Southern Nevada posted a strong 2016 (so far), recovering from the Great Recession and laying the foundations for economic expansion. With a national recession in the near future unlikely, we think Southern Nevada’s economy will continue to grow through 2017 and 2018.
Unemployment in the Las Vegas-Paradise MSA stood at 5.5 percent as of October 2016, down from 6.4 percent in October 2015. The national unemployment figure was 4.9 percent in October 2016, down from 5.0 percent in October 2015. The national labor force participation rate dropped to 62.8 percent in October 2016, but was 0.4 points higher than in October 2015.