5.2% unemployment rate (seasonally adjusted) in June 2024, up 0.1 percentage points from May 2024.
Up 0.2 percentage points from 5% in June 2023
July 25, 2024
Nevada Unemployment Rate
Nevada vs. US Unemployment Rate
The gap between NV and US seasonally adjusted unemployment rates for June 2024 is 1.1 percentage points. The gap remained the same compared to May 2024.
Nevada’s seasonally adjusted unemployment rate has exceeded that of the nation since July 2007.
Unemployment Insurance Activity
| June 2024 Unemployment Insurance Activity | ||||||
| Measure | June 2024 | June 2023 | % change | May 2024 | % change | 12 month average |
|---|---|---|---|---|---|---|
| Initial Claims | 11,663 | 9,732 | 19.8% | 10,924 | 6.8% | 10,982 |
| Weeks Claimed | 103,266 | 75,226 | 37.3% | 88,763 | 16.3% | 94,993 |
| Weeks Compensated | 79,036 | 70,564 | 12.0% | 79,325 | −0.4% | 85,420 |
| Amount Compensated | $36,077,109 | $29,034,668 | 24.3% | $36,735,060 | −1.8% | $38,811,389 |
| Weeks Compensated Total Unemployment | 72,750 | 63,723 | 14.2% | 72,886 | −0.2% | 78,198 |
| Amount Compensated Total Unemployment | $34,402,413 | $27,461,428 | 25.3% | $35,010,756 | −1.7% | $36,886,900 |
| First Payments | 4,740 | 5,328 | −11.0% | 4,749 | −0.2% | 5,412 |
| Final Payments (Exhaustions) | 2,106 | 1,378 | 52.8% | 2,016 | 4.5% | 1,996 |
| Average Weekly Benefit | $472.89 | $430.95 | 9.7% | $480.35 | −1.6% | $470.75 |
| Average Duration (in weeks) | 14.45 | 11.65 | 24.0% | 14.18 | 1.9% | 12.98 |
| Exhaustion Rate | 37.20% | 32.61% | 14.1% | 36.20% | 2.7% | 34.33% |
| Source: ETA 5159 | ||||||
Unemployment Insurance Activity
Unemployment Insurance Activity
Unemployment Insurance Trust Fund
Current Employment Statistics
Total (Seasonally Adjusted) Employment: 1,586,400 in June 2024
Nonfarm job levels are up 47,100 or 3.1% over the year.
Current Employment Statistics
Employment grew by 1.55% nationally year-over-year, as of June 2024. While employment grew by 3.06% in Nevada over the same period.
Nevada’s employment growth year-over-year exceeded the growth of the United States by about 1.51 percentage points. Compared to May 2024, Nevada’s employment growth decreased by about 0.18 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)
| Educational Attainment | June 2024 | OTM Change in MA | OTY Change in MA |
|---|---|---|---|
| Bachelor’s degree and higher | 3.15% | 0.08 | -0.24 |
| High school graduates, no college | 5.18% | -0.11 | -0.67 |
| Less than a High school diploma | 6.83% | 0.03 | 2.42 |
| Some college or associate degree | 3.87% | 0.12 | -1.65 |
| 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
| Age Group | June 2024* | OTY Change* |
|---|---|---|
| 16-19 | 45.68 | 2.04 |
| 20-24 | 137.32 | -10.19 |
| 25-34 | 335.78 | 7.62 |
| 35-44 | 346.02 | 16.28 |
| 45-54 | 317.55 | 18.08 |
| 55-64 | 247.34 | 11.45 |
| 65+ | 114.17 | 12.14 |
| * Values are reported in thousdandths of persons |
| Age Group | June 2024 | OTY Change* |
|---|---|---|
| 16-19 | 35.58% | 3.57 |
| 20-24 | 75.65% | -3.57 |
| 25-34 | 82.74% | 0.6 |
| 35-44 | 82.39% | 0.43 |
| 45-54 | 84.05% | 2.33 |
| 55-64 | 65.85% | 2.34 |
| 65+ | 25.24% | 4.25 |
| * Values are reported in percentage points |
| Age Group | June 2024 | OTY Change* |
|---|---|---|
| 16-19 | 21.70% | 3.13 |
| 20-24 | 8.80% | -0.89 |
| 25-34 | 4.33% | -1.21 |
| 35-44 | 5.95% | 1.33 |
| 45-54 | 4.39% | -0.05 |
| 55-64 | 5.41% | 0.4 |
| 65+ | 16.08% | 4.24 |
| * Values are reported in percentage points |
CPS: Labor Statistics by Gender and Race/Ethnicity (Ages 16+)
| Gender | Race/Ethnicity* | June 2024* | OTY Change* |
|---|---|---|---|
| All | All | 1543.87 | 57.43 |
| All | Black | 163.85 | 18.36 |
| All | Hispanic | 465.42 | 10.73 |
| All | White | 1143.28 | 61.04 |
| Female | All | 718.28 | 45.25 |
| Female | Black | 81.24 | 9.11 |
| Female | Hispanic | 212.12 | 9.76 |
| Female | White | 520.73 | 50.07 |
| Male | All | 825.48 | 12.09 |
| Male | Black | 82.78 | 9.42 |
| Male | Hispanic | 253.39 | 1.05 |
| Male | White | 622.52 | 10.95 |
| * Values are reported in thousdandths of persons |
| Gender | Race/Ethnicity | June 2024 | OTY Change* |
|---|---|---|---|
| All | All | 62.93% | 1.25 |
| All | Black | 64.45% | 1.26 |
| All | Hispanic | 70.58% | 0.78 |
| All | White | 62.97% | 1.74 |
| Female | All | 58.05% | 2.4 |
| Female | Black | 64.02% | 4 |
| Female | Hispanic | 64.39% | 2.86 |
| Female | White | 57.26% | 2.89 |
| Male | All | 67.84% | 0.1 |
| Male | Black | 67.26% | 0.5 |
| Male | Hispanic | 76.84% | -1.33 |
| Male | White | 68.64% | 0.81 |
| * Values are reported in percentage points |
| Gender | Race/Ethnicity | June 2024 | OTY Change* |
|---|---|---|---|
| All | All | 4.93% | -0.48 |
| All | Black | 5.26% | -5.88 |
| All | Hispanic | 5.03% | 0.26 |
| All | White | 4.32% | -0.34 |
| Female | All | 4.52% | -0.88 |
| Female | Black | 6.07% | -3.73 |
| Female | Hispanic | 5.15% | -0.02 |
| Female | White | 3.95% | -1.07 |
| Male | All | 5.29% | -0.13 |
| Male | Black | 7.52% | -5.36 |
| Male | Hispanic | 4.89% | 0.49 |
| Male | White | 4.65% | 0.25 |
| * Values are reported in percentage points |