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Archive for December, 2017

Education jobs in Vegas burgeon

Friday, December 8th, 2017

The number of education jobs in Vegas is growing, according to recent labor statistics.

Employment growth in Nevada remains strong in October, as the State surpassed 1.35 million jobs, seasonally adjusted, after adding 2,800 payroll positions since September. The State was expected to gain 3,700 jobs, based upon historical trends, but actually added 6,500, resulting in the seasonally-adjusted gain.

This corresponds to an increase of 36,600 jobs since October of last year, a growth of 2.8 percent.

Nationally, employment only grew by 1.4 percent over the year, making October both the 82nd consecutive month of year-over-year job gains in the Silver State and the 63rd straight month that job growth in the State has outpaced national growth.

Professional and business services have added the most jobs year-to-date, with 10,200 more jobs than the same period last year. Construction (+8,800), leisure and hospitality (+6,400), and education/health services (+5,800) follow.

Construction has added jobs at the fastest rate year-to-date, growing 11.7 percent over the same period last year. Information remains the only sector to see job losses through the first ten months of the year, with 100 fewer employed than last year.

The difference between the number of gross job gains and the number of gross job losses solely attributable to opening and closing establishments yielded a net employment gain of 3,200 jobs in the private sector during 2017:IQ. Net job growth from openings/closings is the second-highest since the recovery began. All told, net job growth has been positive in 21 of the past 22 quarters.

Construction jobs in Vegas climb

Friday, December 8th, 2017

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

Nevada employment levels rose to yet another record in October, surpassing 1.35 million for the first time.

The Silver State’s employers have added more than 240,000 jobs since the recovery began in late 2010.

Job growth has exceeded the national average in each of the past 63 months. In fact, our most recent calculations show that job gains in Nevada are the strongest in the nation.

The jobless rate currently stands at five percent, after peaking at nearly 14 percent during the recession.

Highlights:

Nevada added 2,800 jobs over the month, with total employment surpassing 1.35 million jobs.

The State gained 36,600 jobs since October of last year, a growth of 2.8 percent, compared to 1.4 percent nationwide.

The unemployment rate ticked up 0.1 percentage point to five percent in October, down from 5.3 percent a year ago.

Nevada’s labor force has expanded by 18,400 year to date, versus the same period last year.

This is a growth of 1.3 percent, compared to 0.7 percent nationwide.

Nevada’s Unemployment Insurance Trust Fund ended the third quarter with a record-high balance of $1.0 billion.

Vegas jobs climb

Friday, December 8th, 2017

The latest labor statistics show that Vegas jobs are climbing.

Unemployment rates in Nevada’s metro areas varied from August, but decreased over the year.

In Las Vegas, the unemployment rate stayed the same from August at 5.2 percent, but is down 0.4 of a percentage point from September of last year.

Reno’s unemployment rate is at 4 percent, down 0.1 of a percentage point from August and down 0.6 of a percentage point from last year.

The unemployment rate in Carson City is up 0.1 of a percentage point over the month, to 4.8 percent, but is down 0.8 of a percentage point over the year.

For 13 consecutive months, unemployment rates have declined on an over-the-year basis in all 17 of the state’s counties, said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation.

Rate declines ranged from 1.8 percentage points (Lander) to 0.2 of a percentage point (Esmeralda). All counties remained at or below 6.5 percent unemployment in September.

“The metro area economic indicators continue to follow statewide positive trends,” Anderson said. “As reported last week, the statewide unemployment rate stands at 4.9 percent. Employers continue to add jobs. Despite a slight uptick in new jobs statewide, Nevada’s largest population centers saw mixed job growth in September.”

Year-over-year Job Growth in September

Nevada: 32,300 jobs (growth rate of 2.5 percent)

Reno: 5,500 jobs (growth rate of 2.5 percent)

Las Vegas: 21,600 jobs (growth rate of 2.3 percent)

Carson City: employment unchanged from last September