Executive Summary
Employment
- The total employment level in the state is 1,463,400.
- Nevada added back 9,300 jobs over the month but is up by 80,000 since July 2021, an annual increase of 5.8%.
- Las Vegas employment increased by 5,100 jobs (0.5%) since July 2022 and saw an increase of 54,500 jobs (5.1%) since July 2021.
- Reno employment had a increase of 1,100 jobs (0.4%) since June 2022 and saw an increase of 10,100 jobs (4.1%) since July 2021.
- Carson City employment remained unchanged since June 2022 and saw an increase of 1,000 jobs (3.3%) since July 2021.
- The state is tied with Texas for the highest over-the-year employment growth rate ranking in the U.S. at 5.8 percent.
Unemployment
- The state’s unemployment rate in June is 4.4 percent, down 0.3 percentage point from June 2022 and down 3.0 percentage points when compared to July 2021.
- The unemployment rates were 5.6 percent in the Las Vegas metro area, 3.2 percent in Reno, and 3.6 percent in the Carson area in July 2022.
- The state has the sixth highest unemployment rate ranking in the U.S with District of Columbia and Alaska leading the way at 5.2 percent and 4.5 percent respectively.
- In Nevada’s counties, the lowest unemployment rate was in White Pine County and Eureka at 2.9 percent, and Clark County had the highest rate at 5.6 percent.
- All but two counties’ unemployment rates declined significantly over the year with Clark County leading the way, down 2.8 percent.
- As of July 2022, veterans in Nevada have an unemployment rate of 4.9 percent (expressed as a 12-month moving average).
- As of July 2022, the unemployment rate for people with disabilities in the Silver State is 12.3 percent (expressed as a 12-month moving average).
Unemployment Insurance
- In July, 9,804 initial claims for unemployment insurance were filed in Nevada, an increase of 1,315 claims, or 15.5 percent, from June when there were 8,489 claims.
- The number of regular program weeks claimed and compensated increased from June, resulting in $17.5 million in benefit payments, an increase of 23.5 percent from the previous month.
- Nevada’s Unemployment Insurance Trust Fund balance stood at 663,215,607 as of July 31, 2022. This compares to April 2021 when the balance was -$298,027,351.
Visitor Volumes/Taxable Sales/Gaming Win
- The Reno area received 484,086 visitors in July 2022.
- The Las Vegas area received 3,912,800 visitors in July 2022.
- Gaming win in Nevada was $1,315,987,732 in July 2022.
- Taxable sales in Nevada were $7,443,128,057 in June 2022.
Current Employment Overview
As of July 2022, The state’s current employment level of 1,463,400. This is 13,800 abve the previous peak level of 1,449,600 realized in February 2020. The state has recovered 358,300 jobs since reaching the low point of 1,105,100 jobs in May 2020. In each of the last 26 months, the state added jobs compared to the prior month, with the average monthly increase being 13,780. Five of nine the major industry categories or supersectors have exceeded their February 2020 levels with Trade, Transportation, and Utilities realizing the largest gain at 26,500 jobs.
Seasonally Adjusted Recent Peak v Current Employment Levels
| Jul-22 | Value | Recent Peak | Peak Date | Peak-Current | % Recovered | Recent High |
|---|---|---|---|---|---|---|
| Total nonfarm | 1,460.8 | 1,449.6 | Feb-20 | 11.2 | 100.8% | 1,463.4 |
| Mining and logging | 14.6 | 15.2 | Nov-20 | -0.6 | 96.1% | 14.6 |
| Construction | 103.1 | 100.3 | May-22 | 2.8 | 102.8% | 103.1 |
| Manufacturing | 66.8 | 64.9 | May-22 | 1.9 | 102.9% | 66.8 |
| Durable goods | 45.1 | 43.3 | May-22 | 1.8 | 104.2% | 45.1 |
| Nondurable goods | 21.7 | 21.6 | NA | 0.1 | 100.5% | 21.8 |
| Trade, transportation, and utilities | 294.4 | 290.8 | May-22 | 3.6 | 101.2% | 294.4 |
| Wholesale Trade | 38.9 | 39.4 | NA | -0.5 | 98.7% | 38.9 |
| Retail trade | 155.4 | 155.3 | Apr-22 | 0.1 | 100.1% | 155.4 |
| Transportation, Warehousing, and Utilities | 100.1 | 96.6 | Feb-22 | 3.5 | 103.6% | 100.1 |
| Information | 15.7 | 16.3 | May-18 | -0.6 | 96.3% | 15.7 |
| Financial activities | 74.1 | 73.6 | Jan-22 | 0.5 | 100.7% | 74.1 |
| Finance and insurance | 44.0 | 44.1 | NA | -0.1 | 99.8% | 44.0 |
| Real estate and rental and leasing | 30.1 | 30.1 | Nov-19 | 0.0 | 100.0% | 30.3 |
| Professional and business services | 205.0 | 206.2 | Apr-22 | -1.2 | 99.4% | 206.9 |
| Professional and technical services | 70.2 | 68.7 | May-22 | 1.5 | 102.2% | 70.2 |
| Management of companies and enterprises | 28.1 | 28.2 | Dec-19 | -0.1 | 99.6% | 28.2 |
| Administrative and waste services | 106.7 | 111.7 | Dec-19 | -5.0 | 95.5% | 108.6 |
| Education and health services | 156.1 | 153.5 | Oct-21 | 2.6 | 101.7% | 156.1 |
| Educational services | 14.4 | 14.0 | Oct-21 | 0.4 | 102.9% | 14.4 |
| Educational services | 14.4 | 14.0 | NA | 0.4 | 102.9% | 14.4 |
| Health care and social assistance | 141.7 | 139.5 | Oct-21 | 2.2 | 101.6% | 141.7 |
| Leisure and hospitality | 328.7 | 361.7 | Feb-20 | -33.0 | 90.9% | 333.9 |
| Arts, entertainment, and recreation | 34.3 | 35.9 | Jan-20 | -1.6 | 95.5% | 34.3 |
| Accommodation and food services | 294.4 | 327.3 | NA | -32.9 | 89.9% | 300.0 |
| Accommodation and food services | 294.4 | 327.3 | Mar-19 | -32.9 | 89.9% | 300.0 |
| Other services | 39.2 | 43.4 | Feb-20 | -4.2 | 90.3% | 39.2 |
| Government | 163.1 | 167.9 | Mar-20 | -4.8 | 97.1% | 163.1 |
| Federal | 21.2 | 23.0 | Aug-20 | -1.8 | 92.2% | 21.2 |
| State government | 38.8 | 42.6 | Aug-17 | -3.8 | 91.1% | 39.2 |
| Local government | 103.1 | 106.4 | Mar-20 | -3.3 | 96.9% | 103.1 |
| 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 July 2022 unemployment rate decreased by 0.3 percentage point from June’s revised level. The national rate was down 0.1 percentage point over this time, leaving the gap between Nevada and the United States at 0.9 percentage points. The state’s unemployment rate has dropped 24.1 percent since April 2020. In February 2020, the month before the virus outbreak, the Las Vegas MSA’s jobless rate was just 3.5 percent.
Las Vegas’ share of unemployed workers remained relatively high despite a notable bump in tourism according to the Las Vegas Convention and Visitor’s Authority. Las Vegas’ unemployment rate decreased by 0.1 percentage points from June 2022, but was still dramatically lower than its sky-high 31.1 percent jobless rate in April 2020.
Unemployment rates were lower over the month in July in 28 states and the District of Columbia, stable in 15 states, and increased in 8 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 1.6 percentage points.
Unemployment History and Rankings
According to the BLS, Nonfarm payroll employment increased in 41 states and the District of Columbia, and decreased in 9 states in July 2022. The largest job gains occurred in California (+84,800), Florida (+73,800), and Texas (+72,800). The largest percentage increase occurred in Hawaii (+1.3 percent), followed by Missouri (0.9 percent) and Arkansas (0.9 percent) . Employment decreased in Tennessee (-12,400, or -0.4 percent) and Kentucky (-11,400, or -0.6 percent).
On an annual basis, the greatest employment increased were realized in California (+740,000), Texas (+736,700), and Florida (+437,800). On a percentage basis, the greatest increases were in Texas (5.8 percent), Nevada (5.7 percent), and Florida (4.9 percent).
Business Formation
The Business Formation Statistics
Prepared by: Dionny McDonnell, Economist
The Business Formation Statistics (BFS) are a standard data produced by the U.S. Census Bureau developed in research collaboration with economists affiliated with Board of Governors of the Federal Reserve System, Federal Reserve Bank of Atlanta, University of Maryland, and University of Notre Dame. BFS provide information data comes from the Internal Revenue Service (IRS) on Employer Identification Number (EIN) on new business applications and formations in the United States.
The Business application series describe the business applications for tax IDs as indicated by applications for an EIN through filings of the IRS Form SS-4. The Business Formation Series describe employer business formations as indicated by the first instance of payroll tax liabilities for the corresponding business applications. BFS currently cover the period starting from July 2004 onfoward at a monthly frequency. The data are available nationally, regionally, and by state.
The formation series are updated annually to revise information on business formations (firm births) from the Business Dynamic Statistics (BDS) program. Also, seasonal factors are recomputed and applied during the annual update,resulting in revisions to the seasonally adjusted series.
Because of strong seasonality detected in most of the business application and formation series, the U.S. Census provides all series with seasonal adjustment. The data is seasonally adjusted at the state level and summed to create seasonally adjusted United States total and regional data. Seasonal adjustment is performed using the X-13ARIMA_SEATS seasonal adjustment program of the US Census Bureau. The statistics are based on administrative data and therefore are not subject to sampling error. The statistics are also subject to non-sampling error. Non-sampling error occurs because accurate information cannot always be obtained. There are many potential contributors to non-sampling error, like misreporting, mistakes in recording and coding responses, misinterpretation of questions, and other errors of collections, response, coverage, or processing. The Census Bureau uses quality control procedures throughout the process to minimize the non-sampling error.This section examines business applications in Nevada during the period 2005 through 2021.
In 2005, business applications adjusted for seasonal variation, were 43,656 in Nevada. In 2010 business application declined to 36,111, a decline of three percent compared to 2009. This is explained in part by the 2007 recession negative effects in the economy.
Business applications for 2020, adjusted for seasonal variation, were 51,639, an increase of 22 percent compared to 2019. The over the year growth rate is close to double the rate in previous years. A working paper from John Haltiwanger, economist at the National Bureau of Economic Research, June 2021, indicates an unexpected economic result from the COVID-19 pandemic recession: “a huge surge in applications for new businesses”. “The large increase in applications is for both likely new employers and nonemployers”.
According to Haltiwanger, the surge in new business applications has been uneven across sectors.Dominant industries include nonstore retail (alone accounting for 33% of the surge), professional, scientific and technical services, truck transportation, and accommodation and food services. Given that existing small businesses in retail trade and accommodation and food services have suffered especially large declines in the pandemic, these patterns are consistent with restructuring induced by the pandemic.
In the Silver State, business applications for 2021, were 67,568, an increase of 31 percent compared to 2020. This growth rate is the highest in record. See Figure 1 below.
According to the Current Employment Survey (CES), seasonally adjusted, in February 2020 accommodation and food services employment in Nevada stood at 325,800 representing 22.5 percent of total nonfarm employment (1,449,600). In December 2020, employment in this industry declined to 226,100, representing 17.5 percent of total employment (1,290,800).
In December 2021, employment accommodation and food services rose to 291,000 representing 20.5 percent of total employment (1,422,600).
The Business Formation Statistics (BFS) also provides data at the county level.
Clark County: In 2005 business applications, adjusted for seasonal variation, were 33,336 in Clark County. In 2010 business application stood at 28,071, a decline of four percent compared to 2009. Business applications for 2021, were 55,319, an increase of 30 percent compared to 2020. This growth rate is the highest in record since 2005.
Washoe County: In 2005 business applications, adjusted for seasonal variation, were 4,699 in Washoe County. In 2010 business application declined to 3,923. Business applications for 2021, were 8,221, an increase of 36 percent compared to 2020. This growth rate is the highest in record since 2005.
Carson City County: In 2005 business applications, adjusted for seasonal variation, were 2,664 in Washoe County. In 2010 business application declined to 1,908. Business applications for 2021, were 978, an increase of 31 percent compared to 2020. This growth rate is the highest in record since 2005.
| Nevada. Business applications by County 2020-2021 (seasonally adjusted) | |||
| Year | Number | Over-the-year-change | Over-the-year-growth |
|---|---|---|---|
| Nevada | |||
| 2021-01-01 | 67,568 | 15,929 | 31.0% |
| 2020-01-01 | 51,639 | 9,429 | 22.0% |
| Clark County | |||
| 2021-01-01 | 55,319 | 12,752 | 30.0% |
| 2020-01-01 | 42,567 | 8,999 | 27.0% |
| Washoe County | |||
| 2021-01-01 | 8,221 | 2,194 | 36.0% |
| 2020-01-01 | 6,027 | 481 | 9.0% |
| Carson City | |||
| 2021-01-01 | 978 | 234 | 31.0% |
| 2020-01-01 | 744 | 46 | 7.0% |
| Douglas County | |||
| 2021-01-01 | 772 | 119 | 18.0% |
| 2020-01-01 | 653 | −90 | −12.0% |
| Nye County | |||
| 2021-01-01 | 592 | 186 | 46.0% |
| 2020-01-01 | 406 | 1 | 0.0% |
| Lyon County | |||
| 2021-01-01 | 578 | 171 | 42.0% |
| 2020-01-01 | 407 | 55 | 16.0% |
| Elko County | |||
| 2021-01-01 | 478 | 130 | 37.0% |
| 2020-01-01 | 348 | −20 | −5.0% |
| Churchill County | |||
| 2021-01-01 | 207 | 89 | 75.0% |
| 2020-01-01 | 118 | −59 | −33.0% |
| Humboldt County | |||
| 2021-01-01 | 152 | 29 | 24.0% |
| 2020-01-01 | 123 | 17 | 16.0% |
| White Pine County | |||
| 2021-01-01 | 59 | 18 | 44.0% |
| 2020-01-01 | 41 | −2 | −5.0% |
| Lincoln County | |||
| 2020-01-01 | 50 | 26 | 108.0% |
| 2021-01-01 | 39 | −11 | −22.0% |
| Lander County | |||
| 2021-01-01 | 45 | 12 | 36.0% |
| 2020-01-01 | 33 | 11 | 50.0% |
| Storey County | |||
| 2020-01-01 | 40 | −21 | −34.0% |
| 2021-01-01 | 29 | −11 | −28.0% |
| Eureka County | |||
| 2021-01-01 | 39 | 23 | 144.0% |
| 2020-01-01 | 16 | −7 | −30.0% |
| Pershing County | |||
| 2021-01-01 | 36 | 9 | 33.0% |
| 2020-01-01 | 27 | −17 | −39.0% |
| Mineral County | |||
| 2020-01-01 | 22 | −3 | −12.0% |
| 2021-01-01 | 12 | −10 | −45.0% |
| Esmeralda County | |||
| 2020-01-01 | 17 | 12 | 240.0% |
| 2021-01-01 | 12 | −5 | −29.0% |
| Source: Bureau of Labor Statistics, The Business Formation Statistics (BFS) | |||
https://www.census.gov/econ/bfs/pdf/bfs_current.pdf
https://www.census.gov/econ/bfs/index.html?utm_medium=email&utm_source=govdelivery
Industry Representation for Largest Employers (2011 to 2022 First Quarter)
The following lists are derived from taking the top 20 employers statwide for each quarter from 2011 to first quarter of 2022. For the sake of confidentiality, the names and addresses have been omitted. However, the county/area and the industry (at the 3-digit NAICS level) are left. From there, the number of times (occurrences) that an industry shows up in the top 20 is counted as well as the area that it resides.
As expected, Clark County accounted for most of the top employers in both time periods (2011 to 2016 and 2017 to 2022). Accommodations and Educational services were the two industries the most represented. The number of quarters differs (24 as opposed to 21) but the number of distinct industry-area combinations increased from 8 to 15. This would seem to indicate that Nevada is seeing a greater variety of industries.
| Area and Industry Representation in Top 20 | ||
| From 2011 to 2016 | ||
| County | Industry | Number of Times in Top 20 employers (2011 to 2016 |
|---|---|---|
| Clark County | Accommodation | 288 |
| Clark County | Educational Services | 48 |
| Washoe County | Educational Services | 48 |
| Clark County | Executive, Legislative, & Gen Government | 28 |
| Clark County | Hospitals | 25 |
| Clark County | Justice, Public Order, and Safety Activi | 24 |
| Clark County | Air Transportation | 16 |
| Washoe County | Hospitals | 4 |
| Area and Industry Representation in Top 20 | ||
| From 2017 to 2022 | ||
| County | Industry | Number of Times in Top 20 employers |
|---|---|---|
| Clark County | Accommodation | 181 |
| Clark County | Educational Services | 42 |
| Washoe County | Educational Services | 42 |
| Clark County | Executive, Legislative, & Gen Government | 27 |
| Storey County | Electrical Equipment and Appliances | 27 |
| Clark County | Hospitals | 23 |
| Clark County | Justice, Public Order, and Safety Activi | 21 |
| Washoe County | Hospitals | 17 |
| Clark County | Warehousing and Storage | 15 |
| Clark County | Air Transportation | 14 |
| Clark County | Management of Companies and Enterprises | 5 |
| Undefined | Unclassified | 3 |
| Clark County | Rental and Leasing Services | 1 |
| Clark County | Electronics and Appliance Stores | 1 |
| Washoe County | Executive, Legislative, & Gen Government | 1 |
Appendix: Data Tables and Summary Information
Nevada Employment Summary
| Nevada Seasonally Adjusted CES Sector Summary | ||||||
| July 2022 | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
|---|---|---|---|---|---|---|
| Total nonfarm | 1,463,400 | 9,300 | 80,000 | 5.8% | 1,463,400 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 14,600 | −100 | −300 | −2.0% | 15,800 | 1.0% |
| Construction | 103,100 | 1,700 | 4,700 | 4.8% | 146,400 | 7.0% |
| Manufacturing | 66,100 | 500 | 5,100 | 8.4% | 66,800 | 4.5% |
| Trade, transportation, and utilities | 292,600 | −600 | 16,300 | 5.9% | 294,400 | 20.0% |
| Information | 15,700 | 100 | 300 | 1.9% | 21,400 | 1.1% |
| Financial activities | 74,000 | 100 | 2,800 | 3.9% | 74,100 | 5.1% |
| Professional and business services | 206,900 | 700 | 15,600 | 8.2% | 206,900 | 14.1% |
| Education and health services | 155,100 | 400 | 5,200 | 3.5% | 156,100 | 10.6% |
| Leisure and hospitality | 333,900 | 5,300 | 28,200 | 9.2% | 361,700 | 22.8% |
| Other services | 39,000 | 300 | −900 | −2.3% | 43,400 | 2.7% |
| Government | 162,400 | 900 | 3,000 | 1.9% | 167,900 | 11.1% |
| Nevada Non-Seasonally Adjusted CES Sector Summary | ||||||
| July 2022 | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
|---|---|---|---|---|---|---|
| Total nonfarm | 1,457,400 | 2,900 | 75,800 | 5.5% | 1,457,800 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 14,900 | 100 | −100 | −0.7% | 16,100 | 1.0% |
| Construction | 104,200 | 300 | 4,800 | 4.8% | 148,800 | 7.1% |
| Manufacturing | 66,600 | 400 | 5,300 | 8.6% | 67,100 | 4.6% |
| Trade, transportation, and utilities | 289,400 | −1,400 | 14,500 | 5.3% | 294,600 | 19.9% |
| Information | 15,700 | 0 | 400 | 2.6% | 21,500 | 1.1% |
| Financial activities | 74,100 | 200 | 2,900 | 4.1% | 74,300 | 5.1% |
| Professional and business services | 206,300 | 700 | 15,300 | 8.0% | 206,300 | 14.2% |
| Education and health services | 153,700 | −1,000 | 4,700 | 3.2% | 155,500 | 10.5% |
| Leisure and hospitality | 340,100 | 7,000 | 26,500 | 8.5% | 360,400 | 23.3% |
| Other services | 39,400 | 200 | −1,000 | −2.5% | 42,700 | 2.7% |
| Government | 153,000 | −3,600 | 2,500 | 1.7% | 171,000 | 10.5% |
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 Seasonally Adjusted LAUS Summary | ||||
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
|---|---|---|---|---|
| Current | 1,508,783 | 75,559 | 1,433,224 | 5.0 |
| Change Previous Month | 5,573 | 54 | 5,519 | 0.0 |
| Change Previous Year | −8,696 | −54,713 | 46,017 | −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 | 1,537,499 | 76,830 | 1,460,669 | 5.0 |
| Change Previous Month | 10,383 | −1,338 | 11,721 | −0.1 |
| Change Previous Year | 27,446 | −34,264 | 61,710 | −2.4 |
| 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 | ||||||
| July 2022 | Monthly Change | Annual Change | Annual Growth Rate | Series Maximum | Percent of Employment | |
|---|---|---|---|---|---|---|
| Total nonfarm | 1,060,800 | 4,900 | 63,100 | 6.3% | 1,063,400 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 400 | 0 | 0 | 0.0% | 700 | 0.0% |
| Construction | 75,000 | 200 | 4,200 | 5.9% | 112,000 | 7.1% |
| Manufacturing | 28,900 | 200 | 3,300 | 12.9% | 29,300 | 2.7% |
| Trade, transportation, and utilities | 207,200 | −900 | 13,000 | 6.7% | 210,900 | 19.5% |
| Information | 11,500 | 0 | 400 | 3.6% | 15,700 | 1.1% |
| Financial activities | 58,000 | 200 | 3,100 | 5.6% | 58,300 | 5.5% |
| Professional and business services | 158,600 | 800 | 14,300 | 9.9% | 158,700 | 15.0% |
| Education and health services | 112,200 | −900 | 3,100 | 2.8% | 113,400 | 10.6% |
| Leisure and hospitality | 281,200 | 6,400 | 23,800 | 9.2% | 297,300 | 26.5% |
| Other services | 29,200 | 100 | 100 | 0.3% | 32,900 | 2.8% |
| Government | 98,600 | −1,200 | −2,200 | −2.2% | 111,200 | 9.3% |
| Las Vegas Non-Seasonally Adjusted LAUS Summary | ||||
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
|---|---|---|---|---|
| Current | 1,133,617 | 62,987 | 1,070,630 | 5.6 |
| Change Previous Month | 11,327 | −923 | 12,250 | −0.1 |
| Change Previous Year | 23,634 | −29,758 | 53,392 | −2.8 |
| 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 | 257,100 | −900 | 10,000 | 4.0% | 258,000 | 100.0% |
| Super Sectors | ||||||
| Mining and logging | 300 | 0 | 0 | 0.0% | 1,400 | 0.1% |
| Construction | 21,800 | 200 | 1,400 | 6.9% | 25,500 | 8.5% |
| Manufacturing | 30,600 | 200 | 2,900 | 10.5% | 30,600 | 11.9% |
| Trade, transportation, and utilities | 57,500 | −200 | 1,700 | 3.0% | 58,900 | 22.4% |
| Information | 3,000 | 0 | −100 | −3.2% | 3,800 | 1.2% |
| Financial activities | 11,200 | 0 | −200 | −1.8% | 11,400 | 4.4% |
| Professional and business services | 33,800 | 300 | 1,400 | 4.3% | 34,700 | 13.1% |
| Education and health services | 28,500 | 200 | 1,000 | 3.6% | 28,900 | 11.1% |
| Leisure and hospitality | 37,700 | 600 | 2,900 | 8.3% | 44,500 | 14.7% |
| Other services | 6,700 | 100 | −600 | −8.2% | 7,400 | 2.6% |
| Government | 26,000 | −2,300 | −400 | −1.5% | 32,000 | 10.1% |
| Reno Non-Seasonally Adjusted LAUS Summary | ||||
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
|---|---|---|---|---|
| Current | 256,452 | 8,197 | 248,255 | 3.2 |
| Change Previous Month | 331 | −274 | 605 | −0.1 |
| Change Previous Year | 4,459 | −3,186 | 7,645 | −1.3 |
| 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 | 31,600 | −100 | 1,200 | 3.9% | 33,600 | 100.0% |
| Super Sectors | ||||||
| Manufacturing | 2,700 | 0 | 200 | 8.0% | 4,200 | 8.5% |
| Trade, transportation, and utilities | 4,900 | 0 | 200 | 4.3% | 5,300 | 15.5% |
| Professional and business services | 2,700 | 0 | 200 | 8.0% | 2,700 | 8.5% |
| Leisure and hospitality | 3,900 | 0 | 400 | 11.4% | 4,500 | 12.3% |
| Government | 8,600 | −100 | −300 | −3.4% | 10,900 | 27.2% |
| Carson City Non-Seasonally Adjusted LAUS Summary | ||||
| Labor Force | Unemployed Individuals | Employed Individuals | Unemployment Rate | |
|---|---|---|---|---|
| Current | 25,729 | 918 | 24,811 | 3.6 |
| Change Previous Month | 99 | −42 | 141 | −0.1 |
| Change Previous Year | 323 | −322 | 645 | −1.3 |
| Maximum | 26,966 | 4,520 | 25,409 | 19.1 |
County Unemployment Rates
Demographics Data
In July 2022 the unemployment rate for women was 5.8 percent compared to the rate for men which was 5.2 percent.
In July 2022 the unemployment rates for hispanics, blacks, and whites were 2.2 percent, 12.1 percent, and 4.2 percent respectively.
The unemployment rates by different age groups in July 2022 were 42.2 percent for 16-24 year-olds, 2.9 percent for 25-34 year-olds, 7.1 percent for 35-44 year-olds, 3.4 percent for 44-54 year-olds, and 6 percent for 55 and up. A more comprehensive report on unemployment demographics by county can be found on nevadaworkforce.com4.
As of July 2022, veterans in Nevada have an unemployment rate of 4.9% (expressed as a 12-month moving average). This is an increase from 4.4% in June. In April 2020 the veteran unemployment rate was 4.8%. In comparison, the total unemployment rate is 5.4% this month (again, expressed as a 12-month moving average), down from 5.7% in June. 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 July 2022, the unemployment rate for people with disabilities in the Silver State is 12.3 percent, this is down 12.6 percentage points from mid-2010. In the U.S. the rate stands at 8.9 percent, down 5.7 percentage points from late 2011.
Visitor Volumes
The Las Vegas area received 3,491,600 visitors in July 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 369,903 visitors in July 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 $7,443,128,057 in June 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 $1,315,987,732 in July 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 | −7.2% | −7.9% | −9.0% | −10.6% | −12.0% | −12.7% | −12.4% | −11.4% | −10.1% | −9.2% | −8.7% | −8.3% |
| 2012 | −7.8% | −6.7% | −4.8% | −2.0% | 1.1% | 3.8% | 6.1% | 7.8% | 9.4% | 11.4% | 13.8% | 16.4% |
| 2013 | 19.6% | 22.4% | 24.5% | 26.0% | 26.9% | 27.2% | 27.1% | 26.9% | 26.8% | 26.4% | 25.7% | 24.6% |
| 2014 | 22.6% | 20.4% | 18.2% | 16.0% | 14.1% | 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% | 9.7% | 9.5% | 9.6% | 9.9% | 10.2% | 10.3% | 10.2% |
| 2016 | 10.0% | 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% | 8.4% | 8.5% | 8.7% | 9.1% | 9.7% | 10.1% | 10.5% | 10.9% | 11.6% | 12.3% | 12.8% |
| 2018 | 12.9% | 13.2% | 13.8% | 14.6% | 15.0% | 14.9% | 14.3% | 13.6% | 13.2% | 12.4% | 11.2% | 10.1% |
| 2019 | 9.4% | 8.7% | 7.6% | 6.4% | 5.5% | 4.7% | 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% | 7.3% | 8.4% | 9.7% | 10.7% |
| 2021 | 11.2% | 11.9% | 13.5% | 16.2% | 19.2% | 21.7% | 23.3% | 24.4% | 25.1% | 25.3% | 25.2% | 25.2% |
| 2022 | 25.6% | 26.1% | 26.0% | 25.0% | 23.2% | 21.2% | 19.8% | NA | NA | NA | NA | NA |
Inflation
Consumer Price Index
Acknowledgements
Prepared by the Research and Analysis Bureau with contributions from: Jordan Ambrose, Dionny McDonnell, Dave Schmidt, 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.
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↩︎