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Archive for February, 2018

Education jobs in Vegas grow

Tuesday, February 6th, 2018

According to recent labor statistics, education jobs in Vegas are climbing.

The State continues to see positive trends across a range of measures, including ongoing job gains, the fastest-growing private sector in the nation, strong small business employment, and relatively low unemployment rates and unemployment insurance claims activity.

Personal income is the income received by all persons from all sources: net earnings, property income, and personal current transfer receipts.

It is one of the broadest measures of economic activity at the state-level. Information through the third quarter of 2017 shows that personal income in Nevada reached $134 billion, up 2.2 percent from a year ago. In fact, personal income has increased in 29 of the past 30 quarters, following seven straight.

The Census Bureau produces population estimates each year, allowing the public to gauge the growth and demographic composition of the nation, states and communities. State estimates for 2017 have recently been released. These estimates show Nevada’s population at three million in 2017, up from 2.94 million in 2016, an increase of 60,000. This translates into a two percent gain, second-strongest in the nation.

Population growth often correlates with the overall health of the economy. Prior to the recession, as our economy boomed, Nevada’s population growth consistently ranked at the top. 2017’s ranking is most likely due, at least in part, to the Silver State’s improving economy and labor market.

Professional and business services added the most jobs throughout 2017, with a gain of 10,000 from 2016, or 5.7 percent. Construction far outpaced any other industry in terms of the rate of growth, adding 11.9 percent or 9,100 jobs. Education/health services came in third by both metrics, adding 5,800 jobs or 4.5 percent. Information remained the only sector to see fewer jobs throughout the year, lagging just 100 jobs behind 2016’s totals.

Vegas jobs added

Tuesday, February 6th, 2018

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

Nevada’s personal income has increased in 29 of the past 30 quarters.

The Silver State had the second-fastest growing population in the nation in 2017.

Population growth totaled 60,000 for the year.

Nevada added 7,600 jobs in December from the previous month, or 40,900 over the course of 2017.

The unemployment rate remained unchanged at five percent in December. For all of 2017, the jobless rate averaged 4.9 percent, down from 5.7 percent in 2016.

The number of long-term unemployed in Nevada peaked at 92,900 during the recession, but currently stands at just 15,100.

In December 2017, Blacks have an unemployment rate of 8.2 percent, while the rate for Whites is 4.6 percent. The rate for Hispanics stands at 5.2 percent.

The unemployment rate for veterans was 4.9 percent in December, down from 14.7 percent at the height of the recession.