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Archive for April, 2018

Manufacturing jobs in Vegas climb

Saturday, April 7th, 2018

Job growth remains strong, and according to labor statistics, manufacturing jobs in Vegas are growing.

Job growth remained strong throughout the Silver State in February with small increases in employment in all three metropolitan areas, according to the Department of Employment, Training and Rehabilitation’s (DETR) February 2018 economic report.

Year-over-year employment increased in the State as a whole and across all of the State’s metro areas this month, while unemployment continued to fall. Following the strong job growth statewide released last week, this data shows that growth was distributed throughout the state.

While this growth was fastest in the northern metropolitan areas, Las Vegas still added over 26,000 jobs over the year with growth in both goods-producing and service industries.

Unemployment continues to widely decline, with the unemployment rate down in 13 of 17 counties and initial claims for unemployment benefits down in 12 of 17 counties over the year, said David Schmidt, Chief Economist, for Nevada’s Department of Employment, Training & Rehabilitation.

Unemployment rates declined on an over-the-year basis in 13 of 17 counties this month. Year-over-year declines in initial claims activity in all but five counties (Esmeralda, Lincoln, Pershing, Eureka, and Esmeralda) this month. In Storey County, manufacturing and construction added 3,800 and 700 jobs, respectively. In Las Vegas, goods-producing industries added 6,700 jobs to payrolls while service-providing industries added 19,100.

Vegas jobs grow

Saturday, April 7th, 2018

A number of new labor statistics shows that Vegas jobs have grown.

An increase of 6,600 jobs in February 2018 brought employment in the state of Nevada to 1,370,900 during the month, according to the Department of Employment, Training and Rehabilitation’s (DETR) February 2018 economic report. Unemployment remained unchanged at 4.9%.

“With the upward revision in the total number of jobs added in January to 4,500, our state has gained 11,100 jobs in two months,” Governor Brian Sandoval said. “I am incredibly encouraged by this news, especially because this is the third time in the last 12 months that our state has gained 10,000 or more jobs over a two-month time frame. While I look forward to seeing this continue, we know there is still work to be done to ensure all Nevadans have the opportunity to gain employment.”

DETR’s report also notes that initial unemployment claims activity has leveled off near an annual average of 11,000 claims per month after several years of decline. This is the lowest since October 2006.

Seasonally adjusted employment rose to 1,370,900 and an increase of 42,000 unadjusted jobs (3.2%) over the year.

February 2018 was the 67th straight month where annual employment growth in Nevada was higher than the U.S., and the 86th straight month of year-over-year growth.

The two-month gain of 11,100 jobs was the 8th time since 2010 that the two-month gain has been 10,000 jobs or more.

At 4.9 percent, Nevada’s unemployment rate has remained constant since August of last year