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Nevada’s Labor Force Reaches All-Time High in November; Unemployment Rate Unchanged

November's Holiday Hiring in the Retail Industry Roughly Doubled from Last Year

Photo by David Lusvardi / Unsplash

Carson City, NV - According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) November 2023 economic report, Nevada’s unemployment rate was unchanged from October to November with the rate staying at 5.4%. The labor force in the state grew by about 8,800, and November marked the 11th consecutive month that the state has seen an increase in it’s labor force. The state saw an all-time high in individuals in the labor force, at a figure above 1.6 million, as well as in employed individuals who represent about 1.52 million of that labor force.

Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):

  • Las Vegas employment increased by 4,800 jobs (0.4%) since October, an increase of 42,600 jobs (3.8%) 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.
  • Carson City employment had an increase of 200 jobs (0.6%) since October, an increase of 1,000 jobs (3.2%) 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.