“This month’s release incorporates a more complete data set for 2024 and revised models for both employment and unemployment patterns. We continue to see unemployment driven first by entrants into the labor market and second by job loss. Wage growth remains strong in the state, likely contributing to both the slower pace of employment growth and the steady rate of entrants to the labor market," said David Schmidt, Chief Economist
Nevada Labor Market Overview - January 2025
In January 2025, Nevada’s seasonally adjusted unemployment rate remained steady at 5.8%, with the labor force growing by 5,255. This growth was due to an increase of 4,796 employed individuals and 459 unemployed individuals.
However, the state saw a 5,800 decrease in jobs overall, with the biggest losses in Construction and Leisure & Hospitality (-1,300 each). There were small gains in Manufacturing, Financial Activities, and Professional & Business Services, each adding 100 jobs.
Las Vegas: Down 7,500 jobs (-0.6%) since December, but up 8,100 jobs (+0.7%) since January 2024.
Reno: Down 600 jobs (-0.2%) since December, up 3,100 jobs (+1.1%) since year over year.
Carson City: Up 200 jobs (+0.6%) since December, up by 600 jobs (+1.9%) since January 2024.
For more detailed labor market data, visit: www.nevadaworkforce.com