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.