Southern Nevada's economy continued to expand in the fourth quarter of 2017. Taxable sales and employment continued to increase in the Valley, though visitor volume retreated slightly from 2016 levels. Southern Nevada is now poised to add two professional sports franchises in addition to the NHL Vegas Golden Knights, those being the NFL Las Vegas Raiders and the WNBA Las Vegas Aces. The city will also see a major expansion of its convention center and three potential new hospitality venues on the "Strip" in the coming years.
Unemployment in the Las Vegas-Paradise MSA stood at 5.1 percent as of October 2017, down from 5.5 percent in October 2016. The national unemployment figure was 4.1 percent in October 2017, down from 4.9 percent in October 2016. Southern Nevada still has a ways to go to catch up to the national economy in terms of unemployment, but it has made incredible strides from the high of 14.0 percent unemployment experienced in 2010. The national labor force participation rate decreased slightly to 62.7 percent in October 2017, 0.1 point lower than in October 2016.