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Retail cuts in Vegas occur

January 8th, 2019

New labor statistics from Challenger, Gray, and Christmas show that retail cuts in Vegas occurred in December.

Employers at U.S.-based companies announced plans to cut 43,884 workers from their payrolls during the month, the year-to-date total is nearly 29 percent higher than last year and the highest total since 2015, according to a report by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

In 2018, 538,659 job cuts were announced, 28.6 percent higher than the 418,770 announced in 2017. This is the highest annual total since 598,510 cuts were recorded in 2015, and the second-highest total since 2011, when 606,082 cuts were announced.

During the final quarter of the year, employers announced 172,601 job cuts, 42.8 percent higher than the 120,879 recorded in the third quarter and 77.4 percent higher than the 97,292 announced in the same quarter last year. This is the highest quarterly total since the first quarter of 2016, when 180,920 cuts were announced (see Table 5).

Last month’s job cut total is 17.3 percent lower than the 53,073 cuts announced in November and 35.3 percent higher than the 32,423 cuts announced in the same month last year.

Through December, retailers announced 98,563 cuts, 29.5 percent higher than the 76,084 announced last year. Retail cuts comprise 18.3 percent of all announced cuts this year.

Retailers began closing stores en masse in 2017, leading to large-scale layoff announcements through the end of this year. Challenger tracked 3,886 announced store closures from Retailers in 2018, after 9,801 announced closures in 2017.

Major job cut announcements in Retail came from Toys“R”Us, which closed its doors in March. Challenger tracked 30,000 cuts at that time due to the company’s bankruptcy. Meanwhile, Sears has been steadily cutting jobs and closing stores. Using WARN reports and local news stories, Challenger tracked 10,016 planned cuts at Sears and Kmart stores this year.

Manufacturing jobs in Vegas climb

January 7th, 2019

New data shows that manufacturing jobs in Vegas may be climbing, according to recent statistics.

Nevada saw 5,100 new jobs in October, seasonally-adjusted, bringing total employment to 1,397,900. This month’s over-the-month gain was 3,600 jobs higher than the Statewide increase seen in October of 2017.

The September estimate was revised down by 1,300, bringing the total two-month gain to 6,600 jobs.

October’s positive seasonally adjusted gain comes as a result of the State adding 8,600 jobs, unadjusted, when only 3,500 jobs were expected to be added based on historical patterns. The private sector saw the largest share of gains, adding 6,100 jobs, while the public sector lost 1,000.

Year to date, manufacturing is growing at the fastest rate (up 13.7 percent), after adding 6,500 through October (versus the same period last year).

Construction has added the most jobs, with a gain of 7,700 or 9.3 percent.

Other services grew by 4.9 percent and education and health services grew by 4.8 percent. Information remains the only sector to see fewer jobs year to date.

The Silver State has added 45,800 jobs since the same month last year, a gain of 3.4 percent.

National employment grew by 1.7 percent over the period, meaning the Silver State is growing twice as fast as the national average.

Nevada jobs grow

January 7th, 2019

A number of Nevada jobs have been added, according to labor statistics.

Nevada added 5,200 jobs over the month and 51,900 jobs over the year, according to the state Department of Employment, Training and Rehabilitation’s (DETR) November 2018 economic report.

The 51,900 jobs added over the last year was the largest annual increase in over 12 years, and the growth rate of 3.8 percent was among the fastest the state has seen since before the recession.

The state’s unemployment rate in November 2018 was unchanged over the month, remaining at 4.4 percent. Compared to last November, the state’s unemployment rate is down half a percentage point.

Total employment rose by 3.8% over the year, above the high end of the range seen over the last year (2.8 – 3.5%), and more than double the current U.S. growth rate (1.7%).

As of second quarter of 2018, Nevada ranks 3rd in the nation fastest-growing private sector.

As of second quarter of 2018, employment in Nevada’s small business, firms with less than 100 employees, totaled nearly 646,000.

As defined by the U.S. Bureau of Economic Analysis, Nevada gross domestic product totaled over $148 billion (in 2012 dollars) in this year’s second quarter (In “current” dollars, this equates to over $168 billion).

Manufacturing jobs in Vegas get a boost

December 5th, 2018

The number of manufacturing jobs in Vegas have grown, according to industry reports.

The state’s unemployment rate declined by 0.1 percentage point over the month, to 4.4 percent, in October 2018. This month the state’s unemployment rate is down half a percentage point over the year. Overall job growth is up 45,800 jobs and grew by 3.4 percent year-over-year. Nevada’s over the year job growth rate has remained at or over three percent since July of this year.

“Nevada’s job market continues to expand at a brisk pace, doubling the pace of national job gains over the past year which was near the high end of our recent trend. Employment expanded significantly across many industries including Construction, Professional & Business Services, and Manufacturing, and continued to drive down unemployment in the state.” said David Schmidt, Chief Economist for DETR.

Additional October Report Notes:

The Statewide unemployment rate fell by 0.1 points to 4.4% – the lowest since June 2007. This rate is 0.7 points above the U.S. rate in October (3.7%), and 0.6 points above Nevada’s all-time low unemployment rate (3.8%).

Total employment rose by 3.4% over the year, near the high end of the range seen over the last year (2.8 – 3.5%), and double the current U.S. growth rate (1.7%).

The construction industry’s year-to-date average employment growth continues to experience the largest nominal gains over the same period last year, increasing by 9,500 jobs or 11.4 percent, bringing total jobs in that industry to 92,900.

Manufacturing remains the fastest-growing industry, growing by 13.8% over the year.

Nevada’s Unemployment Trust Fund balance sits slightly in excess of $1.5 billion, another record level. This current balance could pay 5.2 years of benefits at the current payment rate ($5.5 million per week), or 1.2 years of benefits in a recession like the Great Recession.

Vegas construction jobs grow

December 5th, 2018

The number of Vegas construction jobs have grown, according to recent labor statistics.

The state’s unemployment rate declined by 0.1 percentage point over the month, to 4.4 percent, in October 2018. This month the state’s unemployment rate is down half a percentage point over the year. Overall job growth is up 45,800 jobs and grew by 3.4 percent year-over-year. Nevada’s over the year job growth rate has remained at or over three percent since July of this year.

Additional October Report Notes:

The Statewide unemployment rate fell by 0.1 points to 4.4% – the lowest since June 2007. This rate is 0.7 points above the U.S. rate in October (3.7%), and 0.6 points above Nevada’s all-time low unemployment rate (3.8%).

Total employment rose by 3.4% over the year, near the high end of the range seen over the last year (2.8 – 3.5%), and double the current U.S. growth rate (1.7%).

The construction industry’s year-to-date average employment growth continues to experience the largest nominal gains over the same period last year, increasing by 9,500 jobs or 11.4 percent, bringing total jobs in that industry to 92,900.

Manufacturing remains the fastest-growing industry, growing by 13.8% over the year.

Nevada’s Unemployment Trust Fund balance sits slightly in excess of $1.5 billion, another record level. This current balance could pay 5.2 years of benefits at the current payment rate ($5.5 million per week), or 1.2 years of benefits in a recession like the Great Recession.

Goodwill creates veterans jobs in Vegas

December 5th, 2018

Goodwill is starting a new program and creating more veterans jobs in Vegas.

Goodwill of Southern Nevada opened its third Career Center. The new center is located inside the Goodwill thrift store at 741 South Rainbow Dr. in Las Vegas and is the new home of Goodwill’s Veteran Integration Program. The new Career Center is supported by a $1.4 million grant from the U.S. Department of Labor’s Employment and Training Administration. The grant was awarded to Goodwill on October 1, 2018 specifically to serve transitioning military members and their families.

“We are proud to be a part of creating new opportunities for veterans seeking civilian employment in Southern Nevada,” said John Helderman, interim CEO for Goodwill of Southern Nevada. “In 2018 alone, Goodwill has helped nearly 1,400 veterans or their family members with employment services in the Las Vegas area.”

The Goodwill Veteran Integration Program helps equip veterans and military families with tools specifically designed to help them transition from military service to civilian employment, including dress etiquette, skills training, resume writing, interview preparation, job placement, and supportive services, such as assistance with clothing or transportation. The program also offers on-the-job training and, in some cases, will pay for occupational skills training. All Goodwill team members operating the new Career Center are veterans themselves, thus they are uniquely qualified to understand the challenges veterans face when transitioning out of the military. By providing veteran career coaches to assist with intensive case management, Goodwill works to help unemployed and underemployed veterans and their families overcome barriers to civilian employment in Southern Nevada.

“The Veteran Integration Program provides job seeking veterans and their families more than job training, it provides a full set of tools they need to support themselves,” said Helderman. “We are actively developing partnerships with local employers, which will enable Goodwill to connect a skilled veteran workforce with in-demand jobs.”

Templates focus on Vegas jobs

November 7th, 2018

New templates for background checks will help those hiring for Vegas jobs.

The Nevada Equal Rights Commission (NERC) will soon debut online templates to assist and educate Nevada public employers in complying with state law regarding conducting criminal history (background) checks on potential employees.

The templates will debut online on NERC’s webpage at www.nvdetr.org/nerc.htm in the upcoming week.

“We are pleased to be able to provide these online templates for Nevada public employers and in educating and assisting them in complying with state law,” said Kara Jenkins, Administrator for the Commission.

“The law does not require the use of these templates, but rather we hope they may be utilized as tools for all employers, both public and private employers.”

The state requires public employers (state, city, incorporated city or unincorporated town, town board, county and local level[s] of government) to ensure careful consideration and fairness to all qualified applicants (for classified and unclassified service) including those applicants that may have a criminal history or “record.”

Failure to do so may result in a NERC charge, investigation and settlement at employer’s expense. Additional guidance is available on NERC’s website.

Vegas administrative jobs grow

November 7th, 2018

A number of Vegas administrative jobs have grown, according to recent labor statistics.

The state’s unemployment rate remained unchanged in September by holding steady at 4.5 percent over the month, but is down 0.4 percentage point over the year.

Overall job growth is up 45,300 jobs and grew by 3.2 percent year-over-year.

Nevada’s over the year job growth rate has remained at or over three percent since July of this year, according to the state Department of Employment, Training and Rehabilitation’s (DETR) September 2018 economic report.

“The conditions of the State’s labor market continue to fare well. Job growth has been fairly consistent of late, and appears to be trending at about 40,000 new jobs, on an annualized basis. Initial claims for unemployment insurance continued to improve this month and are at the lowest levels they’ve been in two decades. Another positive indication of Nevada’s recovery that should be noted is the improvement in the long-term unemployment rate, which remained high well into the current expansion. The longterm rate is 0.8 percent and is back to levels consistent with a healthy labor market.” said David Schmidt, Chief Economist for DETR.

The Statewide unemployment rate at 4.5% remained unchanged from last month, but is down 0.4 percentage point over the year.

Unemployment in all age groups is on the downward trend and remains the lowest rate since July 2007.  Over the month, seasonally-adjusted employment grew by 2,800 jobs to 1,394,100.

The state added 43,500 jobs over the year (seasonally-adjusted), a gain of 3.2 percent.

Initial claims for unemployment insurance (UI) benefits decreased to 8,289, the lowest level for any month since 1998.

Vegas jobs climb

November 5th, 2018

New labor statistics bring news that Vegas jobs have climbed.

In Nevada, overall job growth increased to nearly 46,000 jobs year-over-year. At 3.4 percent growth, this is the largest increase since June 2017.

The state’s unemployment rate decreased by another 0.1 percent to 4.6 percent, the lowest level since August 2007.

“This month’s record numbers in job growth, number of employers in the state’s Unemployment Insurance System and Nevada’s Trust Fund balance at nearly $1.3 billion, is encouraging for our state and continues to strengthen Nevada’s economic standing,” said Governor Brian Sandoval. “Combined with a diminishing unemployment rate, the Silver State continues to build on our position for the future.”

Unemployment declined by 0.1 percentage point, the third decline seen so far this year.

The last time Nevada’s unemployment rate was this low was August, 2007.

July’s (seasonally-adjusted) over-the-month job gain of 9,500 was the largest over-the-month increase (next to July 2016) since the end of the recession.

The state added 46,000 jobs over the year (seasonally-adjusted).

Manufacturing employment has grown by 14% year to date.

Another record-high number of employers in Nevada’s unemployment insurance system, at 70,960 at the end of 2018’s 2nd Quarter.

Nevada’s Trust Fund balance is at nearly $1.3 billion at the end of the 2nd quarter.

Retailer hiring for customer service jobs in Vegas

October 9th, 2018

One company is ramping up for the holiday season and hiring for customer service jobs in Vegas.

Macy’s plans to hire approximately 80,000 seasonal colleagues for positions at its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2018 holiday season. Macy’s anticipates a strong and successful holiday shopping season.

Macy’s, Inc.’s 2018 seasonal hiring plan includes the following:

Approximately 23,500 of the 80,000 total seasonal positions will be based in direct-to-consumer fulfillment facilities that support sales generated by the company’s omnichannel business strategy.

This is an increase of 5,500 positions compared to 2017 to ensure customers receive the service and seamless omnichannel experience that they expect during this important time of year.

These positions are located in megacenters in Goodyear, AZ; Cheshire, CT; Tulsa, OK; Portland, TN; and Martinsburg, WV, as well as in product-specific fulfillment centers in Sacramento, CA; Stone Mountain, GA; Secaucus, NJ; and Joppa, MD.

Approximately 1,500 colleagues will be hired to interact with customers via telephone, email and online chat at customer service centers in Mason, OH; Clearwater, FL; and Tempe, AZ.

Approximately 1,000 people will be hired across the country to support the 92nd annual Macy’s Thanksgiving Day Parade, Santalands and other iconic holiday events.