10/24/2024

Nevada Unemployment Rate

  • 5.6% unemployment rate (seasonally adjusted) in September 2024, up 0.1 percentage points from August 2024.

  • Up 0.4 percentage points from 5.2% in September 2023

Nevada vs. US Unemployment Rate

  • The gap between NV and US seasonally adjusted unemployment rates for September 2024 is 1.5 percentage points. The gap increased by 0.2 percentage points from August 2024.

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

Unemployment Insurance Activity

September 2024 Unemployment Insurance Activity
Measure September 2024 September 2023 % change August 2024 % change 12 month
average
Initial Claims 10,209 8,854 15.3% 12,089 −15.6% 11,428
Weeks Claimed 112,958 79,221 42.6% 98,503 14.7% 99,620
Weeks Compensated 101,403 72,270 40.3% 89,284 13.6% 90,137
Amount Compensated $46,497,394 $31,437,112 47.9% $40,221,183 15.6% $41,478,032
Weeks Compensated Total Unemployment 91,432 65,756 39.0% 80,821 13.1% 82,498
Amount Compensated Total Unemployment $43,756,894 $29,745,631 47.1% $37,954,730 15.3% $39,408,895
First Payments 5,701 4,348 31.1% 6,032 −5.5% 5,540
Final Payments (Exhaustions) 2,430 1,657 46.7% 2,145 13.3% 2,173
Average Weekly Benefit $478.57 $452.36 5.8% $469.61 1.9% $477.36
Average Duration (in weeks) 14.89 12.09 23.2% 14.81 0.6% 13.70
Exhaustion Rate 39.43% 32.89% 19.9% 38.32% 2.9% 35.71%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total (Seasonally Adjusted) Employment: 1,582,000 in September 2024

  • Nonfarm job levels are up 33,100 or 2.1% over the year.

Current Employment Statistics

  • Employment grew by 1.56% nationally year-over-year, as of September 2024. While employment grew by 2.14% in Nevada over the same period.

  • Nevada’s employment growth year-over-year exceeded the growth of the United States by about 0.58 percentage points. Compared to August 2024, Nevada’s employment growth decreased by about 0.76 percentage points. While the United States’ employment growth showed little to no change, with a marginal increase of less than 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 September 2024 OTM Change in MA OTY Change in MA
Bachelor’s degree and higher 3.17% -0.31 -0.48
High school graduates, no college 5.30% 0.24 -0.45
Less than a High school diploma 8.07% 0.19 3.13
Some college or associate degree 4.02% 0.22 -0.82
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 September 2024* OTY Change*
16-19 47.23 7.4
20-24 127.51 -11.39
25-34 332.72 -2.42
35-44 358.56 19.25
45-54 320.09 22.39
55-64 235.03 -11.83
65+ 115.82 10.91
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Age Group September 2024 OTY Change*
16-19 36.90% 6.76
20-24 74.60% -3.35
25-34 83.28% 0.97
35-44 82.69% 0.29
45-54 83.61% 1.32
55-64 62.65% -2.21
65+ 24.16% 2.82
* Values are reported in percentage points
Unemployment Rate,
12-Month Moving Average (MA)
Age Group September 2024 OTY Change*
16-19 20.23% -0.74
20-24 8.67% -0.49
25-34 5.34% 0.17
35-44 5.99% 1.29
45-54 4.01% -1.19
55-64 4.75% 0.02
65+ 12.48% 1.94
* 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* September 2024* OTY Change*
All All 1536.78 34.12
All Black 163.26 13.56
All Hispanic 476.49 25.2
All White 1152.38 67.08
Female All 716.90 37.01
Female Black 80.83 7.31
Female Hispanic 211.68 13.03
Female White 522.94 51.82
Male All 819.87 -2.89
Male Black 82.59 6.4
Male Hispanic 264.73 12.08
Male White 629.42 15.27
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity September 2024 OTY Change*
All All 62.67% 0.67
All Black 65.65% 3.94
All Hispanic 69.93% -0.12
All White 62.57% 0.68
Female All 57.91% 2.1
Female Black 64.78% 4.53
Female Hispanic 63.52% 2.28
Female White 57.09% 2.33
Male All 67.47% -0.78
Male Black 67.87% 2.37
Male Hispanic 76.08% -2.9
Male White 67.92% -0.82
* Values are reported in percentage points
Unemployement Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity September 2024 OTY Change*
All All 5.03% -0.31
All Black 5.78% -4.01
All Hispanic 4.93% -0.12
All White 4.66% 0.16
Female All 4.57% -0.58
Female Black 5.43% -5.67
Female Hispanic 5.15% -0.29
Female White 4.45% -0.15
Male All 5.42% -0.07
Male Black 7.65% -4.07
Male Hispanic 4.72% 0.04
Male White 4.84% 0.38
* Values are reported in percentage points