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Vegas jobs grow

August 4th, 2018

New labor analysis has determined how Vegas jobs are growing.

According the Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, year-over-year employment increased in the State as a whole and in all three metropolitan statistical areas (MSAs).

Reno and Carson City both added jobs at a faster rate than the State as a whole this month. Statewide, jobs increased by 2.8 percent, which correlates to 37,600 new jobs added since June of last year.

In Las Vegas and Reno this is evident in the increase of jobs, while Carson City remained essentially unchanged over the month, growing by just 100 jobs while the unemployment rate declined in the majority of the state’s metropolitan areas.

“This month’s data also shows that labor force growth is concentrated in the State’s urban areas which have been experiencing strong employment increases. Clark County’s labor force is up 29,440, while Washoe’s has increased 9,170 compared to the first six months of last year. Both areas show an increase in employment and a decrease in unemployment. In each case, the decline in unemployment was more than matched by strong employment growth, leading to overall growth in the labor force. This shows us that unemployed Nevadans are finding jobs, and that the State’s population centers continue to draw in new workers,” said David Schmidt, Chief Economist, for Nevada’s Department of Employment, Training & Rehabilitation.

Job Growth In June (Seasonally-Adjusted):

Las Vegas gained 400 jobs over the month and 26,000 over the year (2.7 percent).

Reno added 700 jobs over the month and 8,600 over the year (3.7 percent), making it the fastest growing MSA in the state.

Carson City was up 100 jobs both over the month and over the year (3.3 percent)

Labor grant to connect veterans with Vegas jobs

August 4th, 2018

A new labor grant will help connect homeless veterans with Vegas jobs.

Nevada is expected to receive $250,000 in grant funding to help Nevada’s homeless military veterans gain employment. Specifically, the U.S. Department of Labor (DOL) directed $250,000 to the U.S. VETS – Las Vegas, which is located in Las Vegas, NV.

The grant funding comes from the DOL’s Homeless Veterans’ Reintegration Program (HVRP), which helps state, tribal, and local agencies and nonprofits provide homeless veterans with job training and placement. DOL Secretary Alex Acosta today unveiled a total of 163 HVRP grantees nationwide totaling $47.6 million, which is expected to help more than 18,000 homeless U.S. veterans.

“No veteran should be forced to live on the streets or in their cars after defending our country. That’s why I welcome the Department of Labor’s announcement that U.S. VETS – Las Vegas, which has been doing incredible work for our military heroes since 2001, has been awarded $250,000 to help our veterans gain employment,” said Heller. “My office has worked closely with U.S. VETS – Las Vegas, which recently opened its culinary training class. As a senior member of the Senate Veterans’ Affairs Committee representing 300,000 veterans living in Nevada, I will continue to make sure that important organizations on-the-ground, like U.S. VETS, have the federal resources and support they need to continue assisting the men and women who answered our nation’s call.”

In 2017, Heller introduced the Creating a Reliable Environment (CARE) for Veterans’ Dependents Act, bipartisan legislation to ensure that children of homeless veterans are eligible for services provided to that veteran by VA-funded facilities. Additionally, in 2012, he authored the Women’s Homeless Veterans Act, a bill to provide shelters and short-term housing to women who become homeless after serving in the military.

Vegas jobs added

August 4th, 2018

The newest labor statistics show that Vegas jobs have been added.

June marks the 90th straight month of year-over-year job gains in Nevada, with job growth continuing to hover near 40,000 jobs per month on a year-over-year basis.

According to the state Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, job growth was 2.8 percent, well above the national rate of 1.6 percent.

The state’s unemployment rate decreased by 0.1 percent to 4.7 percent in June.

“With 2,000 jobs added in June, Nevada continues to experience an ongoing healthy labor market and maintains improvement through the second quarter of 2018,” Governor Brian Sandoval said. “Additionally, the unemployment rate continues to decline in the state falling from 4.8% to 4.7% – a significant drop from nearly 14% in 2011. As we enjoy these positive trends, we should remain vigilant in continuing our efforts to ensure the Silver State’s economic success.”

DETR’s report also notes the state’s long-term unemployment rate (UR) figures included in the monthly Current Population Survey (CPS).

The long-term UR is the ratio of long-term unemployed to the total labor force. For the 12-month period ending in June 2018, the Silver State had a long-term unemployment rate of 0.9 percent, down 6.1 percentage points from its peak. As of June 2018 the number of Nevadans unemployed for 27 weeks or more stands at 12,900 compared to the height of the recession, when the state’s number of long-term unemployed in Nevada totaled 92,900.

“Employment rose and unemployment fell in June, reflecting the ongoing growth of Nevada’s labor market. Employment growth, while down slightly from the average pace seen over the last 12 months, still represents growth well above that of the nation as a whole. Declines in unemployment, increases in income and wages, and solid employment growth across several different industry sectors point to a healthy, tightening market for workers in the state,” said David Schmidt, Chief Economist for DETR.

Grants to affect Vegas jobs

July 8th, 2018

A number of new grants will go to support licensing reform for Vegas jobs, among other locations.

As part of the U.S. Department of Labor’s ongoing efforts to encourage occupational licensing reform, the Department announced the recipients of $7 million in grants to help states review and streamline their occupational licensing rules.

These investments support selected states’ analysis of relevant licensing criteria, potential portability issues, and whether licensing requirements are overly broad or burdensome.

Importantly, awardees will develop specific plans of action designed to reduce excessive licensing and consider the potential of alternative approaches to licensing that maintain the protection of public health and safety, such as professional certification.

“Excessive licensing can create economic barriers for Americans seeking a job, including veterans and military spouses, and hinder competitiveness for businesses,” said U.S. Secretary of Labor Alexander Acosta. “Because licensing is based on state law, states must take the lead in reforming the licensing system. These grants provide an opportunity to examine licensing criteria and remove burdens that limit competition and bar entry to employment.”

The Department is awarding grants – ranging from $240,000 to $1 million each – to nine states and two associations of state governments. In addition, the Department awarded $1.5 million to help transitioning service members and veterans meet civilian educational requirements for employment in selected civilian licensed occupations.

Grants go to fund transitioning to Vegas jobs

July 8th, 2018

A number of new grants are going towards reentry projects for Vegas jobs, among other locations.

The U.S. Department of Labor announced approximately $84,400,000 in Reentry Project grants awarded to 41 nonprofits and local and state governments. These projects will serve either young adults, between the ages of 18 to 24 who have been involved in the juvenile or adult justice system, or adults, ages 25 and older, formerly incarcerated in the adult criminal justice system.

These grants give organizations the opportunity to develop methods that maximize participants’ inclusion and integration into society, employment opportunities, family support, and economic and social self-sufficiency.

They intend to address the full range of challenges faced by justice-involved individuals transitioning back to the community. The Department awarded these grants to a combination of rural and urban projects located in high-crime, high-poverty communities. Awardees offer a range of services based on current evidence and proven research, as well as promising emerging practices.

Consistent with the President’s Executive Order on Expanding Apprenticeships in the United States, the Department awarded funding to organizations to create models that offer apprenticeship opportunities as well as increased employment outcomes for eligible participants.

“Individuals, families, communities and our economy as a whole are better off when the transition from the justice system to employment is successful,” said U.S. Secretary of Labor Alexander Acosta. “These reentry programs are designed to break the cycle of recidivism by providing assistance toward achieving meaningful employment.”

The intent of the Reentry Projects grant program is to protect community safety by ensuring that participants who successfully exit the program are provided with positive opportunities to engage in employment or education; become productive, responsible, and law-abiding members of society; maintain long-term employment; and establish a stable residence.

Manufacturing jobs in Vegas grow

July 6th, 2018

New labor projections suggest that manufacturing jobs in Vegas are growing.

According to the state Department of Employment, Training and Rehabilitation’s (DETR) May 2018 economic report, overall job growth remains near 40,000 jobs per month year-over-year, and job growth was 2.8 percent, well above the national rate of 1.6 percent. The state’s unemployment rate decreased by 0.1 percent to 4.8 percent, the lowest level since October 2007.

“As we move through the second quarter of the year, it is reassuring to see continued positive employment indicators for our state,” Governor Brian Sandoval said. “With private employment growth leading the nation and both average wages and full-time employment at record levels, it is clear that we are on the right path. We must be persistent in our workforce development and assistance efforts, however, because that is precisely what will facilitate the Silver State’s ongoing job growth.”

Additional May Economic Report Notes:  Nevada added 37,600 unadjusted jobs over the year, a growth rate of 2.8 percent.

Manufacturing has grown at the fastest rate in 2018 expanding by 17.3 percent year-to-date, with construction’s job gains corresponding to a gain of 7.8 percent.

Employment at small businesses, those with less than 100 employees, reached a new record high at 632,000, with the over-the-year gain recorded at 18,300.

Average Wages are at a new record high at $955 as compared to $924 during the same period last year, an increase of $31, or 3.3 percent, year-over-year.

Full Time Employment in May also saw a new high totaling 1,112,190.

Nevada’s unemployment rate dipped by 0.1 percent, the first decrease in nine months.

May’s initial claims for unemployment insurance totaled 9,800, down nearly 200 claims compared to last month.

Vegas jobs climb

June 6th, 2018

The number of Vegas jobs are growing, according to recent labor statistics.

According to the Department of Employment, Training and Rehabilitation’s (DETR) April 2018 economic report, job growth continued throughout the Silver State in April with slight increases in employment in all three metropolitan areas. Year-over-year employment increase persists in the State as a whole, while unemployment remained constant at 4.9%.

Job Growth In April (Seasonally-Adjusted):

o Las Vegas gained 1,600 jobs over the month and 30,500 over the year (3.2 percent).

o Reno added 800 jobs over the month and 9,500 over the year (4.1 percent).

o Carson City was up 800 jobs over the year (2.7 percent).

Unemployment:

o Las Vegas: five percent; down 0.3 percentage point from a year ago

o Reno: 3.9 percent; down 0.4 percentage point from a year ago

o Carson City: 5.2 percent; down 0.1 percentage point from a year ago

April unemployment rates ranged from 2.9 percent (Eureka) to six percent (Lyon). Elko, Eureka, Humboldt, and Washoe counties all had unemployment rates below four percent, the lowest such rates in the state.

Las Vegas and Reno continue to realize record highs in employment.

Information for 2016 shows personal income in Nevada reached $119 billion, up 1.7 percent from a year ago.

Las Vegas (up 2.3 percent) and Reno’s (up 1.9 percent) average personal income growth has exceeded that for the State in 2016.

The Reno-Sparks area was the top goods exporter in Nevada in 2016, shipping $2.4 billion worth of goods abroad. Washoe (+3,000) experienced the largest increase in job posting volume over last year, totaling 15,200 ads year-to-date.

Does balance mean Vegas jobs?

June 6th, 2018

A high balance in the unemployment insurance funds may mean there has been a growth of Vegas jobs.

Nevada’s Unemployment Insurance (UI) Trust Fund Ends First Quarter with Record Balance of $1.1 billion, while the state added 4,300 jobs and unemployment remains unchanged at 4.9%, according to the Department of Employment, Training and Rehabilitation’s (DETR) April 2018 economic report.

“As the first quarter of the year closes, I am encouraged by the Nevada’s Unemployment Insurance Trust Fund ending record-high balance of $1.3 billion, the highest solvency level in the fund’s history,” said Governor Brian Sandoval. “The record-high number of employers in the State’s UI System in the first quarter is also promising, as this contributes to the State’s Trust Fund fortifying Nevada’s position in the next recession, something we have been working on for the last 10 years.”

DETR’s report also notes that the total number of employers participating in the state’s unemployment insurance system rose above 70,000 for the first time at the end of the first quarter. This continued growth in the number of employers in the state helps drive total employment growth, at 3.4% in April, a rate that’s more than double the national rate of 1.6%.

“Although we are not seeing substantial changes in April, the state employment remains robust with an increase of 40,300 more Nevadans in the labor force, either working or actively seeking employment.” said David Schmidt, Chief Economist for DETR.

“The state’s total labor force at 1,488,829, is up about 12,000 from January. At this rate, the state will undoubtedly have a total labor force of over 1.5 million before the end of the year.”

Engineering majors in demand for Vegas jobs

May 27th, 2018

Engineering majors may be in demand for Vegas jobs, according to a recent survey from Careerbuilder.

Employers say they are planning to hire more recent college graduates this year than they have in more than a decade, according to new CareerBuilder research. Eighty percent of employers say they plan to hire college graduates this year, up from 74 percent last year and 58 percent in 2008. Those who are not hiring college grads say it’s because their organization isn’t expanding headcount this year (57 percent) or they need more experienced workers (26 percent).

Nearly half (47 percent) plan to offer recent graduates higher pay than last year, and a third of employers will be paying a starting salary of $50,000 or more. Forty-five percent anticipate no change in salary compared to last year and 8 percent plan to decrease.

While the majority of employers say academic institutions are adequately preparing students for roles needed in their organization (82 percent), that doesn’t necessarily mean graduates have the job-seeking skills needed to land the job. Employers said that over the past year, more than half of recent college graduates:

  • Didn’t send a thank you note: 37 percent
  • Didn’t know anything about the company: 35 percent
  • Didn’t submit a cover letter: 31 percent
  • Didn’t ask any questions in the interview: 29 percent
  • Didn’t have professional references: 26 percent
  • Had poor grammar on their resume: 26 percent
  • Had unprofessional pictures on their social media profiles: 21 percent
  • Checked their mobile phone during the interview: 19 percent

Employers hiring recent college graduates this year state the following majors are the most in-demand at their firms:

  • Business: 35 percent
  • Engineering: 22 percent
  • Computer and information sciences: 18 percent
  • Engineering technologies: 13 percent
  • Communications technologies: 11 percent
  • Health professions and related clinical sciences: 11 percent
  • Math and statistics: 9 percent
  • Science technologies: 7 percent
  • Mechanic and repair technologies: 6 percent
  • Public administration and social services: 6 percent
  • Construction trades: 6 percent
  • Communication and journalism: 5 percent
  • Education: 5 percent
  • Transportation and materials moving: 5 percent
  • Liberal arts and sciences, general studies and humanities: 5 percent

 

Small business jobs in Vegas grow

May 6th, 2018

The number of small business jobs in Vegas have grown, according to recent labor statistics.

Small business employment continues to set records in Nevada and in Vegas. Nearly 115,000 jobs added over the course of the recovery.

Small businesses in Nevada have made great contributions to the improvement in the Silver State’s labor market in recent years.

At nearly 625,000 jobs in the second quarter of this year, employment in these establishments has rebounded sharply from the recessionary low of 510,000 in early-2010. Compared to a year ago, small business employment in Nevada during the April-June period is up by nearly 22,000, which translates into the strongest gain registered over the recovery period.

Jobs have been trending at record highs for the past two years. These findings are consistent with the overall improvement in the labor market. All told, in establishing a new record-high, total employment is up 240,000 from its recessionary low in the Silver State.

Employment in Nevada firms with less than 100 employees totaled 625,000. This represents a new record high surpassing the prior record set in 2016:IVQ by just over 11,000 jobs.

It also marks the ninth-consecutive quarter in which the pre-recessionary peak has been exceeded.

All told, the 21,900 year-over-year job gain recorded in this year’s second quarter translates into the 26th consecutive quarter of annualized growth. In addition, it represents the strongest gain recorded since the recovery began.

Prior to the recession, small business employment peaked at nearly 586,000 in 2007.

As the downturn unfolded, small business jobs fell to 510,000. Hence, nearly 115,000 jobs have been added to small business payrolls in the Silver State since the recovery began.

Small business employment accounts for 53.4 percent of all private employment. This is consistent with trends evident since the recovery began, as small business’ job share has held in a fairly narrow range.