01/28/2025

Nevada Unemployment Rate

  • 5.7% unemployment rate (seasonally adjusted) in December 2024, unchanged from November 2024.

  • Up 0.4 percentage points from 5.3% in December 2023

Nevada vs. US Unemployment Rate

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

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

Unemployment Insurance Activity

December 2024 Unemployment Insurance Activity
Measure December 2024 December 2023 % change November 2024 % change 12 month
average
Initial Claims 13,249 13,118 1.0% 12,272 8.0% 11,584
Weeks Claimed 123,007 103,603 18.7% 94,939 29.6% 102,288
Weeks Compensated 114,801 83,121 38.1% 85,166 34.8% 93,765
Amount Compensated $53,858,784 $38,297,451 40.6% $39,502,098 36.3% $43,390,583
Weeks Compensated Total Unemployment 102,564 76,110 34.8% 76,310 34.4% 85,372
Amount Compensated Total Unemployment $50,424,698 $36,397,516 38.5% $37,027,054 36.2% $41,091,574
First Payments 7,056 5,851 20.6% 5,032 40.2% 5,645
Final Payments (Exhaustions) 2,664 1,846 44.3% 2,059 29.4% 2,266
Average Weekly Benefit $491.64 $478.22 2.8% $485.22 1.3% $481.05
Average Duration (in weeks) 15.12 12.76 18.6% 15.00 0.8% 14.32
Exhaustion Rate 41.86% 33.32% 25.7% 40.24% 4.0% 37.47%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total (Seasonally Adjusted) Employment: 1,582,400 in December 2024

  • Nonfarm job levels are up 10,600 or 0.7% over the year.

Current Employment Statistics

  • Employment grew by 1.42% nationally year-over-year, as of December 2024. While employment grew by 0.67% in Nevada over the same period.

  • Nevada’s employment growth year-over-year was below the growth of the United States by about 0.74 percentage points. Compared to November 2024, Nevada’s employment growth showed little to no change, with a marginal decrease of less than 0.01 percentage points. While the United States’ employment growth decreased by about 0.02 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 December 2024 OTM Change in MA OTY Change in MA
Bachelor’s degree and higher 3.10% 0.17 -0.6
High school graduates, no college 5.90% 0.26 0.22
Less than a High school diploma 7.38% -0.92 2.11
Some college or associate degree 3.73% -0.14 -0.19
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 December 2024* OTY Change*
16-19 44.02 0.23
20-24 123.72 -17.03
25-34 331.86 -4.33
35-44 365.23 14.06
45-54 317.23 15.67
55-64 237.71 -16.67
65+ 115.18 10.57
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Age Group December 2024 OTY Change*
16-19 37.01% 2.8
20-24 76.65% -1.1
25-34 82.47% -0.29
35-44 84.42% 1.58
45-54 83.63% 0.01
55-64 63.02% -3.26
65+ 23.93% 1.63
* Values are reported in percentage points
Unemployment Rate,
12-Month Moving Average (MA)
Age Group December 2024 OTY Change*
16-19 24.50% 1.29
20-24 11.67% 3.73
25-34 5.28% 0.43
35-44 5.63% 0.76
45-54 4.10% -0.56
55-64 4.70% 0.48
65+ 13.12% -0.83
* 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* December 2024* OTY Change*
All All 1534.62 2.14
All Black 161.67 3.32
All Hispanic 478.88 21.64
All White 1156.64 41.86
Female All 712.32 10.45
Female Black 80.67 3.96
Female Hispanic 207.43 2.52
Female White 523.14 28.34
Male All 822.29 -8.3
Male Black 81.16 -0.48
Male Hispanic 271.46 19.15
Male White 633.49 13.52
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity December 2024 OTY Change*
All All 62.67% 0.05
All Black 66.05% 2.24
All Hispanic 69.58% -0.73
All White 62.59% 0.07
Female All 57.89% 1.07
Female Black 66.43% 6.05
Female Hispanic 62.32% -0.18
Female White 57.06% 1.09
Male All 67.49% -0.97
Male Black 67.08% -1.4
Male Hispanic 76.42% -1.74
Male White 68.02% -0.86
* Values are reported in percentage points
Unemployement Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity December 2024 OTY Change*
All All 5.19% 0.22
All Black 6.35% -2.2
All Hispanic 5.34% 0.53
All White 4.90% 0.69
Female All 5.23% 0.86
Female Black 6.02% -1.37
Female Hispanic 5.50% 0.74
Female White 5.09% 1.15
Male All 5.13% -0.36
Male Black 8.26% -2.87
Male Hispanic 5.14% 0.4
Male White 4.71% 0.25
* Values are reported in percentage points