Below are summary charts for various data sources in the Nevada area. For more information on the data source, and for more data from that source select from the tabs below.
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.
In the Quarterly Census of Employment and Wages (QCEW) program, the Research and Analysis Bureau collects and compiles employment and wage data for workers covered by Nevada unemployment insurance laws, and federal civilian workers covered by Unemployment Compensation for Federal Employees. The QCEW staff arranges the data by type of industry according to the North American Industry Classification System (NAICS). They assign each employing unit a NAICS code and location code. After screening the quarterly data, they transmit it to the Bureau of Labor Statistics (BLS).
Employment data for QCEW are the number of covered workers who worked or received pay during the period that included the 12th day of the month.
In Nevada employment is currently at 1,550,621 jobs in 2024 Q2 a decrease of 3,860 jobs from a maximum of 1,554,481 jobs in 2023 Q4.
Since the previous quarter the area has grown by 17,442 jobs (1.1%).
Since the previous year the area has increased by 35,267 jobs (2.3%).
Quarterly average weekly wage values are calculated by dividing quarterly total wages by the average of the three monthly employment levels (all employees, as described above) and dividing the result by thirteen. Annual average weekly wage values are calculated by dividing total annual wages by the average of the twelve monthly employment levels and dividing the result by fifty-two. These calculations are made from unrounded employment and wage values, so the average wage values that can be calculated from data from this database may differ from the averages reported due to rounding.
In Nevada average weekly wages are currently at $1,245 in 2024 Q2 a decrease of $60 from a maximum wage of $1,305 in 2024 Q1.
Since the previous quarter the area has declined by $60 (-4.6%).
Since the previous year the area has increased by $56 (4.7%).
Reported number of establishments represents the number of establishments whose activities were reported to the Unemployment Insurance system for the quarter. An establishment is an economic unit, such as a farm, mine, factory, or store, which produces goods or provides services. It is typically at a single physical location and engaged in one, or predominantly one, type of economic activity for which a single industrial classification may be applied. Reported annual average number of establishments is an average of the corresponding quarterly number of establishment levels.
There are currently 108,616 establishments in Nevada during 2024 Q2 a decrease of 2,070 establishments from a maximum of 110,686 in 2024 Q1.
Since the previous quarter the area has declined by 2,070 establishments (-1.9%).
Since the previous year the area has increased by 1,354 establishments (1.3%).
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.
Nevada’s unemployment rate was 5.5 percent in October 2024, unchanged from 5.5 percent in September 2024, and up from 5.2 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 increased by 218 since September 2024 for a current level of 90,198 people, which is 6,711 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 Nevada is currently 1,627,491 people, which is 2,804 more people than September 2024, and is up 13,528 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 2,586 since September 2024 for a current level of 1,537,293 people, which is 6,817 more employed people than October 2023.
| Nevada QCEW Summary | ||||||||
| Variable | Date | Current | Previous Month | +/- Month | % Month | Previous Year | +/- Year | % Year |
|---|---|---|---|---|---|---|---|---|
| Establishments | 2024 Q2 | 108,616 | 110,686 | -2,070 | -1.9% | 107,262 | 1,354 | 1.3% |
| Average Employment | 2024 Q2 | 1,550,621 | 1,533,179 | 17,442 | 1.1% | 1,515,354 | 35,267 | 2.3% |
| Average Weekly Wage | 2024 Q2 | $1,245 | $1,305 | -$60 | -4.6% | $1,189 | $56 | 4.7% |
| Nevada Non-Seasonally Adjusted LAUS Summary | ||||
| As of October 2024 | ||||
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
|---|---|---|---|---|
| Current | 1,627,491 | 90,198 | 1,537,293 | 5.5 |
| Change Previous Month | 2,804 | 218 | 2,586 | 0.0 |
| Change Previous Year | 13,528 | 6,711 | 6,817 | 0.3 |
| Maximum | 1,627,749 | 441,535 | 1,538,486 | 30.2 |
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 Nevada. 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 two 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 Nevada gaming win is currently at $1,312,902,449 in September 2024 a decrease of $119,730,868 from a maximum of $1,432,633,317 in December 2023.
Since the previous month the area has grown by $149,163,214 (12.8%).
Since the previous year the area has increased by $42,304,234 (3.3%).
Taxable sales are provided by the State of Nevada Department of Taxation.
In Nevada, taxable sales are currently at $7,368,603,674 as of July 2024. This represents a decrease of $1,046,776,164 from a maximum of $8,415,379,838 in December 2023.
Compared to the previous month taxable sales in the area have decreased by $244,526,337 (-3.2%).
Compared to the previous year taxable sales in the area have decreased by $123,657,966 (-1.7%).
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 Nevada 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 Nevada 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 Nevada 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 Nevada is indexed so 1995:Q1=100 and is estimated using sales prices and appraisal data.
Link to Nevada Housing Price Index.
The U.S. Census Bureau provides annual estimates of income and poverty statistics for all school districts, counties, and states through the Small Area Income and Poverty Estimates (SAIPE) program. The bureau’s main objective with this program is to provide estimates of income and poverty for the administration of federal programs and the allocation of federal funds to local jurisdictions. In addition to these federal programs, state and local programs use the income and poverty estimates for distributing funds and managing programs.
Estimates of poverty by ages and families are not direct counts from enumerations or administrative records, nor direct estimates from sample surveys. Instead, for counties and states, the Census models income and poverty estimates by combining survey data with population estimates and administrative records.
Link to Nevada Estimated Percent of People of All Ages in Poverty for Nevada.