Overall unemployment rate moved up to 5.6% with the biggest shift in Restaurants & Hotels, which gained 4,400 roles, based on the most recently available information published in December 2022.

Total employment in the Las Vegas-Henderson-Paradise, NV market declined by 10,085 jobs in October and the unemployment rate increased compared to the prior month by 30 bps to 5.6%. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Las Vegas-Henderson-Paradise, NV unemployment rate is 220 bps above the national rate which is a negative sign.
  • Unemployment in the market is 20 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in October versus prior month by 4.1% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Las Vegas-Henderson-Paradise, NV Unemployment October 2022

For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:

  • Restaurants & Hotels: 283,800; +4,400
  • Transportation & Utilities: 210,500; +1,800
  • Business Services: 159,700; +3,800
  • Education & Healthcare: 117,100; +2,200
  • Government: 107,200; +700
  • Construction, Mining: 76,900; +800
  • Financial Services: 56,600; -800
  • Manufacturing: 29,700; +100
  • Other Jobs: 28,500; -100
  • IT & Development: 11,200; no change
Las Vegas-Henderson-Paradise, NV Unemployment by Industry October 2022

Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.