04/29/2024

Nevada Unemployment Rate

  • 5.1% unemployment rate (seasonally adjusted) in March 2024, down 0.1 percentage points from February 2024.

  • Unchanged from 5.1% in March 2023

Nevada vs. US Unemployment Rate

  • The gap between NV and US seasonally adjusted unemployment rates for March 2024 is 1.3 percentage points. The gap decreased by 0 percentage points from February 2024.

  • Nevada’s seasonally adjusted unemployment rate has exceeded that of the nation since July 2007.

Unemployment Insurance Activity

March 2024 Unemployment Insurance Activity
Measure March 2024 March 2023 % change February 2024 % change 12 month
average
Initial Claims 10,296 9,639 6.8% 10,928 −5.8% 10,656
Weeks Claimed 105,093 75,909 38.4% 98,382 6.8% 90,314
Weeks Compensated 88,902 69,294 28.3% 90,424 −1.7% 81,710
Amount Compensated $41,664,897 $29,373,446 41.8% $42,497,554 −2.0% $36,349,113
Weeks Compensated Total Unemployment 81,532 61,586 32.4% 82,907 −1.7% 74,445
Amount Compensated Total Unemployment $39,636,095 $27,451,366 44.4% $40,464,551 −2.0% $34,465,984
First Payments 5,066 4,969 2.0% 5,642 −10.2% 5,510
Final Payments (Exhaustions) 1,924 1,332 44.4% 1,976 −2.6% 1,804
Average Weekly Benefit $486.14 $445.74 9.1% $488.07 −0.4% $461.04
Average Duration (in weeks) 13.51 11.34 19.1% 13.23 2.1% 12.32
Exhaustion Rate 34.91% 31.39% 11.2% 34.15% 2.2% 33.27%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total (Seasonally Adjusted) Employment: 1,576,000 in March 2024

  • Nonfarm job levels are up 51,200 or 3.4% over the year.

Current Employment Statistics

  • Employment grew by 1.70% nationally year-over-year, as of March 2024. While employment grew by 3.36% in Nevada over the same period.

  • Nevada’s employment growth year-over-year exceeded the growth of the United States by about 1.65 percentage points. Compared to February 2024, Nevada’s employment growth increased by about 0.06 percentage points, while the United States’ employment growth increased by about 0.01 percentage points over the same period.

Current Employment Statistics

Current Population Survey (CPS)

Current Population Survey (CPS)

12-Month Moving Average (MA) of Unemployment Rate Estimate by Educational Attainment
Educational Attainment March 2024 OTM Change in MA OTY Change in MA
Bachelor’s degree and higher 2.95% -0.23 -0.23
High school graduates, no college 5.21% 0.28 -1.11
Less than a High school diploma 5.85% 0.78 0.77
Some college or associate degree 3.53% -0.03 -2.36
Notes:
1 Changes are measured in percentage points.
2 Positive changes are colored red to easily spot increases in the estimate of the unemployment rate.
Source:
Current Population Survey

CPS: Labor Force Statistics by Age Group

Employed Level,
12-Month Moving Average (MA)
Age Group March 2024* OTY Change*
16-19 47.33 -2.71
20-24 138.02 -4.97
25-34 332.00 8.79
35-44 349.88 23.36
45-54 310.34 5.39
55-64 254.07 26.73
65+ 110.25 13.34
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Age Group March 2024 OTY Change*
16-19 35.57% 1.13
20-24 77.20% -0.44
25-34 82.39% 0.48
35-44 82.88% 1.09
45-54 83.80% 2.34
55-64 67.35% 2.9
65+ 22.60% 2.24
* Values are reported in percentage points
Unemployment Rate,
12-Month Moving Average (MA)
Age Group March 2024 OTY Change*
16-19 23.31% 7.68
20-24 8.45% -0.51
25-34 4.16% -1.03
35-44 5.56% 0.8
45-54 4.21% -0.66
55-64 5.32% -1.59
65+ 11.15% -2.45
* Values are reported in percentage points

CPS: Labor Statistics by Gender and Race/Ethnicity (Ages 16+)

Employed Level,
12-Month Moving Average (MA)
Gender Race/Ethnicity* March 2024* OTY Change*
All All 1541.90 69.98
All Black 162.41 8.22
All Hispanic 455.44 10.86
All White 1125.47 48.52
Female All 712.42 39.39
Female Black 78.46 2.56
Female Hispanic 207.97 6.12
Female White 510.58 34.66
Male All 829.48 30.59
Male Black 83.96 5.67
Male Hispanic 247.48 4.74
Male White 614.87 13.83
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity March 2024 OTY Change*
All All 62.77% 1.3
All Black 63.99% -1.96
All Hispanic 70.22% 1.2
All White 62.90% 2.14
Female All 57.40% 1.43
Female Black 61.20% -2.44
Female Hispanic 63.65% 2.12
Female White 56.92% 2.43
Male All 68.17% 1.14
Male Black 68.45% -1.08
Male Hispanic 76.91% 0.2
Male White 68.80% 1.95
* Values are reported in percentage points
Unemployement Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity March 2024 OTY Change*
All All 4.71% -0.87
All Black 6.18% -4.54
All Hispanic 4.61% -0.24
All White 4.10% -0.58
Female All 4.01% -1.61
Female Black 6.05% -4.85
Female Hispanic 4.66% -0.8
Female White 3.56% -1.45
Male All 5.31% -0.24
Male Black 8.42% -3.94
Male Hispanic 4.51% 0.22
Male White 4.57% 0.12
* Values are reported in percentage points