Below are summary charts for various data sources in the Las Vegas - Paradise MSA area. For more information on the data source, and for more data from that source select from the tabs below.
| Las Vegas - Paradise MSA Non-Seasonally Adjusted LAUS Summary | ||||
| As of October 2024 | ||||
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
|---|---|---|---|---|
| Current | 1,204,104 | 70,321 | 1,133,783 | 5.8 |
| Change Previous Month | 2,779 | −203 | 2,982 | −0.1 |
| Change Previous Year | 9,670 | 5,026 | 4,644 | 0.3 |
| Maximum | 1,209,806 | 369,106 | 1,139,152 | 34.0 |
| Las Vegas - Paradise Unemployment Insurance Summary | ||||||||||||
| Claim Type | Week of | Current | Previous Week | +/- Week | % Week | Previous Month | +/- Month | % Month | Previous Year | +/- Year | % Change | % of Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial | Nov 24, 2024 | 2,680 | 2,327 | 353 | 15.2% | 1,913 | 767 | 40.1% | 1,775 | 905 | 51.0% | 77.2% |
| Continued | Nov 24, 2024 | 20,420 | 19,841 | 579 | 2.9% | 19,516 | 904 | 4.6% | 16,714 | 3,706 | 22.2% | 82.2% |
The Current Employment Statistics (CES) program is a monthly survey conducted by the Bureau of Labor Statistics. The survey provides employment, hours, and earnings estimates based on payroll records of business establishments
Seasonally adjusted estimates account for regularly seen seasonal employment patterns. Things like holiday hiring, beach season, ski season, or other jobs with seasonal components. The result of a seasonally adjusted estimate is usually a smoother estimate from which underlying economic trends can be seen.
The LAUS program produces monthly and annual employment, unemployment, and labor force data for census regions and divisions, states, counties, metropolitan areas, and many cities, by place of residence. The LAUS program provides labor force data (employment and unemployment rates) for each state and sub-state area (metropolitan areas, counties, and cities with populations larger than 25,000). LAUS data are used for planning and budgetary purposes, determining employment and training program needs, allocating federal funds under the workforce investment act (WIA) and the federal emergency management agency (FEMA), and identifying labor surplus areas, which receive preference in the awarding of federal procurement contracts.
Las Vegas - Paradise MSA’s unemployment rate was 5.8 percent in October 2024, decreasing from 5.9 percent in September 2024, and up from 5.5 percent in October 2023, non-seasonally adjusted.
The unemployed percent of the civilian labor force [i.e., 100 times (unemployed/civilian labor force)].
Included are all persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment some time during the 4 week-period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.
The number of unemployed individuals decreased by 203 since September 2024 for a current level of 70,321 people, which is 5,026 more unemployed people than October 2023.
The labor force includes all people age 16 and older who are classified as either employed and unemployed, as defined below. Conceptually, the labor force level is the number of people who are either working or actively looking for work.
The labor force in Las Vegas - Paradise MSA is currently 1,204,104 people, which is 2,779 more people than September 2024, and is up 9,670 people since October 2023.
These are all persons who, during the reference week (the week including the 12th day of the month), (a) did any work as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of their family, or (b) were not working but who had jobs from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job.
The number of employed individuals increased by 2,982 since September 2024 for a current level of 1,133,783 people, which is 4,644 more employed people than October 2023.
The Federal-State Unemployment Insurance Program provides unemployment benefits to eligible workers who are unemployed through no fault of their own (as determined under State law) and meet other eligibility requirements of State law. Unemployment insurance payments (benefits) are intended to provide temporary financial assistance to unemployed workers who meet the requirements of State law. Each State administers a separate unemployment insurance program within guidelines established by Federal law. Eligibility for unemployment insurance, benefit amounts and the length of time benefits are available are determined by the State law under which unemployment insurance claims are established. In the majority of States, benefit funding is based solely on a tax imposed on employers.
Initial claims are the number of new jobless claims filed by individuals seeking to receive unemployment benefits.
As of the week of Nov 24, 2024, there are currently 2,680 initial claims in Las Vegas-Henderson-Paradise MSA, which represents a decrease of 76,303 Initial claims from a maximum of 78,983 in the week of Mar 21, 2020. Las Vegas-Henderson-Paradise MSA accounts for 77.21% of the state’s total of 3,471 initial claims.
Continuing claims are the number of people filing for unemployment benefits who have already filed an initial claim. In order to be included in continuing claims, the person must be covered by unemployment insurance and currently receiving benefits. They must have been unemployed for at least a week after filing the initial claim, per Department of Labor specifications.
As of the week of Nov 24, 2024, there are currently 20,420 continued claims in Las Vegas-Henderson-Paradise MSA, which represents a decrease of 312,810 continued claims from a maximum of 333,230 in the week of May 16, 2020. Las Vegas-Henderson-Paradise MSA accounts for 82.16% of the state’s total of 24,853 continued claims.
The Occupational Employment Statistics (OES) survey is conducted in all 50 states and the District of Columbia in conjunction with the U.S. Department of Labor, Bureau of Labor Statistics. The Research and Analysis Bureau of the Department of Employment, Training, and Rehabilitation (DETR) conducts the semi-annual OES survey for Las Vegas - Paradise MSA. The collected information includes occupation and wage data for Nevada, the state’s three metropolitan statistical areas (Las Vegas-Paradise, Reno-Sparks, and Nevada), and Balance of State (BOS) areas. In addition to the area information, data is also available by industry.
Gamin win are provided by the Nevada Gaming Control Board.
In Clark County gaming win is currently at $1,112,732,098 in October 2024 a decrease of $157,045,951 from a maximum of $1,269,778,049 in December 2023.
Since the previous month the area has declined by $17,979,303 (-1.6%).
Since the previous year the area has decreased by $24,605,838 (-2.2%).
Taxable sales are provided by the State of Nevada Department of Taxation.
In the Las Vegas - Paradise MSA, taxable sales are currently at $5,223,513,693 as of July 2024. This represents a decrease of $984,959,066 from a maximum of $6,208,472,759 in December 2023.
Compared to the previous month taxable sales in the area have decreased by $225,626,753 (-4.1%).
Compared to the previous year taxable sales in the area have decreased by $240,798,741 (-4.4%).
Data in this tab is sourced from the Federal Reserve Economic Data, (FRED) is an online database consisting of hundred of thousands of economic data time series from scores of national, international, public, and private sources. FRED, created and maintained by the Research Department at the Federal Reserve Bank of St. Louis, goes far beyond simply providing data: It combines data with a powerful mix of tools that help the user understand, interact with, display, and disseminate the data.
Population estimates are updated annually using current data on births, deaths, and migration to calculate population change since the most recent decennial census. For more on the census visit the U.S. Census Bureau for additional information. Estimates in this series are in thousands of persons.
Link to Las Vegas MSA resident population.
Gross domestic product (GDP) by metropolitan area is the measure of the market value of all final goods and services produced within a metropolitan area in a particular period of time. In concept, an industry’s GDP by metropolitan area, referred to as its “value added”, is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). GDP by metropolitan area is the metropolitan area counterpart of the nation’s, BEA’s featured measure of U.S. production.
The All industry total includes all Private industries and Government.
For more information about this release visit the Bureau of Economic Analysis.
Link to Las Vegas MSA GDP data.
Estimation of Median Incomes. The Census Bureau has changed the methodology for computing median income over time. The Census Bureau has computed medians using either Pareto interpolation or linear interpolation. Currently, we are using linear interpolation to estimate all medians. Pareto interpolation assumes a decreasing density of population within an income interval, whereas linear interpolation assumes a constant density of population within an income interval. The Census Bureau calculated estimates of median income and associated standard errors for 1979 through 1987 using Pareto interpolation if the estimate was larger than $20,000 for people or $40,000 for families and households. This is because the width of the income interval containing the estimate is greater than $2,500.
Link to Las Vegas MSA Household Income.
House Price Index (HPI) is a measurement tool of the movement of single-family home prices. It is published by the U.S. Federal Housing Finance Agency (FHFA). this data shows indexed housing prices for the Las Vegas MSA is indexed so 1995:Q1=100 and is estimated using sales prices and appraisal data.
Link to Las Vegas MSA Housing Price Index.