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Archive for January, 2013

An increase in Vegas construction jobs may be on the horizon

Wednesday, January 30th, 2013

A recent survey predicts that Vegas construction jobs may be growing.

LeaseQ, a provider of commercial and construction equipment leasing and financing, is forecasting a slow but steady improvement for the construction industry in 2013. This based on data that may be signaling the end of a five year hemorrhaging of jobs from the market.

The government’s monthly jobs reports, released last week, showed modest growth in December, with the economy adding 155,000 jobs. The unemployment rate remained at 7.8%.

One fifth of the jobs created were in the construction market, making this only the third time since the end of the recession in June of 2009 that the industry has added more than 30,000 workers. The hiring surge capped off one of the largest gains ever seen over a three month period since the recession began in 2007.

“These jobs have been the backbone of the middle class for many, many years,” said Arne L. Kalleberg, a professor at the University of North Carolina at Chapel Hill and author of “Good Jobs, Bad Jobs.” “Now they’re coming back.”

The number of new homes under construction hit a record 800,000 in September, the first time that particular milestone had been reached in more than 4 years, and it remained there throughout the fall. Permits are being applied for on more the 900,000 homes, and housing prices in hard hit areas such as Phoenix AZ have actually risen for 13 months in a row.

Imrpovements like this are seen as a means to help the high unemployment rate among young men, which is one of the areas of the unemployment populace that has been slow to recover. It is believed that the current construction boom will give this demographic more of a chance in 2013.

Unemployment rate in Vegas declines

Sunday, January 13th, 2013

The unemployment rate in Vegas took a nosedive last month, according to the latest stats from the Bureau of Labor Statistics.

Forty-one large areas reported over-the-year unemployment rate decreases, six registered increases, and two had no change. Las Vegas-Paradise, Nev., experienced the largest unemployment rate decline from November 2011 (-2.6 percentage points). The next largest decreases were reported in Tampa-St. Petersburg-Clearwater, Fla. (-2.2 percentage points), and Orlando-Kissimmee-Sanford, Fla.

The highest unemployment rate in November was registered in Riverside-San Bernardino-Ontario, Calif., 11.3 percent. The lowest jobless rates among the large areas were recorded in Oklahoma City, Okla., and New Orleans-Metairie Kenner, La., 4.5 and 4.7 percent, respectively.

In November, 29 metropolitan areas reported jobless rates of at least 10.0 percent, down from 68 areas a year earlier, while 192 areas posted rates below 7.0 percent, up from 129 areas in November 2011. Yuma, Ariz., and El Centro, Calif., recorded the highest unemployment rates in November 2012, at 27.5 and 26.6 percent, respectively.

Bismarck, N.D., registered the lowest unemployment rate, 2.6 percent. A total of 217 areas recorded November unemployment rates below the U.S. figure of 7.4 percent, 146 areas reported rates above it, and 9 areas had rates equal to that of the nation.

Atlantic City-Hammonton, N.J., reported the largest over-the-year jobless rate increase (+2.2 percentage points). The only other increase larger than 1.0 percentage point was recorded in Yuma, Ariz.

The largest over-the-year unemployment rate decline in November was registered in Pascagoula, Miss.

Twenty-five of the metropolitan divisions recorded over-the-year jobless rate decreases in November, while eight registered increases and one had no change. West Palm Beach-Boca Raton-Boynton Beach, Fla., posted the largest rate decline from a year earlier (-1.9 percentage points), followed by Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla., and Los Angeles-Long Beach-Glendale, Calif. (-1.8 points each). Eight additional divisions had decreases of more than 1.0 percentage point. Edison-New Brunswick, N.J., reported the largest over-the-year unemployment rate increase.

The BLS reports that employment rose in all 37 metropolitan areas with annual average employment levels above 750,000 in 2011. The largest over-the-year percentage increases in employment in these large metropolitan areas were posted in Austin-Round Rock-San Marcos, Texas.

The ease of finding jobs in Vegas

Thursday, January 3rd, 2013

According to a recent poll, job seekers are saying that good jobs in Vegas (and cities nationwide in general) are easier to find.

The survey was conducted by FPC, a national executive search firm with close to 70 franchise offices.

Of the approximately 1,300 professionals who responded to a recent Workplace Web Poll, 49% of respondents indicated that there are more good job openings than there were a year ago, or that their company hiring had increased over last year. Just over a third reported a continued lack of job openings in their field, or that their company was holding off on hiring new employees, and 16% of respondents were unsure.

Ron Herzog, CEO & President of FPC, said, “Nearly half of job seekers we surveyed reported more hiring activity in their field than a year ago, while half of the job seekers said they have turned down a job offer in their current or more recent job search. These responses are consistent with the overall trend our FPC offices are seeing in the marketplace. There are more competitive jobs out there, and strong candidates with in-demand skills are receiving multiple offers in what has become a very tight talent market. ”

Just under half of respondents reported turning down a job offer due to either inadequate compensation, because the hiring company wasn’t a good fit, or because they did not want to relocate for that position. 21% of respondents indicated they had accepted the first job offer they received, while 31% have not received a job offer.

About 68% of respondents reported starting a new job within 6 months of beginning their most recent job search, with 17% starting a new position between 6 months and one year of starting their search. 8% of respondents indicated they searched for more than one year before starting a new job, and an additional 7% searched for more than 2 years.