Nevada Economy in Brief

January 2022

Research & Analysis Bureau

March 22, 2022

Executive Summary

Employment

  • The total employment level in the state is 1,425,400.
  • Nevada added back 2,800 jobs over the month but is up by 132,900 since January 2021, an annual increase of 10.3%.
  • Las Vegas employment increased by 2,400 jobs (0.2%) since December 2021 and saw an increase of 119,800 jobs (13.1%) since January 2021.
  • Reno employment had a increase of 1,300 jobs (0.5%) since December 2021 and saw an increase of 9,700 jobs (4.0%) since January 2021.
  • Carson City employment remained unchanged from December 2021 and saw an increase of 900 jobs (3.0%) since August 2020.
  • The state has the highest over-the-year employment growth rate ranking in the U.S.

Unemployment

  • The state’s unemployment rate in January is 5.2 percent, down 0.1 percentage point from December 2021 and down five percentage points when compared to January 2021.
  • The unemployment rates were 5.9 percent in the Las Vegas metro area, 3.2 percent in Reno, and 3.5 percent in the Carson area in April 2021.
  • The state has the highest unemployment rate ranking in the U.S.(update on 3/14)
  • In Nevada’s counties, the lowest unemployment rate was in Eureka County at 1.9 percent, and Clark County had the highest rate at 8.2 percent.
  • As of January 2022, veterans in Nevada have an unemployment rate of 7.8% (expressed as a 12-month moving average).
  • As of January 2022, people with disabilities in the Silver State have an unemployment rate of 14.7% (expressed as a 12-month moving average).
  • Every counties’ unemployment rates declined significantly over the year with Clark County leading the way, down 3.9 percent.

Unemployment Insurance

  • In January, 12,608 initial claims for unemployment insurance were filed in Nevada, a decrease of 1,076 claims, or roughly ten percent, from December 2021 when there were 10,762 claims.
  • The number of regular program weeks claimed and compensated decreased from December 2021, resulting in $25.7 million in benefit payments, an decrease of 13.2 percent from the previous month.
  • Nevada’s Unemployment Insurance Trust Fund balance stood at $326,368,000 as of January 29, 2022. This compares to January 2021 when the balance was -$135,000,000

Visitor Volumes/Taxable Sales/Gaming Win

  • The Reno area received 255,972 visitors in January 2022.
  • The Las Vegas area received 2,474,800 visitors in January 2022.
  • Gaming win in Nevada was $1,078,761,266 in January 2022.
  • Taxable sales in Nevada were $7,736,265,432 in December 2021.

Current Employment Overview

In January 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 1,425,400 is roughly 98.3 percent of its February 2020 peak level. The state has recovered 320,300 jobs or roughly 93 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 24,200 jobs below its February 2020 level. Nevada added 2,800 unadjusted jobs over the month in January, quite a bit lower than monthly average in 2021 of 10,980.

Seasonally Adjusted Recent Peak v Current Employment Levels

Jan-22 Value Recent Peak Peak Date Peak-Current % Recovered Recent High
Total nonfarm 1,434.1 1,449.6 Feb-20 -15.5 98.9% 1,434.1
Mining and logging 14.8 15.2 Nov-20 -0.4 97.4% 14.8
Construction 98.1 99.6 Jan-20 -1.5 98.5% 98.1
Manufacturing 63.5 62.4 Oct-21 1.1 101.8% 63.5
Durable goods 42.2 41.9 Oct-21 0.3 100.7% 42.2
Nondurable goods 21.3 20.7 NA 0.6 102.9% 21.3
Trade, transportation, and utilities 288.7 282.9 Oct-21 5.8 102.1% 288.7
Wholesale Trade 38.6 38.9 Nov-19 -0.3 99.2% 38.7
Retail trade 153.0 151.1 Oct-21 1.9 101.3% 153.0
Transportation, Warehousing, and Utilities 97.1 93.3 Nov-21 3.8 104.1% 97.1
Information 15.7 16.3 May-18 -0.6 96.3% 15.7
Financial activities 73.6 71.3 Oct-21 2.3 103.2% 73.6
Finance and insurance 44.0 42.7 NA 1.3 103.0% 44.0
Real estate and rental and leasing 29.6 30.1 Nov-19 -0.5 98.3% 29.9
Professional and business services 198.9 203.3 Dec-19 -4.4 97.8% 200.2
Professional and technical services 67.2 65.5 Nov-21 1.7 102.6% 67.2
Management of companies and enterprises 27.5 28.2 Dec-19 -0.7 97.5% 27.5
Administrative and waste services 104.2 111.7 Dec-19 -7.5 93.3% 106.3
Education and health services 152.1 153.5 Oct-21 -1.4 99.1% 153.1
Educational services 13.8 14.0 Oct-21 -0.2 98.6% 13.9
Health care and social assistance 138.3 139.5 Oct-21 -1.2 99.1% 139.2
Leisure and hospitality 327.7 361.7 Feb-20 -34.0 90.6% 327.7
Arts, entertainment, and recreation 34.2 35.9 Jan-20 -1.7 95.3% 34.2
Accommodation and food services 293.5 327.3 NA -33.8 89.7% 293.5
Accommodation and food services 293.5 327.3 Mar-19 -33.8 89.7% 293.5
Other services 39.6 43.4 Feb-20 -3.8 91.2% 39.6
Government 161.4 167.9 Mar-20 -6.5 96.1% 161.4
Federal 21.3 23.0 Aug-20 -1.7 92.6% 21.3
State government 38.9 42.6 Aug-17 -3.7 91.3% 38.9
Local government 101.2 106.4 Mar-20 -5.2 95.1% 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

According to the BLS, Nonfarm payroll employment increased in 39 states and the District of Columbia in January 2022 as compared to December 2021. The largest gains over the month were in Calfornia (+53,600) with New York (+36,800) and Texas (+29,000) coming in second and third respectively. On a percentage basis, the largest monthly gains were realized in Kansas (.62%), Maine (.56%), and Idaho (.5%). The states that lost the most employment were Maryland (-8,100), Virginia (-4,900), and West Virginia (-2,100). On a percentage basis, the largest decreases were realized in West Virginia (-.3%), Maryland (-.3%), and Rhode Island (-.27%).

The largest year over year job gains occurred in California (+1,120,000), Texas (+687,500), and Florida (+504,000). The largest percentage increase occurred in Nevada (+10.3 percent), followed by Hawaii (+7.51 percent) and California (+7.35 percent each). The lowest increases were in Alaska (+7,100) followed by Delaware (+7,600) and South Dakota (+8,100). In terms of percentage increase, the lowest were Nebraska (+1.09%) followed by Kansas (+1.25%) and Wisconsin (+1.48%)

Current Unemployment Overview

The state’s January 2022 unemployment rate, 5.2 percent, decreased by 0.1 percentage point from December’s revised level of while the national rate declined by 0.1 percentage point, leaving the gap between Nevada and the United States at 2.5 percentage points. Over the year, the state’s unemployment rate decreased by 5.5 percentage points which was tied with Hawaii for the highest annual decrease. The state’s unemployment rate has dropped 21.8 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 January 2022, Las Vegas, the state’s largest population center, has an unemployment rate of 5.9 percent, Las Vegas’ unemployment rate decreased from 6.0 percent in December 2021, which is dramatically lower than its sky-high 33.3 percent jobless rate in April 2020.

Unemployment rates were lower in January in 14 states and the District of Columbia and stable in 36 states, the U.S. Bureau of Labor Statistics reported. Every state and the District had jobless rate decrease from a year earlier with an average decrease of 1.9 percentage points. The national unemployment rate, 4.0 percent, was up 0.1 percetntage point over the month, but was 2.2 percentage points lower than in January 2021.

Unemployment History and Rankings

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

Ranking State Unemployment Rates, January 2022

Housing Index

The Housing Price Index, or HPI, represents the relative movement of housing prices while using the 1st quarter of 1980 as a baseline. The rate of growth for the HPI remains relatively stable until the 2000s where we begin to see prices take off before ultimately plummeting during the Great Recession. This is true for both the nation as a whole, and for Nevada and it’s MSAs (Metropolitan Statistical Areas). However, it can be observed that Nevada actually exceeded the national index in the period leading up to the recession, before dipping significantly below it in the aftermath. Now, both the U.S, and Nevada are seeing significant increases in housing prices, likely due to the COVID-19 pandemic and the state appears as though it may once again match or exceed the nation.

At the MSA level (which is indexed to the 1st quarter of 1995), perhaps the notable trend is the descent of the HPI for the Las Vegas MSA. The area saw the worst of the Great Recession and has consistently stayed below the other MSAs with the Reno area now leading the pack. Outside of that, the MSAs mostly just mirror the state as a whole.

Rent CPI and Mortgage Debt Service Payment as a Percent of Income for the United States

CPI, or the consumer price index, is an index that reflects changes in price for property rentals in the U.S. over time, adjusting for inflation. Here, it can be observed that rent has climbed steadily since the 1980s and has not shown much, if any, sign that it will stop. In fact, it is currently at it’s all time peak of 354.53. Even during the Great Recession, there was little more than a plateau in growth for the U.S. Rent CPI. This reflects continually rising rent costs and decreases in rental affordability.

On the flip side, in the case of Mortgage Debt Service Payment as a Percent of Income there is a clear trend of decline since the notoriously high mortgage rates of the Great Recession. There is also a clear dip in recent years, likely caused by The Fed decreasing interest rates during the beginning stages of the COVID-19 pandemic. In fact, it was in January of 2021 that this value saw it’s all time low of 3.5 percent.

Listing Price

The median listing price for a home in both Nevada and the U.S. as a whole can be seen mostly mirroring each other, with the U.S. consistently trending below the state. This persists until 2021, where median listing price in Nevada begins to soar high above the figure for the nation. This is likely due to an influx of out-of-state buyers who are driving up demand and making higher offers on homes. Currently, Nevada is at a peak median listing price of $459,495, with the U.S. having peaked at $385,000 in June and July of 2021.

Homeownership Rate

Home ownership rate is the rate of homes that are owner occupied. It can be observed that Nevada has consistently trended below the United States on this metric since 1984 (when home ownership rate for the state first started being published).This indicates that the proportion of homes that are occupied by the owner of the home is significantly lower in Nevada than it is nationwide. However, Nevada has been seeing a rate of increase in this since around 2015.

Vacancy Rate

Vacancy rate refers to the proportion of rental inventory that is vacant for rent. Nevada shows a trend of mostly staying above the national level. Particularly, from 1998 to 2015 there was only a 3 year stretch where Nevada’s vacancy rate was not higher than that of the U.S. rate. Some very large spikes can be observed in the state, with peaks being seen in 2002 at a rate of 13.6 percent and in 2009 (coinciding with the Great Recession) at 14.2 percent. Since 2016, however, the state has seen a significant decline in vacancy rate with a level of 5.2 percent as of 2020.

Housing Size

Housing size is simply the median square footing for a home. For this metric, the U.S. and Nevada mostly follow the same trends with notable exceptions occurring near the years 2019 and 2021. The peak for Nevada was a median of 2038 square feet in 2017. The low of 1,742.5 square feet was hit in February of 2021. Interestingly, Nevada is on a sharp upward trend since hitting that low, albeit still not close to the pre-pandemic level that was previously observed.

At the MSA (Metropolitan Statistical Area) level, the Reno MSA has consistently been above both the other MSAs and the state value. However, it has also decreased significantly since the start of the COVID-19 pandemic and has settled at a level that is much nearer to that of the statewide. The low for the Reno MSA was a median of 1,835 square feet, which was reached in May of 2021. The peak for the Reno MSA was 2,427 square feet and was achieved in December of 2017. Trends in the Carson City MSA can be observed fluctuating rapidly, with a drastic descent beginning in late 2019 that carried into early 2020 where the area hit it’s low of 1,576 square feet. However, at it’s peak of 2,116 square feet (which was achieved in October of 2016), the Carson City MSA was significantly above the state level and was near to that of the Reno MSA. The Las Vegas MSA very closely matches the movement of the state as a whole, which is logical as that is the most populated MSA in the state by a considerable margin.

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
January 2022 Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 1,427,800 5,200 135,300 10.5% 1,449,600 100.0%
Super Sectors
Mining and logging 14,700 0 −300 −2.0% 15,800 1.0%
Construction 97,400 2,100 3,300 3.5% 146,400 6.8%
Manufacturing 63,200 500 5,000 8.6% 63,200 4.4%
Trade, transportation, and utilities 285,700 1,800 16,800 6.2% 285,700 20.0%
Information 15,700 0 2,000 14.6% 21,400 1.1%
Financial activities 73,600 1,800 5,400 7.9% 73,600 5.2%
Professional and business services 200,200 −1,500 21,900 12.3% 203,300 14.0%
Education and health services 153,100 −300 6,500 4.4% 153,500 10.7%
Leisure and hospitality 324,300 −200 69,600 27.3% 361,700 22.7%
Other services 39,500 600 1,700 4.5% 43,400 2.8%
Government 160,400 400 3,400 2.2% 167,900 11.2%
Nevada Non-Seasonally Adjusted CES Sector Summary
January 2022 Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 1,412,000 −19,800 138,400 10.9% 1,454,500 100.0%
Super Sectors
Mining and logging 14,300 −100 −500 −3.4% 16,100 1.0%
Construction 94,100 400 2,600 2.8% 148,800 6.7%
Manufacturing 62,900 0 5,000 8.6% 62,900 4.5%
Trade, transportation, and utilities 286,200 −8,400 18,200 6.8% 294,600 20.3%
Information 15,600 −100 2,200 16.4% 21,500 1.1%
Financial activities 73,300 1,600 5,500 8.1% 73,300 5.2%
Professional and business services 200,600 −1,800 22,600 12.7% 205,200 14.2%
Education and health services 153,500 500 7,300 5.0% 153,600 10.9%
Leisure and hospitality 315,100 −6,600 71,000 29.1% 360,400 22.3%
Other services 38,400 300 1,600 4.3% 42,700 2.7%
Government 158,000 −5,600 2,900 1.9% 171,000 11.2%

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
January 2022 Monthly Change Annual Change Annual Growth Rate Series Maximum Percent of Employment
Total nonfarm 1,023,300 −15,500 121,700 13.5% 1,063,400 100.0%
Super Sectors
Mining and logging 400 0 0 0.0% 700 0.0%
Construction 67,400 500 1,700 2.6% 112,000 6.6%
Manufacturing 26,500 −100 2,100 8.6% 27,700 2.6%
Trade, transportation, and utilities 204,100 −6,800 15,500 8.2% 210,900 19.9%
Information 11,500 −100 2,000 21.1% 15,700 1.1%
Financial activities 56,900 1,100 4,600 8.8% 56,900 5.6%
Professional and business services 154,000 −700 21,100 15.9% 158,000 15.0%
Education and health services 112,700 600 7,000 6.6% 112,700 11.0%
Leisure and hospitality 259,400 −6,600 63,800 32.6% 297,300 25.3%
Other services 28,400 200 1,800 6.8% 32,900 2.8%
Government 102,000 −3,600 2,100 2.1% 111,200 10.0%

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 249,000 −4,600 11,500 4.8% 254,300 100.0%
Super Sectors
Mining and logging 300 0 0 0.0% 1,400 0.1%
Construction 19,000 −400 800 4.4% 25,500 7.6%
Manufacturing 29,100 100 3,400 13.2% 29,100 11.7%
Trade, transportation, and utilities 57,300 −1,600 2,000 3.6% 58,900 23.0%
Information 3,000 0 100 3.4% 3,800 1.2%
Financial activities 11,300 100 300 2.7% 11,400 4.5%
Professional and business services 32,000 −600 400 1.3% 34,700 12.9%
Education and health services 27,900 −100 −400 −1.4% 28,700 11.2%
Leisure and hospitality 34,400 −200 4,900 16.6% 44,500 13.8%
Other services 6,400 0 −200 −3.0% 7,400 2.6%
Government 28,300 −1,900 200 0.7% 32,000 11.4%

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 30,800 −500 800 2.7% 33,600 100.0%
Super Sectors
Manufacturing 2,600 0 100 4.0% 4,200 8.4%
Trade, transportation, and utilities 4,900 −200 400 8.9% 5,300 15.9%
Professional and business services 2,600 −100 200 8.3% 2,700 8.4%
Leisure and hospitality 3,500 −100 400 12.9% 4,500 11.4%
Government 8,700 −100 −500 −5.4% 10,900 28.2%

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 January 2022 the unemployment rate for women was 6.8 percent compared to the rate for men which was 5.9 percent.

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

In January 2022 the unemployment rates for hispanics, blacks, and whites were 6 percent, 16 percent, and 5 percent respectively.

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

The unemployment rates by different age groups in January 2022 were 3.6 percent for 16-24 year-olds, 3.3 percent for 25-34 year-olds, 2.7 percent for 35-44 year-olds, 6 percent for 44-54 year-olds, and 6.5 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 2,474,800 visitors in 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 255,972 visitors in 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 $7,736,265,432 in December 2021. 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 $1,078,761,266 in January 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 −7.3% −7.9% −9.0% −10.6% −12.0% −12.7% −12.5% −11.4% −10.1% −9.1% −8.6% −8.3%
2012 −7.8% −6.8% −5.0% −2.2% 1.0% 3.8% 6.2% 7.9% 9.5% 11.4% 13.6% 16.3%
2013 19.5% 22.4% 24.7% 26.1% 27.0% 27.2% 27.1% 27.0% 26.8% 26.4% 25.7% 24.6%
2014 22.6% 20.4% 18.2% 16.0% 14.2% 13.1% 12.5% 11.7% 10.9% 10.1% 9.6% 9.4%
2015 9.3% 9.1% 8.9% 9.2% 9.6% 9.7% 9.6% 9.6% 9.9% 10.2% 10.3% 10.1%
2016 10.0% 10.0% 10.1% 9.8% 9.3% 8.7% 8.6% 8.7% 8.4% 8.1% 8.0% 8.1%
2017 8.2% 8.4% 8.5% 8.6% 9.0% 9.7% 10.2% 10.6% 11.0% 11.6% 12.3% 12.8%
2018 12.9% 13.2% 13.9% 14.6% 15.0% 14.9% 14.3% 13.6% 13.2% 12.4% 11.2% 10.2%
2019 9.5% 8.8% 7.6% 6.4% 5.4% 4.7% 4.1% 3.7% 3.3% 3.0% 3.2% 3.6%
2020 4.2% 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% 19.3% 21.7% 23.3% 24.4% 25.0% 25.3% 25.1% 25.0%
2022 25.1% NA 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, Jason Gortari, Jordan Ambrose, Dionny McDonnell, Idalia Valdez-Parra, 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↩︎