From July 2017 to July 2018, employment in the Las Vegas metro area grew 3.9 percent, according to the Bureau of Labor Statistics. Employment grew faster in only one U.S. metro area, Orlando, at 4.3 percent. Raleigh, North Carolina’s 3.9 percent employment growth tied that of Las Vegas.
Employment growth notwithstanding, average earnings aren’t keeping up with inflation. July-to-July average weekly earnings, in the Las Vegas area rose 2.6 percent, while the national consumer price index rose 2.9 percent over the same period; in western states, the CPI rose 3.6 percent.
Nationally, real earnings — seasonally adjusted and counting inflation — fell 0.4 percent from July to July.