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Archive for September, 2018

Transportation jobs in Vegas grow

Sunday, September 9th, 2018

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

Payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in professional and business services, health care, wholesale trade, transportation and warehousing, and mining.

Payroll employment increased by 201,000 in August, in line with the average monthly gain of 196,000 over the prior 12 months. Over the month, employment increased in professional and business services, health care, wholesale trade, transportation and warehousing, and mining.

In August, health care employment rose by 33,000, with job gains in ambulatory health care services (+21,000) and hospitals (+8,000).

Health care has added 301,000 jobs over the year. Wholesale trade employment increased by 22,000 in August and by 99,000 over the year.

Durable goods wholesalers added 14,000 jobs over the month and accounted for about two-thirds of the over-the-year job gain in wholesale trade. Employment in transportation and warehousing rose by 20,000 in August and by 173,000 over the past 12 months.

Within the industry, couriers and messengers added 4,000 jobs in August. Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year. Manufacturing employment changed little in August (-3,000).

Over the year, employment in the industry was up by 254,000, with more than three-fourths of the gain in the durable goods component. Employment showed little change over the month in other major industries, including retail trade, information, financial activities, leisure and hospitality, and government.

Jobs in Vegas burgeon

Tuesday, September 4th, 2018

A number of jobs in Vegas are growing, according to recent local labor statistics.

Statewide, jobs increased by 3.4 percent, which correlates to 46,000 new jobs added since July of last year.

The largest gains were realized in Las Vegas and Reno, at 10,300 and 800 respectively, while Carson City remained essentially unchanged over the month and in line with seasonal expectations.

Reno was the only metropolitan statistical area (MSA) that added jobs at a faster rate than the State as a whole in July. This is according to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) July 2018 economic report.

Additional report data shows that in July manufacturing was the fastest-growing sector in the Silver State, with employment in the industry seven percent higher than the pre-recession peak.

Nevada has seen significant gains in manufacturing employment in recent years, with total statewide growth of 14 percent, or 6,500 jobs, year to date in 2018.

This growth is illustrated in manufacturing trends across the State’s three largest population centers; Carson City, Reno/Sparks, and Las Vegas, with Reno/Sparks being the only one to have surpassed its pre-recessionary manufacturing employment.

Statewide, job ads are up by 9,500 in July.

Reno/Sparks has seen the strongest growth in manufacturing since the recession, both in total jobs (up 9,400) and in percentage growth (up 85%).

Manufacturing jobs in Vegas climb

Tuesday, September 4th, 2018

Recent statistics show that manufacturing jobs in Vegas are growing.

According to the state Department of Employment, Training and Rehabilitation’s (DETR) July 2018 economic report, overall job growth increased to nearly 46,000 jobs year-over-year.

At 3.4 percent growth, this is the largest increase since June 2017. The state’s unemployment rate decreased by another 0.1 percent to 4.6 percent, the lowest level since August 2007.

“This month’s record numbers in job growth, number of employers in the state’s Unemployment Insurance System and Nevada’s Trust Fund balance at nearly $1.3 billion, is encouraging for our state and continues to strengthen Nevada’s economic standing,” said Governor Brian Sandoval.

“Combined with a diminishing unemployment rate, the Silver State continues to build on our position for the future.”

DETR’s report also notes that the unemployment rate in the state fell for the third straight month to 4.6%, with the decline of 0.1 percentage point matching the change in the national rate.

Additionally, total unemployment fell below 70,000 for the first time since January 2008 to 68,396.

Nevada’s unemployment rate is currently 0.8 points above the state’s all-time-low rate (3.8%). Unemployment is now down 9.1 points from its all-time high, hit during the recession (13.7%).