Southern Nevada’s expansion proceeded apace in the second quarter of 2017, and UNLV’s Center for Business and Economic Research believes the pace of growth may accelerate through the remainder of 2017 and into 2018.
Unemployment in the Las Vegas-Paradise MSA stood at 4.8 percent
as of May 2017, down from 6.4 percent in May 2016. The national
unemployment figure was 4.3 percent in May 2017, down from 4.7
percent in May 2016. While the national unemployment remains lower
than the Las Vegas figure, unemployment is dropping faster in Las Vegas
than nationally. The national labor force participation rate increased to
62.7 percent in May 2017, 0.1 point higher than in May 2016.
2017 Q2 Las Vegas Market Research Report
Author: John Stater
Date Published: 07/10/2017