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Archive for March, 2013

Vegas employment looking better

Tuesday, March 26th, 2013

A recent labor poll shows that the economic situation, including Vegas jobs, is looking up.

Nevada’s unemployment rate fell to seasonally adjusted 9.7 percent in January, which is the 18th straight month the state has seen a decline in the number of people unemployed.
The non-seasonally adjusted unemployment rate in the Las Vegas-Paradise Metropolitan Statistical Area (MSA) stood at 10.2 percent, down 2.3 percentage points since last January. In the Reno/Sparks MSA, the unadjusted rate was 10.6 percent, compared to a 12.5 percent rate last year. The unemployment rate in Carson City is down 1.8 percentage points since last year and stood at 11.2 percent in January 2013.
Nevada’s unemployment rate has been on a downward path since early 2011 and recently fell into the single digits in December said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation (DETR).
“The state’s economy continued to produce new jobs at a decent pace, adding
a seasonally adjusted 6,600 jobs over-the-month,” Anderson said. “Nevada’s over-
the-year job growth rate of 2.5 percent (January-January) is a full percentage point higher than national growth for the same period. Taken as a whole, most economic andlabor market barometers are pointing in a positive direction, so we maintain an outlook of improvement in the job market in 2013 as momentum con
tinues to build in the recovery.”
From December to January, employment increased in five major industries, and declined in another five. The top three sectors adding jobs include leisure and hospitality (+4,200), trade/transportation/utilities (+2,000), and government (+1,500). The bottom three sectors losing jobs were professional and business services (-900), construction (-500), and education and health services (-300).

Vegas job market looking good

Tuesday, March 12th, 2013

The Vegas job market is predicted to be much stronger, according to a Manpower analysis.

Las Vegas-Paradise, NV MSA employers expect to hire at a healthy pace during Quarter 2 2013.

Job prospects appear best in Construction, Transportation & Utilities, Information, Financial Activities, Professional & Business Services, Education & Health Services, Leisure & Hospitality, Other Services and Government. Employers in Durable Goods Manufacturing plan to reduce staffing levels, while hiring in Nondurable Goods Manufacturing and Wholesale & Retail Trade is expected to remain unchanged.

“Hiring activity is expected to improve considerably during the second quarter of 2013 compared to the first quarter of 2013 when the Net Employment Outlook was 3%,” said Manpower spokesperson Andy Katz. “Employers also expect much more robust employment prospects compared with one year ago when the Net Employment Outlook was 5%.”

From April to June, 22% of the companies interviewed plan to hire more employees, while 6% expect to reduce staff. Another 69% expect to maintain their current workforce levels and 3% are not certain of their hiring plans. This yields a Net Employment Outlook* of 16%.

Of the more than 18,000 employers surveyed in the United States, 18 percent expect to add to their workforces, and 5 percent expect a decline in their payrolls during Quarter 2 2013. Seventy-three percent of employers anticipate making no change to staff levels, and the remaining four percent of employers are undecided about their hiring plans. When seasonal variations are removed from the data, the Net Employment Outlook is +11%, stable compared to the Quarter 1 2013 Net Employment Outlook of 12%.