Indicator Gauge Icon Legend

Legend Colors

Red is bad, green is good, blue is not statistically different/neutral.

Compared to Distribution

an indicator guage with the arrow in the green the value is in the best half of communities.

an indicator guage with the arrow in the yellow the value is in the 2nd worst quarter of communities.

an indicator guage with the arrow in the red the value is in the worst quarter of communities.

Compared to Target

green circle with white tick inside it meets target; red circle with white cross inside it does not meet target.

Compared to a Single Value

green diamond with downward arrow inside it lower than the comparison value; red diamond with downward arrow inside it higher than the comparison value; blue diamond with downward arrow inside it not statistically different from comparison value.

Trend

green square outline with upward trending arrow inside it green square outline with downward trending arrow inside it non-significant change over time; green square with upward trending arrow inside it green square with downward trending arrow inside it significant change over time; blue square with equals sign no change over time.

Compared to Prior Value

green triangle with upward trending arrow inside it higher than the previous measurement period; green triangle with downward trending arrow inside it lower than the previous measurement period; blue equals sign no statistically different change  from previous measurement period.

green chart bars Significantly better than the overall value

red chart bars Significantly worse than the overall value

light blue chart bars No significant difference with the overall value

gray chart bars No data on significance available

More information about the gauges and icons

Unemployment Rate

State: Nevada
Measurement Period: 2023

Total unemployed as a percentage of the civilian labor force age 16 or older.  This is the the official unemployment rate (U3) by the LAUS (Local Area Unemployment Statistics) program.  Annual average estimates are calculated from the not seasonally adjusted data series.

Why is this important?

The LAUS (Local Area Unemployment Statistics) program produces monthly and annual labor force data (employment and unemployment rates) for census regions and divisions, states, counties, metropolitan areas, and many cities larger than 25,000, by place of residence. The reported monthly employment and unemployment numbers are typically seasonally adjusted data for use when comparing several months of data.  Annual average estimates are calculated from the not seasonally adjusted data series.

LAUS data are used for planning and budgetary purposes, determining employment and training program needs, allocating federal funds under the Workforce Innovation and Opportunity Act (WIOA) and the Federal Emergency Management Agency (FEMA), and identifying labor surplus areas, which receive preference in the awarding of federal procurement contracts.

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5.1%
percent of labor force
Source: Nevada Department of Employment, Training & Rehabilitation, Research & Analysis Bureau
Measurement period: 2023
Maintained by: Truckee Meadows Tomorrow
Last update: November 2024
Compared to See the Legend
Technical note: Nevada Department of Employment, Training & Rehabilitation, Nevada Labor Marker Information, http://nevadaworkforce.com

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Filed under: Economy / Employment, Economy / Economic Climate, Workforce