 6,960 | 247,264 | 2.7 |
| Change Previous Month | 2,771 | 447 | 2,324 | 0.1 |
| Change Previous Year | −4,417 | −6,973 | 2,556 | −2.7 |
| Maximum | 262,415 | 41,615 | 253,298 | 18.2 |
Carson City MSA Area Summary
| Carson City CES Sector Summary | ||||||
|---|---|---|---|---|---|---|
| Current Employment | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
| Total nonfarm | 31,100 | 0 | 1,100 | 3.7% | 33,600 | 100.0% |
| Super Sectors | ||||||
| Manufacturing | 2,600 | 0 | 100 | 4.0% | 4,200 | 8.4% |
| Trade, transportation, and utilities | 4,900 | 0 | 300 | 6.5% | 5,300 | 15.8% |
| Professional and business services | 2,700 | 100 | 300 | 12.5% | 2,700 | 8.7% |
| Leisure and hospitality | 3,700 | 0 | 400 | 12.1% | 4,500 | 11.9% |
| Government | 8,800 | 0 | −400 | −4.3% | 10,900 | 28.3% |
| Carson City Non-Seasonally Adjusted LAUS Summary | ||||
|---|---|---|---|---|
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
| Current | 25,410 | 775 | 24,635 | 3.0 |
| Change Previous Month | 294 | 24 | 270 | 0.0 |
| Change Previous Year | −720 | −799 | 79 | −3.0 |
| Maximum | 26,966 | 4,520 | 25,409 | 19.1 |
County Unemployment Rates
Demographics Data
In February 2022 the unemployment rate for women was 6.6 percent compared to the rate for men which was 3.5 percent.
In February 2022 the unemployment rates for hispanics, blacks, and whites were 3.4 percent, 11.2 percent, and 4.5 percent respectively.
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.
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
The Las Vegas area received 3,382,200 visitors in April 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).
The Reno area received 312,876 visitors in April 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 in Nevada were $7,532,362,962 in March 2022. Taxable sales are provided by the Nevada Department of Taxation7.
R&A Dashboard: Taxable Sales by Area
Gaming Win
Gaming win in Nevada was $1,128,480,917 in April 2022. Gaming win data is provided by the Nevada Gaming Control Board8.
R&A Dashboard: Gaming Win by Area
Housing
| 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 | −7.1% | −7.8% | −9.0% | −10.6% | −12.0% | −12.7% | −12.5% | −11.4% | −10.1% | −9.2% | −8.7% | −8.4% |
| 2012 | −7.8% | −6.8% | −4.8% | −2.0% | 1.1% | 3.8% | 6.2% | 7.8% | 9.4% | 11.4% | 13.7% | 16.4% |
| 2013 | 19.6% | 22.4% | 24.5% | 26.0% | 26.8% | 27.1% | 27.1% | 26.9% | 26.8% | 26.4% | 25.7% | 24.5% |
| 2014 | 22.5% | 20.4% | 18.3% | 16.0% | 14.2% | 13.1% | 12.6% | 11.8% | 10.9% | 10.1% | 9.5% | 9.3% |
| 2015 | 9.1% | 9.0% | 8.9% | 9.2% | 9.7% | 9.8% | 9.6% | 9.6% | 9.9% | 10.3% | 10.4% | 10.3% |
| 2016 | 10.1% | 10.1% | 10.1% | 9.8% | 9.2% | 8.6% | 8.6% | 8.7% | 8.5% | 8.1% | 7.9% | 8.0% |
| 2017 | 8.2% | 8.3% | 8.4% | 8.6% | 9.1% | 9.7% | 10.1% | 10.5% | 11.0% | 11.6% | 12.3% | 12.8% |
| 2018 | 12.9% | 13.2% | 13.8% | 14.6% | 15.1% | 14.9% | 14.3% | 13.6% | 13.2% | 12.4% | 11.2% | 10.1% |
| 2019 | 9.4% | 8.7% | 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% | 4.2% | 4.6% | 5.4% | 6.4% | 7.3% | 8.4% | 9.7% | 10.7% |
| 2021 | 11.2% | 11.9% | 13.5% | 16.2% | 19.2% | 21.7% | 23.3% | 24.4% | 25.0% | 25.3% | 25.2% | 25.1% |
| 2022 | 25.4% | 25.9% | 25.8% | 25.3% | NA | NA | NA | NA | NA | NA | NA | NA |
Inflation
Consumer Price Index
Acknowledgements
Prepared by the Research and Analysis Bureau with contributions from: Jordan Ambrose, Jason Gortari, Dionny McDonnell, Christopher Robison, Dave Schmidt, Marianne Segurson, Idalia Valdez-Parra, 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.
CES Dashboard: http://nevadaworkforce.com/CES↩︎
Industry Dashboard: http://nvlmi.mt.gov/Portals/197/Dashboards/CES-Industry-Dashboard.html↩︎
Bureau of Labor Statistics LAUS program: https://www.bls.gov/lau/↩︎
Demographics Report: http://nevadaworkforce.com/Portals/197/Other%20Publications/Demographics%20Report/Current_Release.pdf↩︎
LVCVA: https://www.lvcva.com/↩︎
RSCVA: https://www.visitrenotahoe.com/event-venues/reno-sparks-convention-center/↩︎
Nevada Department of Taxation, Taxable Sales: https://tax.nv.gov/↩︎
Gaming Control Board, Gaming Win: https://gaming.nv.gov/index.aspx?page=172↩︎