Indicator Gauge Icon Legend

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

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Labor Force Participation Rate

State: Nevada
Measurement Period: 2023
The proportion of the population 16 years and older that is in the labor force.
 
The labor force includes all people classified in the civilian labor force (civilians 16 and older either employed or unemployed and actively seeking work), plus active duty members of the US Armed Forces (Army, Air Force, Navy, Marine Corps, or Coast Guard). 

Why is this important?

In conjunction with the unemployment rate, the labor force participation rate is an indicator of the availability of workers and the strength of the economy.  The rate varies over time due to social (e.g., COVID, higher education attendance), demographic (e.g., Baby Boomers retiring) and economic changes (recessions).  Higher rates may indicate workforce skills are meeting employer needs.
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State: Nevada

63.5%
Percent (%)
Source: US Census Bureau, American Community Survey, 1-Year Estimates
Measurement period: 2023
Maintained by: Truckee Meadows Tomorrow
Last update: October 2024
Compared to See the Legend
Compared to the US Value (63.8%), Nevada has a value of 63.5% which is lower and worse.
US Value
(63.8%)
Compared to the prior value, Nevada (63.5%) is greater and better than the previously measured value (63.3%).
Prior Value
(63.3%)
Over time, the Nevada value is decreasing, significantly.
Trend
Technical note: For more information on the Census Bureau's labor force statistics: https://www.census.gov/programs-surveys/acs/technical-documentation.html/ 
Source: US Census, American Community Survey, Table S2301-Employment Status
More details:
2020 ACS 1-year estimates not available
 
ACS employment and unemployment estimates may vary from the Bureau of Labor Statistics:  https://www.census.gov/topics/employment/labor-force/guidance/survey-differences.html; 
 

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Filed under: Economy / Employment, Social Determinants of Health, Workforce

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