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Las Vegas Area Economic Summary

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Las Vegas Area Economic Summary Las Vegas Area Economic Summary Updated October 01, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm. Unemployment rates for the nation and selected Average weekly wages for all industries by county areas Las Vegas metro area, first quarter 2021 (U.S. = $1,289; Area = $1,050) Unemployment rates 8.5 United States 5.3 14.4 Nevada 7.1 16.9 Clark County 8.2 16.2 Las Vegas city 8.2 13.9 Henderson city 7.1 0.0 10.0 20.0 Aug-20 Aug-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages. Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector Change from Aug. 12-month percent changes in employment Las Vegas metro area employment Aug. 2021 2020 to Aug. 2021 30.0 (number in thousands) Number Percent 20.0 Total nonfarm 965.3 85.4 9.7 Mining and logging 0.4 0.0 0.0 10.0 Construction 67.7 1.1 1.7 Manufacturing 24.6 1.1 4.7 0.0 Trade, transportation, and utilities 200.0 20.4 11.4 -10.0 Information 9.8 0.6 6.5 Financial activities 53.0 2.8 5.6 -20.0 Professional and business services 147.2 17.3 13.3 Education and health services 104.6 2.3 2.2 -30.0 Leisure and hospitality 228.0 36.9 19.3 Aug-18 Aug-19 Aug-20 Aug-21 Other services 33.4 6.2 22.8 Las Vegas metro area United States Government 96.6 -3.3 -3.3 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide 12-month percent change in CPI-U, August 2021 12-month percent changes in PPI 30.0 25.0 25.3 25.0 20.0 25.0 15.0 20.0 10.0 5.0 15.0 0.0 10.0 -5.0 5.3 5.0 4.1 -10.0 5.0 3.7 Aug-18 Aug-19 Aug-20 Aug-21 0.0 All items Food Energy General freight trucking Hospitals Casino hotels West Region U.S. city average Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index. Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories Las Vegas United Occupation metro area States Average annual expenditures, United States and All occupations $24.02 $27.07 West Region, 2019 100% $12,395 $11,088 Lawyers 63.43 71.59 80% $5,116 $5,193 $7,697 $7,165 Human resources managers 53.94 64.70 60% $8,947 $8,169 40% $11,284 $10,742 Dancers 50.84 25.08 20% $23,590 $20,679 0% Electricians 33.90 29.59 West Region United States All other items Healthcare Concierges 16.00 16.97 Personal insurance & pensions Food Transportation Gambling dealers 10.44 12.55 Housing Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020. Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, United West Region June 2021 States 4.5 Total compensation $40.74 $36.64 4.0 Wages and salaries 28.75 25.89 3.5 Total benefits 11.99 10.76 3.0 Paid leave 3.07 2.70 2.5 Vacation 1.55 1.38 2.0 Supplemental pay 1.30 1.25 1.5 Insurance 3.11 2.79 1.0 0.5 Retirement and savings 1.34 1.25 0.0 Legally required benefits 3.17 2.77 Jun-18 Jun-19 Jun-20 Jun-21 West Region United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index. Western Information Office • [email protected] • https://www.bls.gov/regions/west • 415-625-2270.
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