State Minimum Wage Rate for Nevada
This dataset tracks state minimum wage rate for nevada over time.
Latest Value
12.00
Year-over-Year Change
45.45%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Nevada tracks the minimum hourly wage that employers must pay workers in the state. This metric is important for monitoring labor market dynamics and assessing the impacts of minimum wage policies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Minimum Wage Rate for Nevada represents the legally mandated minimum hourly pay that employers in the state must provide to their workers. This key labor market indicator is used by policymakers, economists, and businesses to understand trends in wage levels and the potential effects of minimum wage changes.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Historical Context
The Nevada minimum wage rate is a critical input for assessing the state's cost of living, consumer purchasing power, and overall economic competitiveness.
Key Facts
- Nevada's minimum wage is currently $10.50 per hour.
- The state's minimum wage has increased by $1.75 over the past 5 years.
- Approximately 4% of Nevada workers earn the minimum wage or less.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Nevada tracks the legally mandated minimum hourly pay that employers in the state must provide to their workers.
Q: Why is this trend relevant for users or analysts?
A: The Nevada minimum wage rate is a key indicator for understanding labor market dynamics, cost of living, and the potential economic impacts of minimum wage policies in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in Nevada.
Q: How is this trend used in economic policy?
A: The Nevada minimum wage rate is used by policymakers, economists, and businesses to assess the state's competitiveness and the potential effects of minimum wage changes on the labor market and overall economy.
Q: Are there update delays or limitations?
A: The Nevada minimum wage data is typically updated on an annual basis, with a lag of several months from the end of the reference year.
Related News
U.S. Job Growth Slowdown Affects Unemployment Rate
The Impact of Weak Job Growth on the US Unemployment Rate The unemployment rate has always been a vital gauge to understand the United States' economic health. Recent times have brought this indicator into sharper focus, especially as weak job growth continues to challenge the nation’s economy. The pressures of a sluggish labor market may lead to more significant economic consequences, impacting not just the workforce but the broader fiscal landscape. Weak job growth, leading to an increased un
Falling Mortgage Rates: Expert Advice for U.S. Homebuyers and Sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
Unpredictability of Interest Rate Direction in the United States
Navigating the Unpredictability of Interest Rates Interest rates have turned into one of the most unpredictable elements in the American financial landscape. This unpredictability stems largely from the nuanced decisions of the Federal Reserve, often referred to as the Fed, whose policies ripple through financial markets, influencing borrowing costs for everyone from ambitious entrepreneurs to families securing mortgages. The web of economic indicators, which serves as the backbone for interest
Impact of U.S. Treasury Yields Rise After Fed Rate Cut
The Impact of a Treasury Yield Rise on the U.S. Economy After a Fed Rate Cut The current rise in the 10-year Treasury bond rate has caught the attention of economists, investors, and policymakers alike. Treasury yields, particularly the 10-year Treasury bond rate, act as a key indicator of the economic outlook in the United States. They affect interest rates, the bond market, and expectations for inflation. Understanding their fluctuations can offer insight into financial markets and help guide
U.S. Jobless Claims Spike, Followed By Decline, Layoffs Remain Low
U.S. Jobless Claims Spike and Decline: Insights into Labor Market Trends U.S. jobless claims recently spiked, only to decline soon after, highlighting interesting patterns in the labor market. At the heart of these shifts lies a tale of layoffs and employment dynamics that paint a picture of the U.S. economy's current state. These fluctuations in jobless claims explain broader economic metrics like the unemployment rate and employment rate. This overview offers a window into the complex interpl
Federal Reserve reduces U.S. interest rates, plans further cuts in 2025
Federal Reserve's Strategic Interest Rate Cut in Focus The Federal Reserve's strategic interest rate cut is a significant move in today's economic climate. As the central banking system of the United States, the Federal Reserve plays a crucial role in setting monetary policy to influence the nation's economy. An interest rate cut defines the decision to lower the cost of borrowing, typically aimed at stimulating economic growth. This latest decision could have considerable effects on the U.S. e
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Nevada (STTMINWGNV), retrieved from FRED.