12/24/2024

Nevada Unemployment Rate

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

  • Up 0.4 percentage points from 5.3% in November 2023

Nevada vs. US Unemployment Rate

  • The gap between NV and US seasonally adjusted unemployment rates for November 2024 is 1.5 percentage points. The gap decreased by 0.1 percentage points from October 2024.

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

Unemployment Insurance Activity

November 2024 Unemployment Insurance Activity
Measure November 2024 November 2023 % change October 2024 % change 12 month
average
Initial Claims 12,272 11,347 8.2% 11,091 10.6% 11,573
Weeks Claimed 94,939 82,886 14.5% 94,455 0.5% 100,671
Weeks Compensated 85,166 75,685 12.5% 87,610 −2.8% 91,125
Amount Compensated $39,502,098 $34,205,782 15.5% $39,923,002 −1.1% $42,093,805
Weeks Compensated Total Unemployment 76,310 69,005 10.6% 78,732 −3.1% 83,168
Amount Compensated Total Unemployment $37,027,054 $32,405,271 14.3% $37,498,523 −1.3% $39,922,642
First Payments 5,032 5,073 −0.8% 5,075 −0.8% 5,545
Final Payments (Exhaustions) 2,059 1,774 16.1% 2,122 −3.0% 2,198
Average Weekly Benefit $485.22 $469.61 3.3% $476.28 1.9% $479.93
Average Duration (in weeks) 15.00 12.51 19.9% 14.88 0.8% 14.12
Exhaustion Rate 40.24% 33.49% 20.2% 39.47% 1.9% 36.76%
Source: ETA 5159

Unemployment Insurance Activity

Unemployment Insurance Activity

Unemployment Insurance Trust Fund

Current Employment Statistics

  • Total (Seasonally Adjusted) Employment: 1,574,900 in November 2024

  • Nonfarm job levels are up 8,500 or 0.5% over the year.

Current Employment Statistics

  • Employment grew by 1.45% nationally year-over-year, as of November 2024. While employment grew by 0.54% in Nevada over the same period.

  • Nevada’s employment growth year-over-year was below the growth of the United States by about 0.91 percentage points. Compared to October 2024, Nevada’s employment growth decreased by about 0.76 percentage points. While the United States’ employment growth increased by about 0.03 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 November 2024 OTM Change in MA OTY Change in MA
Bachelor’s degree and higher 2.92% -0.06 -0.89
High school graduates, no college 5.64% 0.08 0.14
Less than a High school diploma 8.30% 0.02 3.64
Some college or associate degree 3.88% 0.02 -0.23
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 November 2024* OTY Change*
16-19 44.21 1.98
20-24 124.22 -13.95
25-34 330.98 -9.18
35-44 365.76 20.09
45-54 316.52 16.4
55-64 234.81 -19.73
65+ 118.01 13.42
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Age Group November 2024 OTY Change*
16-19 36.08% 1.41
20-24 74.70% -2.62
25-34 82.58% -0.28
35-44 83.62% 1.02
45-54 83.64% 0.6
55-64 62.72% -4.51
65+ 24.69% 3.01
* Values are reported in percentage points
Unemployment Rate,
12-Month Moving Average (MA)
Age Group November 2024 OTY Change*
16-19 22.59% -3.53
20-24 9.65% 1.59
25-34 5.04% 0.12
35-44 5.64% 0.75
45-54 4.03% -0.73
55-64 5.05% -0.41
65+ 13.34% 1.13
* 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* November 2024* OTY Change*
All All 1534.32 8.84
All Black 162.41 5.55
All Hispanic 474.19 13.44
All White 1155.73 52.19
Female All 712.75 14.91
Female Black 79.92 2.58
Female Hispanic 206.80 1.62
Female White 523.42 38.51
Male All 821.56 -6.06
Male Black 82.66 3.13
Male Hispanic 267.39 11.83
Male White 632.31 13.68
* Values are reported in thousdandths of persons
Labor Force Participation Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity November 2024 OTY Change*
All All 62.63% 0.07
All Black 65.38% 0.98
All Hispanic 69.32% -1.35
All White 62.68% 0.39
Female All 57.80% 0.95
Female Black 65.00% 3.15
Female Hispanic 62.20% -0.32
Female White 57.18% 1.71
Male All 67.49% -0.82
Male Black 66.60% -1.35
Male Hispanic 76.07% -2.81
Male White 68.08% -0.8
* Values are reported in percentage points
Unemployement Rate,
12-Month Moving Average (MA)
Gender Race/Ethnicity November 2024 OTY Change*
All All 5.13% 0.08
All Black 5.60% -4.14
All Hispanic 5.34% 0.67
All White 4.88% 0.65
Female All 4.96% 0.24
Female Black 5.97% -2.68
Female Hispanic 5.22% 0.28
Female White 4.90% 0.77
Male All 5.26% -0.07
Male Black 6.06% -6
Male Hispanic 5.39% 1.05
Male White 4.85% 0.5
* Values are reported in percentage points