Nevada’s labor force reaches all-time high in November; Carson City sees 1K jobs filled in year
Nevada has also record an all-time high in individuals in the labor force, at a figure above 1.6 million. Meanwhile, the unemployment rate was unchanged from October to November with the rate staying at 5.4 percent
Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):
— Carson City employment had an increase of 200 jobs (0.6%) since October, an increase of 1,000 jobs (3.2%) since November 2022.
— Reno employment had a decrease of 300 jobs (-0.1%) since October, an increase of 7,600 jobs (2.9%) since November 2022.
— Las Vegas employment increased by 4,800 jobs (0.4%) since October, an increase of 42,600 jobs (3.8%) since November 2022.
“November’s data shows our state remaining on a strong path, with continuing strong employment growth, a growing labor force, and stable unemployment. November is typically the most important month for holiday hiring in the retail industry, and in 2023 we added over 4,000 jobs compared to October, roughly double what we saw a year ago, suggesting stronger expectations for this holiday season” said David Schmidt, Chief Economist.
See the full report below. Go here to see additional labor market data view the department’s employment and unemployment dashboards located at www.nevadaworkforce.com.
Nevada Statewide & Metro Area Labor Market Overview (November 2023) by Carson Now on Scribd