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Archive for August, 2018

Vegas jobs grow

Saturday, August 4th, 2018

New labor analysis has determined how Vegas jobs are growing.

According the Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, year-over-year employment increased in the State as a whole and in all three metropolitan statistical areas (MSAs).

Reno and Carson City both added jobs at a faster rate than the State as a whole this month. Statewide, jobs increased by 2.8 percent, which correlates to 37,600 new jobs added since June of last year.

In Las Vegas and Reno this is evident in the increase of jobs, while Carson City remained essentially unchanged over the month, growing by just 100 jobs while the unemployment rate declined in the majority of the state’s metropolitan areas.

“This month’s data also shows that labor force growth is concentrated in the State’s urban areas which have been experiencing strong employment increases. Clark County’s labor force is up 29,440, while Washoe’s has increased 9,170 compared to the first six months of last year. Both areas show an increase in employment and a decrease in unemployment. In each case, the decline in unemployment was more than matched by strong employment growth, leading to overall growth in the labor force. This shows us that unemployed Nevadans are finding jobs, and that the State’s population centers continue to draw in new workers,” said David Schmidt, Chief Economist, for Nevada’s Department of Employment, Training & Rehabilitation.

Job Growth In June (Seasonally-Adjusted):

Las Vegas gained 400 jobs over the month and 26,000 over the year (2.7 percent).

Reno added 700 jobs over the month and 8,600 over the year (3.7 percent), making it the fastest growing MSA in the state.

Carson City was up 100 jobs both over the month and over the year (3.3 percent)

Labor grant to connect veterans with Vegas jobs

Saturday, August 4th, 2018

A new labor grant will help connect homeless veterans with Vegas jobs.

Nevada is expected to receive $250,000 in grant funding to help Nevada’s homeless military veterans gain employment. Specifically, the U.S. Department of Labor (DOL) directed $250,000 to the U.S. VETS – Las Vegas, which is located in Las Vegas, NV.

The grant funding comes from the DOL’s Homeless Veterans’ Reintegration Program (HVRP), which helps state, tribal, and local agencies and nonprofits provide homeless veterans with job training and placement. DOL Secretary Alex Acosta today unveiled a total of 163 HVRP grantees nationwide totaling $47.6 million, which is expected to help more than 18,000 homeless U.S. veterans.

“No veteran should be forced to live on the streets or in their cars after defending our country. That’s why I welcome the Department of Labor’s announcement that U.S. VETS – Las Vegas, which has been doing incredible work for our military heroes since 2001, has been awarded $250,000 to help our veterans gain employment,” said Heller. “My office has worked closely with U.S. VETS – Las Vegas, which recently opened its culinary training class. As a senior member of the Senate Veterans’ Affairs Committee representing 300,000 veterans living in Nevada, I will continue to make sure that important organizations on-the-ground, like U.S. VETS, have the federal resources and support they need to continue assisting the men and women who answered our nation’s call.”

In 2017, Heller introduced the Creating a Reliable Environment (CARE) for Veterans’ Dependents Act, bipartisan legislation to ensure that children of homeless veterans are eligible for services provided to that veteran by VA-funded facilities. Additionally, in 2012, he authored the Women’s Homeless Veterans Act, a bill to provide shelters and short-term housing to women who become homeless after serving in the military.

Vegas jobs added

Saturday, August 4th, 2018

The newest labor statistics show that Vegas jobs have been added.

June marks the 90th straight month of year-over-year job gains in Nevada, with job growth continuing to hover near 40,000 jobs per month on a year-over-year basis.

According to the state Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, job growth was 2.8 percent, well above the national rate of 1.6 percent.

The state’s unemployment rate decreased by 0.1 percent to 4.7 percent in June.

“With 2,000 jobs added in June, Nevada continues to experience an ongoing healthy labor market and maintains improvement through the second quarter of 2018,” Governor Brian Sandoval said. “Additionally, the unemployment rate continues to decline in the state falling from 4.8% to 4.7% – a significant drop from nearly 14% in 2011. As we enjoy these positive trends, we should remain vigilant in continuing our efforts to ensure the Silver State’s economic success.”

DETR’s report also notes the state’s long-term unemployment rate (UR) figures included in the monthly Current Population Survey (CPS).

The long-term UR is the ratio of long-term unemployed to the total labor force. For the 12-month period ending in June 2018, the Silver State had a long-term unemployment rate of 0.9 percent, down 6.1 percentage points from its peak. As of June 2018 the number of Nevadans unemployed for 27 weeks or more stands at 12,900 compared to the height of the recession, when the state’s number of long-term unemployed in Nevada totaled 92,900.

“Employment rose and unemployment fell in June, reflecting the ongoing growth of Nevada’s labor market. Employment growth, while down slightly from the average pace seen over the last 12 months, still represents growth well above that of the nation as a whole. Declines in unemployment, increases in income and wages, and solid employment growth across several different industry sectors point to a healthy, tightening market for workers in the state,” said David Schmidt, Chief Economist for DETR.