With the Great Recession finally behind us, Southern Nevada’s economy is moving into expansion mode that should barring a national recession last through 2017 and 2018.

Unemployment in the Las Vegas-Paradise MSA stood at 5.1 percent as of January 2017, down from 6.5 percent in January 2016. The national unemployment figure was 4.8 percent in January 2017, down from 4.9 percent in January 2016. The national labor force participation rate increased to 63.0 percent in February 2017, 0.2 points higher than in February 2016.