Las Vegas is still coping with one of the nation’s highest unemployment rates among big metro areas amid ongoing economic uncertainty and the severe decrease in the number of visitors, says a fresh report from the Bureau of Labor Statistics
In June, we reported on the Las Vegas metropolitan area ending 2024 with an unemployment rate of 5.9%,the highest of all major metro areas in the U.S.
Things haven’t changed a lot this year, according to a recent U.S. Bureau of Labor Statistics report that currently names Las Vegas as the third-largest metro region in terms of jobless rates at 5.8%. The area is only surpassed by California’s Riverside at 5.9% and Fresno at 8.5%.
Dropping Tourism, the Main Culprit
While the unemployment figure has slightly dropped since earlier this year, it continues to be persistently high, with declining tourism numbers playing a crucial role.
June’s visitor volume went down more than 11% compared to the same month last year, reaching just under 3.1 million, according to the Las Vegas Convention and Visitors Authority…