11/25/2024

Nevada Unemployment Rate

  • 5.7% unemployment rate (seasonally adjusted) in October 2024, up 0.1 percentage points from September 2024.

  • Up 0.4 percentage points from 5.3% in October 2023

Nevada vs. US Unemployment Rate

  • The gap between NV and US seasonally adjusted unemployment rates for October 2024 is 1.6 percentage points. The gap increased by 0.1 percentage points from September 2024.

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

Unemployment Insurance Activity

October 2024 Unemployment Insurance Activity
Measure October 2024 October 2023 % change September 2024 % change 12 month
average
Initial Claims 11,091 10,276 7.9% 10,209 8.6% 11,496
Weeks Claimed 94,455 93,904 0.6% 112,958 −16.4% 99,666
Weeks Compensated 87,610 85,237 2.8% 101,403 −13.6% 90,335
Amount Compensated $39,923,002 $37,830,040 5.5% $46,497,394 −14.1% $41,652,445
Weeks Compensated Total Unemployment 78,732 77,995 0.9% 91,432 −13.9% 82,559
Amount Compensated Total Unemployment $37,498,523 $35,955,350 4.3% $43,756,894 −14.3% $39,537,493
First Payments 5,075 4,976 2.0% 5,701 −11.0% 5,548
Final Payments (Exhaustions) 2,122 2,108 0.7% 2,430 −12.7% 2,174
Average Weekly Benefit $476.28 $461.00 3.3% $478.57 −0.5% $478.63
Average Duration (in weeks) 14.88 12.31 20.8% 14.89 −0.1% 13.91
Exhaustion Rate 39.47% 33.56% 17.6% 39.43% 0.1% 36.20%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total (Seasonally Adjusted) Employment: 1,577,700 in October 2024

  • Nonfarm job levels are up 20,000 or 1.3% over the year.

Current Employment Statistics

  • Employment grew by 1.39% nationally year-over-year, as of October 2024. While employment grew by 1.28% in Nevada over the same period.

  • Nevada’s employment growth year-over-year was below the growth of the United States by about 0.1 percentage points. Compared to September 2024, Nevada’s employment growth decreased by about 0.65 percentage points. While the United States’ employment growth decreased by about 0.1 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 October 2024 OTM Change in MA OTY Change in MA
Bachelor’s degree and higher 2.98% -0.18 -0.77
High school graduates, no college 5.56% 0.26 0.13
Less than a High school diploma 8.28% 0.21 3.48
Some college or associate degree 3.86% -0.17 -0.69
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 October 2024* OTY Change*
16-19 45.67 5.1
20-24 126.88 -10.83
25-34 330.63 -6.32
35-44 364.42 22.06
45-54 317.38 17.58
55-64 234.22 -16.05
65+ 117.96 12.88
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Age Group October 2024 OTY Change*
16-19 37.80% 5.59
20-24 75.00% -2.58
25-34 82.52% -0.16
35-44 83.46% 1.18
45-54 84.24% 1.44
55-64 62.91% -2.8
65+ 26.27% 4.4
* Values are reported in percentage points
Unemployment Rate,
12-Month Moving Average (MA)
Age Group October 2024 OTY Change*
16-19 23.84% -0.96
20-24 9.32% 0.65
25-34 5.15% 0.21
35-44 5.71% 0.92
45-54 4.38% -0.88
55-64 5.64% 0.85
65+ 19.41% 7.83
* 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* October 2024* OTY Change*
All All 1536.90 24.17
All Black 163.22 9.31
All Hispanic 477.28 21.25
All White 1156.26 64.36
Female All 716.32 29.29
Female Black 80.31 4.64
Female Hispanic 210.52 9.72
Female White 524.59 48.82
Male All 820.48 -5.22
Male Black 83.08 4.83
Male Hispanic 266.68 11.45
Male White 631.66 15.53
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity October 2024 OTY Change*
All All 62.71% 0.49
All Black 65.73% 2.44
All Hispanic 69.69% -0.64
All White 62.66% 0.67
Female All 57.97% 1.76
Female Black 65.94% 4.68
Female Hispanic 62.99% 1.27
Female White 57.26% 2.4
Male All 67.48% -0.79
Male Black 68.92% 2.34
Male Hispanic 76.09% -2.96
Male White 67.94% -0.93
* Values are reported in percentage points
Unemployement Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity October 2024 OTY Change*
All All 5.09% -0.09
All Black 5.67% -4.16
All Hispanic 5.16% 0.27
All White 4.77% 0.4
Female All 4.75% -0.23
Female Black 6.99% -2.9
Female Hispanic 5.29% -0.12
Female White 4.69% 0.31
Male All 5.38% 0.03
Male Black 8.41% -3.09
Male Hispanic 5.03% 0.64
Male White 4.83% 0.44
* Values are reported in percentage points