Carson City job growth remains unchanged in October, Reno and Vegas see slight decreases
Submitted by Jeff Munson on Sun, 11/17/2024 - 11:10am
Nevada’s employment growth over the last 12 months is now 1.3 percent with October unemployment seeing a 0.1 percent increase to 5.7 percent, according to figures released by the Nevada Department of Employment, Training and Rehabilitation's October 2024 economic report. The state’s labor force grew by 1,379.
“In October, we saw the pace of employment growth shrink to 1.3 percent as unemployment increased to 5.7 percent. At the same time, hourly wages saw their largest increase so far this year, rising by over 5 percent," said said David Schmidt, Nevada's chief economist. "As we enter the beginning of the holiday hiring season the trade, transportation, and utilities sector added 2,400 jobs over the month, which was 500 jobs below the typical seasonal pattern for this time of year. The labor market continues to soften, though higher unemployment continues to be driven be people entering the labor market, not by people losing their jobs.”
The Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted) findings show:
— Carson City employment saw no change in jobs since September, an increase of 800 jobs (2.5 percent) since October 2023.
— Reno employment had a decrease of 2,200 jobs (0.8 percent) since September, an increase of 900 jobs (0.3 percent) since October 2023.
— Las Vegas employment decreased by 3,300 jobs (0.3 percent) since September, an increase of 9,500 jobs (0.8 percent) since October 2023.
To see additional labor market data view the department’s employment and unemployment dashboards here.
The Research and Analysis Bureau is Nevada’s premier source for labor market information. A part of DETR, the Bureau is responsible for creating, analyzing, and reporting Nevada’s labor market information, in cooperation with the United States Bureau of Labor Statistics.
