October 2024 | Released November 19, 2024

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United States Employment Snapshot

• In October, among the 50 states and the District of Columbia unemployment fell in 8, rose in 22, and remained unchanged in 21.

• The highest unemployment rate was 5.7 percent in District of Columbia and Nevada, and the lowest was 1.9 percent in South Dakota. Nationally, the unemployment rate remained unchanged in October.

• In October, payroll jobs rose in 21 states and fell in 30. The largest payroll job percent increase was 0.4 percent in Idaho. The largest payroll job percent decline was 1 percent in Washington.

Nevada Employment Snapshot

• In October, Nevada lost 1,200 net payroll jobs and the unemployment rate rose by 0.1 percentage point to 5.7 percent. In the prior month, Nevada lost 3,100 net payroll jobs.

• Over the past 12 months, Nevada added 20,000 net payroll jobs and the unemployment rate rose by 0.4 percentage points from 5.3 percent.

• Nationally, nonfarm payrolls rose by 12,000 in October, or 0 percent. Nevada is tied for 28th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.

• In October, Nevada’s private sector lost 1,400 net private payroll jobs, and over the past 12 months it added 16,000 private payroll jobs. In the prior month, Nevada lost 2,300 net private payroll jobs.

• In October, employment in Nevada rose by 652, and over the past 12 months it rose by 3,474.

• Nevada’s labor force participation rate remained steady at 62.7 percent in October and ranks 30th in the nation. In the past 12 months, the labor force participation rate has fallen by 0.2 percentage points.

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Nevada Payroll Employment

• Nevada lost 1,200 net payroll jobs, or -0.1 percent, on a seasonally adjusted basis during October. In the prior month, Nevada lost 3,100 jobs. Nevada nonfarm payroll employment has increased in 7 of the past 12 months.

• Nationally, nonfarm payrolls rose by 12,000 in October, or 0 percent. Nevada is tied for 28th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.

• Nevada lost 1,400 private sector jobs, or -0.1 percent. on a seasonally adjusted basis during October. In the prior month, Nevada lost 2,300 jobs. Nevada private sector payroll employment has increased in 8 of the past 12 months.

• Nationally, private sector payroll jobs fell by 28,000 jobs in October, or 0 percent. Nevada is tied for 27th in the nation for percentage gain in private sector payroll employment over the past 12 months.

• The best performing sectors on a seasonally adjusted basis during October were Leisure and Hospitality (2,100) and Education and Health Services (900).

• The poorest performing sectors during the month were Financial Activities (-600) and Professional and Business Services (-3,600).

• The best performing sectors during the last 12 months were Construction (8,300) and Education and Health Services (6,300).

• The poorest performing sectors during the last 12 months were Financial Activities (-1,400) and Professional and Business Services (-5,400).

Nevada Labor Force

The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.

• The labor force participation rate in Nevada remained unchanged at 62.7 percent in October.

• Nevada ranks 30th in the nation.

• The 10-year high for the labor force participation rate in Nevada was 64.4 percent occurring in December 2019, and the 10-year low was 56.6 percent in May 2020.

• The national labor force participation rate fell by 0.1 percentage points to 62.6 percent in October.